Louisiana Revised Statutes 46:2605.6 – A. There is hereby created in the state treasury as a special fund the Children of Incarcerated Parents and Caregivers Fund, hereinafter referred to as the “fund”.
Terms Used In Louisiana Revised Statutes 46:2605.6
- 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.
A. There is hereby created in the state treasury as a special fund the Children of Incarcerated Parents and Caregivers Fund, hereinafter referred to as the “fund”.
B.(1) The source of monies deposited into the fund shall be any monies appropriated annually by the legislature, including federal funds; any public or private donations, gifts, or grants from individuals, corporations, nonprofit organizations, or other business entities; and any other monies that may be obtained or provided by law.
(2) Monies in the fund shall be invested in the same manner as monies in the state general fund and interest earned on investment of 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.
C. Monies in the fund shall be used as directed by the CIP Council solely for the purposes set forth in this Section and La. Rev. Stat. 46:2605.4 and 2605.5.
Acts 2020, No. 284, §1, eff. June 11, 2020.