RS 39:100.71

171 words·~1 min read·/la/title-39/39-1103

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RS 39:100.71

SUBPART P. BLUE TARP FUND

§100.71. Blue Tarp Fund; purpose

A. There is hereby created in the state treasury, as a special fund, the ''Blue Tarp Fund", hereinafter referred to in this Section as the "fund".

B. Notwithstanding any provision of law to the contrary, the state treasurer is hereby authorized and directed to transfer $500,000 from the Louisiana Mega-Project Development Fund into the Blue Tarp Fund.

C. Monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on investment of monies in the fund shall be credited to the fund. Unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund.

D. Monies in the fund shall be appropriated and used for roof repairs for homeowners. The Louisiana Housing Corporation shall develop a plan and promulgate rules for the distribution of funds.

Acts 2021, No. 114, §21, eff. June 7, 2021; Acts 2022, No. 167, §4, eff. May 30, 2022.