Louisiana Revised Statutes 56:645 – A. Each individual who purchases a fishing or hunting license may make a donation to help provide disabled veterans with hunting and fishing licenses. The donation shall be made at t
Terms Used In Louisiana Revised Statutes 56:645
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- 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. Each individual who purchases a fishing or hunting license may make a donation to help provide disabled veterans with hunting and fishing licenses. The donation shall be made at the time of the purchase and shall be made upon the license form prescribed by the secretary.
B. There is hereby created within the Department of Wildlife and Fisheries a special escrow account known as the “Louisiana Wildlife and Fisheries Foundation Escrow Account”. The escrow account is created to receive deposits of donations made for the benefit of disabled veterans when an individual purchases a fishing and hunting license. The monies in the account shall be used solely to purchase hunting and fishing licenses for disabled veterans. No more than ten percent of the monies in the account shall be used for administrative costs. All unexpended and unencumbered monies in this account at the end of the fiscal year shall remain in the account. The monies in the account shall be invested by the state treasurer in the same manner as monies in the state general fund.
Acts 2021, No. 356, §3, eff. June 1, 2022.