RÉSUMÉ DIGEST
ACT 315 (HB 295) 2015 Regular Session Brown
Prior law established a forest protection tax.
New law changes the tax to an assessment.
Existing law establishes a Forest Protection Fund.
New law retains existing law.
Existing 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.
New law retains existing law.
Prior law directed all unexpended and unencumbered monies in the fund to the state general
fund and required that such funds be invested by the treasurer and the interest earned be
credited to the state general fund.
New law directs all unexpended and unencumbered monies in the fund to the Louisiana
Agricultural Finance Authority.
New law removed the prior law requirement that the monies in the fund be invested and the
interest credited to the state general fund.
Effective Aug. 1, 2015.
(Amends R.S. 3:4321)