ENROLLED
2018 Regular Session
HOUSE BILL NO. 118
BY REPRESENTATIVE BILLIOT
1 AN ACT
2 To amend and reenact R.S. 56:700.2(A)(4) and 700.6, relative to the Fishermen's Gear
3 Compensation Fund; to extend the existence of such fund; to extend payments into
4 the Underwater Obstruction Removal Fund; and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 56:700.2(A)(4) and 700.6 are hereby amended and reenacted to read
7 as follows:
8 §700.2. Establishment, continuance, and purposes of fund; geographical coverage;
9 assessments
10 A. There is hereby established in the state treasury a Fishermen's Gear
11 Compensation Fund into which amounts paid pursuant to this Section shall be
12 deposited. The fund shall be available to the secretary only for the following
13 purposes:
14 * * *
15 (4) On July 1, 2014, and on each July first thereafter and ending after on
16 June 30, 2018 2022, the state treasurer shall annually deposit, the amount of two
17 hundred fifty thousand dollars into the Underwater Obstruction Removal Fund as
18 provided in R.S. 30:101.9. The department shall seek to match these funds with
19 whatever federal or state funds may be available for such purposes.
20 * * *
21 §700.6. Termination date
22 The provisions of this Part shall terminate and have no effect after June 30,
23 2018 2022.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HB NO. 118 ENROLLED
1 Section 2. This Act shall become effective upon signature by the governor or, if not
2 signed by the governor, upon expiration of the time for bills to become law without signature
3 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
4 vetoed by the governor and subsequently approved by the legislature, this Act shall become
5 effective on the day following such approval.
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.