Louisiana § RS 17:2151.1 - Revolving funds; retention of surpluses
Full text of Louisiana Louisiana Civil Code § RS 17:2151.1 — Revolving funds; retention of surpluses, with citation guidance and answers to common questions.
§ RS 17:2151.1. Revolving funds; retention of surpluses
A. The colleges under the control of the State Board of Education are authorized to retain any surpluses at the end of each fiscal year resulting from the operations of the various facilities operated within the revolving funds of said colleges and after servicing of bonds issued under authority of Act 619 of 1954; provided that such surpluses are to be expended within one year after the close of each fiscal year for the purchase of equipment, repairs, and improvements to existing revolving fund facilities, when approved by the commissioner of administration.
B. Provided further that this dedication of funds is applicable to any surplus balances in the revolving funds as of June 30, 1956.
Added by Acts 1956, No. 119, §§1, 2.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 17:2151.1
What does Louisiana Civil Code § RS 17:2151.1 cover?
Section RS 17:2151.1 ("Revolving funds; retention of surpluses") 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 17:2151.1?
A common citation format is "Louisiana Civil Code § RS 17:2151.1" (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 17:2151.1 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.