Louisiana § RS 51:2364 - Louisiana Economic Development Innovation Fund
Full text of Louisiana Louisiana Civil Code § RS 51:2364 — Louisiana Economic Development Innovation Fund, with citation guidance and answers to common questions.
§ RS 51:2364. Louisiana Economic Development Innovation Fund
A.(1) There shall hereby be established within the state treasury a special fund, the Louisiana Economic Development Innovation Fund, hereinafter referred to as the "fund". After compliance with the requirements of Article VII, Section 9(B) of the Constitution of Louisiana relative to the Bond Security and Redemption Fund, all monies received for the purpose of the fund shall be deposited into the fund.
(2) Monies in the fund shall be used solely for economic development initiatives as determined appropriate by the secretary, who shall develop guidelines for objectives and performance-based criteria for fund distribution.
(3) The source of monies in the fund shall be any monies transferred or appropriated by the legislature, grants, donations, or other monies which may become available.
B. The treasurer shall invest the monies in the fund in the same manner as funds are invested in the general fund. Interest earned from the investment of monies in the fund shall be credited back to the fund. All unexpended and unencumbered money remaining in the fund at the end of the fiscal year shall be retained within the fund.
Acts 2025, No. 432, §2.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 51:2364
What does Louisiana Civil Code § RS 51:2364 cover?
Section RS 51:2364 ("Louisiana Economic Development Innovation 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 51:2364?
A common citation format is "Louisiana Civil Code § RS 51:2364" (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 51:2364 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.