Page 1 of 3 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 * * *9 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 Page 2 of 3 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 Page 3 of 3 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 * * *3 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: