La. Stat. tit. 30 § 2483

Current with changes from the 2024 3rd Extraordinary Session
Section 30:2483 - [See Note] Oil Spill Contingency Fund
A. "Secretary" as used in this Part shall mean the secretary of the Department of Revenue.
B. There shall be established in the state treasury, as a special fund, the Oil Spill Contingency Fund, hereinafter referred to as the "contingency fund". Out of the funds remaining in the Bond Security and Redemption Fund after a sufficient amount is allocated from that fund to pay all obligations secured by the full faith and credit of the state which become due and payable within any fiscal year as required by Article VII, Section 13(B) of the Constitution of Louisiana, the treasurer shall pay into the contingency fund all of the following:
(1) All fees, taxes, penalties, judgments, reimbursements, charges, and federal funds collected pursuant to the provisions of this Chapter, except as provided by R.S. 30:2480.2.
(2) Any fees, taxes, penalties, reimbursements, charges, federal funds, or other revenue enacted by the legislature for the purposes of abatement and containment of actual or threatened unauthorized discharges of oil after November 23, 1995, shall be irrevocably dedicated and deposited in the contingency fund.
(3) All funds or revenues which may be donated expressly to the contingency fund.
C. The monies in the contingency fund shall be appropriated by the legislature to be used solely for the programs and purposes of abatement and containment of actual or threatened unauthorized discharges of oil and for administrative expenses associated with such programs and purposes, as provided in this Part.
D. In order to fulfill the constitutional mandate of Article IX, Section 1 of the Constitution of Louisiana to protect, conserve, and replenish the natural resources of the state, the legislature hereby declares that sufficient funds shall be made available to the Oil Spill Contingency Fund, in order for prevention of and response to unauthorized discharges of oil.
E. The purpose of the fund is to immediately provide available funds for response to all threatened or actual unauthorized discharges of oil, for clean up of pollution from unauthorized discharges of oil, natural resources damages, damages sustained by any state agency or political subdivision, and removal costs from threatened, unauthorized discharges of oil.

F. All unexpended and unencumbered monies in this fund at the end of the fiscal year shall remain in the fund. The monies in this fund shall be invested by the state treasurer in the same manner as monies in the state general fund, and interest earned on the investment of these monies shall remain in the fund.
G. The provisions of this Section shall not apply to or affect funds allocated by Article VII, Section 8, Paragraphs (B) and (C) of the Constitution of Louisiana.

La. R.S. § 30:2483

Acts 1991, 1st Ex. Sess., No. 7, §1, eff. April 23, 1991; Acts 1997, No. 658, §2; Acts 2001, No. 649, §1, eff. June 22, 2001; Acts 2010, No. 962, §1, eff. July 6, 2010; Acts 2013, No. 394, §1, eff. July 1, 2014.
Amended by Acts 2024EX3, No. 13,s. 2, eff. if and when the proposed amendment of Article VII of the Constitution of Louisiana contained in the Act which originated as House Bill No. 7 of this 2024 Third Extraordinary Session of the Legislature is adopted at a statewide election and becomes effective..
Amended by Acts 2013, No. 394,s. 1, eff. 7/1/2014.
Acts 1991, 1st Ex. Sess., No. 7, §1, eff. 4/23/1991; Acts 1997, No. 658, §2; Acts 2001, No. 649, §1, eff. 6/22/2001; Acts 2010, No. 962, §1, eff. 7/6/2010.
This section is set out more than once due to postponed, multiple, or conflicting amendments.