Louisiana § RS 39:100.255 - Louisiana Economic Development Initiatives Fund
Full text of Louisiana Louisiana Civil Code § RS 39:100.255 — Louisiana Economic Development Initiatives Fund, with citation guidance and answers to common questions.
§ RS 39:100.255. Louisiana Economic Development Initiatives Fund
A. There is hereby established in the state treasury, as a special fund, the Louisiana Economic Development Initiatives Fund, hereinafter referred to in this Section as the "fund".
B. After allocation of money to the Bond Security and Redemption Fund as provided in Article VII, Section 9(B) of the Constitution of Louisiana, the treasurer shall deposit into the fund any monies transferred or appropriated by the legislature. The treasurer shall also deposit into the fund any grants, donations, gifts, or other monies which may become available.
C. All unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund. The monies in the fund shall be invested by the state treasurer in the same manner as monies in the state general fund. Interest earned on the investment of monies in the fund shall be credited to the fund.
D. The monies in the fund shall be utilized for the following:
(1) The state treasurer shall deposit the first one hundred fifty million dollars of monies received into the fund into the Site Investment and Infrastructure Improvement Fund.
(2) Of the remaining monies in the fund, the treasurer shall deposit sixty-five million seven hundred twenty-four thousand one hundred twelve dollars of monies received into the fund into the Rapid Response Fund.
(3) Of the remaining monies in the fund, the treasurer shall deposit five million dollars of monies received into the fund into the Marketing Fund.
(4) Of the remaining monies in the fund, the treasurer shall deposit ten million dollars of monies received into the fund into the Major Events Incentive Fund.
(5) Any remaining monies in the fund shall be used solely for training, marketing initiatives, commitments made by Louisiana Economic Development, and various capital initiatives that will have a positive impact on the state's economy.
Acts 2025, No. 365, §3, eff. June 20, 2025.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 39:100.255
What does Louisiana Civil Code § RS 39:100.255 cover?
Section RS 39:100.255 ("Louisiana Economic Development Initiatives 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 39:100.255?
A common citation format is "Louisiana Civil Code § RS 39:100.255" (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 39:100.255 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.