RS 39:100.45: State Coronavirus Relief Fund

A. There is hereby created and established in the state treasury, as a special fund, the State Coronavirus Relief Fund, hereinafter the "relief fund". On December 1, 2020, the treasurer is authorized and directed to transfer any unobligated monies in the Coronavirus Local Recovery Allocation Fund and the Louisiana Main Street Recovery Fund to the relief fund to be used by the state, subject to appropriation if the legislature is in session, or the Joint Legislative Committee on the Budget, if the legislature is not in session, for the purposes of providing monies to local government units, eligible businesses, or the state in accordance with the provisions of this Subpart and the CARES Act.

B. The monies in the relief fund shall be invested in the same manner as monies in the state general fund. Interest earned on the investment of monies in the relief fund shall be deposited in and credited to the relief fund. If applicable under federal guidelines, unexpended and unencumbered monies in the relief fund shall remain in the relief fund.