RS 39:100.151

328 words·~1 min read·/la/title-39/39-1278

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RS 39:100.151

SUBPART T. STATE LAND OFFICE REFORESTATION FUND

§100.151. State Land Office Reforestation Fund

A. There is hereby created in the state treasury, as a special fund, the State Land Office Reforestation Fund, hereinafter referred to as the "fund".

B. Subject to appropriation by the legislature, monies in the fund shall be used solely to fund reforestation of state properties, preparing state-owned timber sites for cultivation, paying fees assessed by the Department of Agriculture and Forestry for timber management, purchasing necessary servitudes or easements to improve timber harvesting, and purchasing servitudes or tracts of land to increase access to landlocked state properties.

C. The fund shall consist of any monies appropriated, allocated, or transferred to the fund, including twenty-five percent of the proceeds from the sale of timber pursuant to R.S. 41:1001 et seq. and twenty-five percent of the proceeds from the sale of timber pursuant to a timber management program under R.S. 3:2(B), notwithstanding the provisions of R.S. 3:2(C), R.S. 41:135(A) and 1005, or any other law to the contrary.

D. Monies in the fund shall be invested by the state treasurer 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. All unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund.

E. At the end of each fiscal year, the state treasurer is authorized and directed to transfer into the state general fund any monies in the fund exceeding five hundred thousand dollars.

F. The register of the state land office shall submit as part of the annual report to the House Committee on Natural Resources and Environment and the Senate Committee on Natural Resources required by R.S. 41:2 and 140, a descriptive list by parish of the revenues, expenditures, and projects associated with the provisions of Subsections B and C of this Section.

Acts 2019, No. 279, §1.