Louisiana 2019 2019 Regular Session

Louisiana Senate Bill SB216 Chaptered / Bill

                    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
ACT No. 279
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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:                          
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.