Louisiana 2015 2015 Regular Session

Louisiana House Bill HB295 Comm Sub / Analysis

                    DIGEST
The digest printed below was prepared by House Legislative Services.  It constitutes no part of the
legislative instrument.  The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent.  [R.S. 1:13(B) and 24:177(E)]
HB 295 Engrossed	2015 Regular Session	Brown
Abstract:  Provides for a forest protection assessment.  Directs all unexpended and unencumbered
monies in the Forest Protection Fund (fund) to the Louisiana Agricultural Finance Authority.
Present law establishes a forest protection tax.  Proposed law modifies present law by changing the
tax to an assessment.
Present law establishes a Forest Protection Fund.  Proposed law retains present law.
Present law directs the Dept. of Agriculture and Forestry to expend monies in the fund to acquire and
maintain equipment for the protection of forest lands from damage by fire or other causes.  Proposed
law retains present law.
Present law directs all unexpended and unencumbered monies in the fund to the state general fund
and requires that such funds be invested by the treasurer and the interest earned credited to the state
general fund.  Proposed law modifies present law by directing all unexpended and unencumbered
monies in the fund to the Louisiana Agricultural Finance Authority.  Proposed law also removes the
present law requirement that the monies in the fund be invested and the interest credited to the state
general fund.  
 
(Amends R.S. 3:4321)
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Agriculture, Forestry,
Aquaculture, and Rural Development to the original bill:
1. Make a technical change.