§851.32. Disposition of funds

A.(1) Funds accruing to the state of Louisiana from registration fees paid by owners of motorboats and sailboats shall be paid into the state treasury and shall be credited to the Bond Security and Redemption Fund. Out of the funds remaining in the Bond Security and Redemption Fund, after a sufficient amount is allocated from that fund to pay all obligations secured by the full faith and credit of the state which become due and payable within any fiscal year, the treasurer shall, prior to placing such remaining funds in the State General Fund, pay into the Derelict Houseboat Fund of the Louisiana Wildlife and Fisheries Commission an amount equal to the total amount, less the amounts provided in Paragraph (2) of this Subsection, of the sums recovered as registration fees in R.S. 34:851.20 and 23 of this Part for the purpose of administering and enforcing the provisions of this Part or for such other purposes as may be determined by said commission.

(2) The treasurer shall pay an amount equal to nine dollars of every fee collected for registering a motorboat and sailboat pursuant to R.S. 34:851.20(A)(1)(d) into the Aquatic Plant Control Fund created by R.S. 56:10.1.

B. The revenues derived from the registration fees paid into the Derelict Houseboat Fund pursuant to Subsection A of this Section shall be made available for the purpose of providing the necessary additional funds for the administration and enforcement of the provisions of this Part or for such other purposes as may be determined by the Louisiana Wildlife and Fisheries Commission.

C. Funds accruing to the state of Louisiana from registration fees paid by owners of houseboats shall be paid into the state treasury and shall be credited to the Bond Security and Redemption Fund. Out of the funds remaining in the Bond Security and Redemption Fund, after a sufficient amount is allocated from that fund to pay all obligations secured by the full faith and credit of the state which become due and payable within any fiscal year, the treasurer shall pay into the Derelict Houseboat Fund an amount equal to the total amount of the sums recovered as registration fees in R.S. 34:851.20 of this Part.

Acts 1984, No. 288, §1; Acts 2018, No. 628, §1; Acts 2018, No. 698, §1.