Louisiana § RS 39:100.121 - Capital Outlay Savings Fund
Full text of Louisiana Louisiana Civil Code § RS 39:100.121 — Capital Outlay Savings Fund, with citation guidance and answers to common questions.
§ RS 39:100.121. Capital Outlay Savings Fund
A.(1) There is hereby created in the state treasury, as a special fund, the Capital Outlay Savings Fund, hereinafter referred to as the "fund". The fund shall be comprised of both recurring and nonrecurring state general fund revenues.
(2)(a) The state treasurer is authorized and directed to transfer and deposit into the fund an amount equal to one hundred five million nine hundred thirty-seven thousand seven hundred twenty dollars of nonrecurring revenues from the Fiscal Year 2018-2019 surplus as recognized by the Revenue Estimating Conference.
(b) In the event that a project included in the comprehensive capital outlay budget that has a state general fund direct appropriation, regardless of whether the appropriation is from recurring or nonrecurring revenue, is deemed null by the division of administration or is vetoed by the governor, the state treasurer is authorized and directed to deposit into the fund an amount equal to the amount of the appropriation for the project that is deemed null or vetoed from the recurring or nonrecurring revenues, whichever is applicable, in the state general fund.
B. Monies in the fund shall be used only for the following purposes:
(1) Providing funding for capital outlay projects; however, no withdrawals shall be made from the fund pursuant to the provisions of this Paragraph except by a specific appropriation made in a bill enacted by the legislature.
(2) Providing for allocation or appropriation for deposit into the Budget Stabilization Fund established in Article VII, Section 10.3 of the Constitution of Louisiana.
C. The monies in the fund shall be invested by the state treasurer in the same manner as monies in the state general fund. All unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund, and any interest earned on the monies in the fund shall be credited to the fund.
Acts 2020 1st Ex. Sess., No. 30, §1, eff. July 1, 2020; Acts 2023, No. 82, §1, eff. July 1, 2024; Acts 2024, No. 723, §5, eff. Jan. 1, 2025.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 39:100.121
What does Louisiana Civil Code § RS 39:100.121 cover?
Section RS 39:100.121 ("Capital Outlay Savings Fund") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 39:100.121?
A common citation format is "Louisiana Civil Code § RS 39:100.121" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 39:100.121 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.