La. Admin. Code tit. 4 § VII-975

Current through Register Vol. 50, No. 11, November 20, 2024

Section VII-975 - Minimum Funding Levels; Reserve Level; Calculation of Funds Available for Payment of One-Time Lump Sum Awards

A. The Military Family Assistance Fund shall have a minimum of $150,000 on deposit for the Military Family Assistance Program to become operational.

B. At all times the fund shall have a reserve of a minimum of $15,000.

C. For each fiscal year, the maximum percentage of the Military Family Assistance Fund that may be directed to one-time lump sum awards shall not exceed 20 percent. This percentage shall be based on the amount of funds on deposit in the Military Family Assistance Fund as of the first day of the fiscal year.

D. Award amounts directed to transportation and other related costs of activated military personnel shall not exceed 30 percent of the funds on deposit in the Military Family Assistance Fund on the first day of the fiscal year.

La. Admin. Code tit. 4, § VII-975

Promulgated by the Office of the Governor, Department of Veterans Affairs, LR 37:1609 (June 2011), Amended LR 50501 (4/1/2024).

AUTHORITY NOTE: Promulgated in accordance with R.S. 46:121 et seq.