Terms Used In Louisiana Revised Statutes 49:318

  • 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

In the event any state department, agency or budget unit shall fail to remit to the state treasury its unexpended balance or receipts as provided by law, the governor shall forthwith draw a warrant on said department, agency or budget unit in favor of the state treasurer for the amount due; a copy of the warrant shall be sent to the state treasurer.  If the said department, agency or budget unit shall fail to honor said warrant, the state treasurer, ten days after the date thereof, shall charge said warrant against the undrawn appropriation or any other funds allocated or belonging to said department, agency or budget unit which may be in the custody of the state treasurer.

Acts 1976, No. 428, §1, eff. July 31, 1976.