Louisiana 2012 Regular Session

Louisiana Senate Bill SB523 Latest Draft

Bill / Chaptered Version

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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2012	ENROLLED
SENATE BILL NO. 523
BY SENATOR HEITMEIER 
AN ACT1
To amend and reenact R.S. 38:330.8(B), relative to authority of levee districts; to provide2
relative to the funding of the Algiers Levee District and the Orleans Levee District;3
and to provide for related matters.4
Notice of intention to introduce this Act has been published.5
Be it enacted by the Legislature of Louisiana:6
Section 1.  R.S. 38:330.8(B) is hereby amended and reenacted to read as follows: 7
ยง330.8. Funding; appropriations8
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B.(1) Proceeds from taxes levied and collected pursuant to this Subsection10
shall only be used only as provided in the tax proposition if a proposition is required11
and only within the authority or district in which the tax is levied.12
(2)(a) The proceeds from the annual ad valorem taxes levied by the Orleans13
Levee District and the Algiers Levee District shall be delivered by the tax collector14
for Orleans Parish to each respective district the Orleans Levee District.15
(b) From the first proceeds of such taxes received by the Orleans Levee16
District and the Algiers Levee District, provision shall be made and all funds17
necessary shall be set aside by each respective district for the payment of all debt18
service or other requirements due on all outstanding bonds, notes, or other evidences19
of indebtedness of each respective district during such calendar year relating to the20
outstanding bonds of the Orleans Levee District issued and outstanding as of January21
1, 2007, in accordance with the terms of such instruments and the resolutions and22
agreements providing for their insurance issuance and security.23
(c) The net amount of such taxes remaining shall be paid by the Orleans24
Levee District to the Algiers Levee District in such amount as the proportion that the25
dollar amount of the taxes collected within the Algiers Levee District bears to the26
total amount of such taxes collected within the parish of Orleans for that tax year.27
ACT No.  472 SB NO. 523	ENROLLED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
(d) Said payment of ad valorem tax proceeds by the Orleans Levee District1
to the Algiers Levee District shall be made on or before the fifteenth day of April in2
each year beginning in the year 2008.3
(e)(c) After the payments made by the Orleans Levee District under4
Subparagraphs (b) and (c) of this Paragraph:5
(i) Seven hundred thousand dollars shall be paid to the Non-Flood Protection6
Asset Management Authority on or before the thirtieth day of July beginning in the7
year 2011 and on or before the fifteenth day of April thereafter to be used for the8
operation and maintenance of Lakeshore Drive.9
(ii) Sufficient funds shall be allocated for purposes of maintaining an Orleans10
Levee District police force to be made up of not less than twenty-four police officers11
who shall provide security for Lakeshore Drive and other flood assets located within12
the jurisdiction of the Orleans Levee District.13
(iii) The provisions of Subparagraph (ec) of this Paragraph shall expire on14
December 31, 2012.15
(f) Any additional ad valorem taxes received by the Orleans Levee District16
for the same tax year after said payment shall be paid to the Algiers Levee District17
in the same proportion set forth in Subparagraph (c) of this Paragraph not later than18
thirty days after receipt thereof by the Orleans Levee District.19
(3) The tax proceeds received by the Southeast Louisiana Flood Protection20
Authority-West Bank pursuant to Paragraph (2) of this Subsection shall be used for21
the operation and maintenance of levees and for other flood control activities in the22
West Bank of Orleans Parish.23
(4) In addition to the taxing authority authorized by Article VI, Section 39(A)24
and (B) of the Constitution of Louisiana and other applicable provisions of law, the25
district shall have the same taxing authority as the Orleans Levee District on July 12,26
2007, to include but not limited to the taxing authority authorized by Article VI,27
Section 39(A) and (B) and Article VII, Section 23 of the Constitution of Louisiana,28
and the Special Levee Improvement Tax reauthorized by the Special Election held29
in Orleans Parish on November 19, 1983.30 SB NO. 523	ENROLLED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
(5) The governing authority of the Orleans Levee District shall, by July 1,1
2008, refinance all of the district's issued and outstanding debt as of January 1, 2007.2
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Section 2. This Act shall become effective upon signature by the governor or, if not4
signed by the governor, upon expiration of the time for bills to become law without signature5
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If6
vetoed by the governor and subsequently approved by the legislature, this Act shall become7
effective on the day following such approval.8
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: