RS 2:904 General aviation and reliever airport maintenance grant program fund - Louisiana Statutes

§904.  General Aviation and Reliever Airport Maintenance Grant Program Fund

A.  The "General Aviation and Reliever Airport Maintenance Grant Program Fund", hereinafter referred to in this Chapter as the "fund", is hereby created within the state treasury.

B.  The fund shall consist of monies appropriated by the legislature to the fund; grants, gifts, and donations received by the state for purposes of this Chapter; and other revenues as may be provided by law.

C.  All monies in the fund shall be invested by the state treasurer in the same manner as monies in the state general fund.  Earnings realized in each fiscal year on the investment of monies in the fund shall be credited to the fund and any unencumbered and unexpended monies in the fund at the end of the fiscal year shall remain in the fund.

D.  The monies in the fund shall be available for appropriation to the General Aviation and Reliever Airport Maintenance Grant Program for the awarding of grants which address maintenance needs and attempt to enhance safety issues at existing airport facilities, which grants shall be made in accordance with rules promulgated by the department.

Acts 1998, 1st Ex. Sess., No. 145, §1.