Louisiana § RS 39:100.49 - 2021 Market Adjustments Reduction Fund
Full text of Louisiana Louisiana Civil Code § RS 39:100.49 — 2021 Market Adjustments Reduction Fund, with citation guidance and answers to common questions.
§ RS 39:100.49. 2021 Market Adjustments Reduction Fund
A. There is hereby created and established in the state treasury, as a special fund, the 2021 Market Adjustments Reduction Fund, hereinafter the "fund". 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 in and credit to the fund any monies reported by the commissioner of administration as being achieved as a result of the reductions to agency budgets for market adjustments for classified employees and pay raises for unclassified employees made by the commissioner of administration.
B. The monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on the investment of monies in the fund shall be deposited in and credited to the fund.
C. Monies in the fund may be utilized to restore market adjustments for classified employees and pay raises for unclassified employees proposed and subsequently eliminated during the 2020 First Extraordinary Session of the Legislature of Louisiana, in the event economic conditions warrant such action and are approved either by the legislature, if in session on or before October 15, 2020, or the Joint Legislative Committee on the Budget, if the legislature is not in session on or before October 15, 2020.
Acts 2020, 1st Ex. Sess., No. 10, §7, eff. July 1, 2020.
NOTE: Provisions in HB 1 of the 2020 1st Ex. Sess. that would have generated monies for this fund were vetoed by the governor.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 39:100.49
What does Louisiana Civil Code § RS 39:100.49 cover?
Section RS 39:100.49 ("2021 Market Adjustments Reduction 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 39:100.49?
A common citation format is "Louisiana Civil Code § RS 39:100.49" (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 39:100.49 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.