Louisiana Revised Statutes 30:2397 – The state treasurer shall each fiscal year deposit the revenues generated under the provisions of this Chapter from taxes applicable to the sale of reclaimed water or other sources a
Terms Used In Louisiana Revised Statutes 30:2397
- 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
- Department: means the Department of Environmental Quality. See Louisiana Revised Statutes 30:2004
- 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.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
The state treasurer shall each fiscal year deposit the revenues generated under the provisions of this Chapter from taxes applicable to the sale of reclaimed water or other sources as provided for by law into the Bond Security and Redemption Fund. Out of the funds from such sources 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, the treasurer shall deposit an amount equal to one-quarter of the revenues generated from the reclaimed water program into the Clean Water State Revolving Fund, enacted in La. Rev. Stat. 30:2301 et seq., which shall be used for making grants to local governments to finance primary waste treatment facilities; one-quarter into the Coastal Resources Trust Dedicated Fund Account, created in La. Rev. Stat. 49:214.40; and the remainder shall be used by the Department of Energy and Natural Resources for the protection of groundwater resources. Use of these funds shall be subject to an appropriation by the legislature.
Acts 2003, No. 985, §1; Acts 2010, No. 296, §1, eff. June 17, 2010; Acts 2021, No. 114, §18, eff. July 1, 2022; Acts 2023, No. 150, §5, eff. Jan. 10, 2024.