RS 39:100.124

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RS 39:100.124

SUBPART Q-3. MATCHING FUNDS FOR REVOLVING LOAN FUNDS

§100.124. Matching Funds Fund; creation

A. There is hereby created in the state treasury as a special fund the Matching Funds Fund, hereafter referred to in this Section as the "fund". Monies appropriated or transferred to the fund shall be deposited by the state treasurer after compliance with the provisions of Article VII, Section 9(B) of the Constitution of Louisiana. Monies in the fund shall be invested by the treasurer in the same manner as state general fund monies. Interest earned on monies in the fund shall be credited to the state general fund. Unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund.

B. Of the amount originally deposited into the fund by Act No. 167 of the 2022 Regular Session of the Legislature, the Department of Environmental Quality is authorized, subject to appropriation, to use an aggregate amount up to ten million twenty thousand three hundred dollars for matching funds for the Clean Water State Revolving Fund established pursuant to R.S. 30:2302.

C. Of the amount originally deposited into the fund by Act No. 167 of the 2022 Regular Session of the Legislature, the Louisiana Department of Health is authorized, subject to appropriation, to use an aggregate amount up to thirteen million, six hundred seventy-eight thousand seven hundred ninety-eight dollars for matching funds for the Drinking Water Revolving Loan Fund established pursuant to R.S. 40:2823.

D. The provisions of this Section shall terminate on December 31, 2026.

Acts 2022, No. 167, §4, eff. May 30, 2022.