2019 Regular Session ENROLLED SENATE BILL NO. 216 BY SENATOR CHABERT AND REPRESENTATIVES ADAMS, ANDERS, BAGNERIS, BILLIOT, TERRY BROWN, CHANEY, COX, FALCONER, GAINES, GISCLAIR, HILL, TERRY LANDRY, LEGER, LYONS, MUSCARELLO, PIERRE AND ZERINGUE Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana. 1 AN ACT 2 To enact Subpart T of Part II-A of Chapter 1 of Subtitle I of Title 39 of the Louisiana 3 Revised Statutes of 1950, to be comprised of R.S. 39:100.151, relative to special 4 funds; to create the State Land Office Reforestation Fund in the state treasury; to 5 provide for the purpose, use, investment, and transfer of monies in the fund; to 6 provide for reporting; and to provide for related matters. 7 Be it enacted by the Legislature of Louisiana: 8 Section 1. Subpart T of Part II-A of Chapter 1 of Subtitle I of Title 39 of the 9 Louisiana Revised Statutes of 1950, comprised of R.S. 39:100.151, is hereby enacted to read 10 as follows: 11 SUBPART T. STATE LAND OFFICE REFORESTATION FUND 12 ยง100.151. State Land Office Reforestation Fund 13 A. There is hereby created in the state treasury, as a special fund, the 14 State Land Office Reforestation Fund, hereinafter referred to as the "fund". 15 B. Subject to appropriation by the legislature, monies in the fund shall 16 be used solely to fund reforestation of state properties, preparing state-owned 17 timber sites for cultivation, paying fees assessed by the Department of 18 Agriculture and Forestry for timber management, purchasing necessary 19 servitudes or easements to improve timber harvesting, and purchasing 20 servitudes or tracts of land to increase access to landlocked state properties. 21 C. The fund shall consist of any monies appropriated, allocated, or 22 transferred to the fund, including twenty-five percent of the proceeds from the 23 sale of timber pursuant to R.S. 41:1001 et seq. and twenty-five percent of the Page 1 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 216 ENROLLED 1 proceeds from the sale of timber pursuant to a timber management program 2 under R.S. 3:2(B), notwithstanding the provisions of R.S. 3:2(C), R.S. 41:135(A) 3 and 1005, or any other law to the contrary. 4 D. Monies in the fund shall be invested by the state treasurer in the same 5 manner as monies in the state general fund. Interest earned on investment of 6 monies in the fund shall be credited to the fund. All unexpended and 7 unencumbered monies in the fund at the end of the fiscal year shall remain in 8 the fund. 9 E. At the end of each fiscal year, the state treasurer is authorized and 10 directed to transfer into the state general fund any monies in the fund exceeding 11 five hundred thousand dollars. 12 F. The register of the state land office shall submit as part of the annual 13 report to the House Committee on Natural Resources and Environment and the 14 Senate Committee on Natural Resources required by R.S. 41:2 and R.S. 41:140, 15 a descriptive list by parish of the revenues, expenditures, and projects 16 associated with the provisions of Subsections B and C of this Section. PRESIDENT OF THE SENATE SPEAKER OF THE HOUSE OF REPRESENTATIVES GOVERNOR OF THE STATE OF LOUISIANA APPROVED: Page 2 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions.