Louisiana Revised Statutes 46:1831.12 – A. The Victims of Vehicular Homicide Fund, hereinafter referred to as “the fund”, is hereby created as a special fund in the state treasury.
Terms Used In Louisiana Revised Statutes 46:1831.12
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Bequest: Property gifted by will.
- Board: means the Crime Victims Reparations Board. See Louisiana Revised Statutes 46:1802
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Devise: To gift property by will.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Reparations: means payment of compensation in accordance with the provisions of this Chapter for pecuniary loss resulting from physical injury, death, or catastrophic property loss by reason of a crime enumerated in this Chapter. See Louisiana Revised Statutes 46:1802
- Victim: means :
(a) Any person who suffers personal injury, death, or catastrophic property loss as a result of a crime committed in this state and covered by this Chapter. See Louisiana Revised Statutes 46:1802
A. The Victims of Vehicular Homicide Fund, hereinafter referred to as “the fund”, is hereby created as a special fund in the state treasury.
B. The fund shall be composed of:
(1) Monies derived from appropriations by the legislature or private funds not to exceed five hundred thousand dollars per fiscal year.
(2) Any federal monies made available to the state for victim compensation.
(3) All monies received from any action to recover damages for a crime which was the basis of a reparations award pursuant to this Chapter.
(4) Any gift, grant, devise, or bequest of monies or properties of any nature or description.
C. Monies in the fund shall be invested by the treasurer in the same manner as state general fund monies. Unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund. Subject to appropriation, monies in the fund shall be used solely to pay reparation awards pursuant to this Chapter, and disbursements therefrom shall be made by the state treasurer upon written order of the board, signed by the chairman, or a court.
Acts 2023, No. 451, §2.
NOTE: Pursuant to La. Rev. Stat. 46:1831.16, this Chapter will terminate Aug. 1, 2027.