§2134. Automobile Theft and Insurance Fraud Prevention Authority Dedicated Fund
Account
A. There is hereby established a special dedicated fund account in the state treasury
to be known as the "Automobile Theft and Insurance Fraud Prevention Authority Dedicated
Fund Account", hereafter referred to in this Section as the "account", into which the state
treasurer shall each fiscal year deposit the revenues received from those sources provided for
by this Part and other sources as provided for by law after those revenues have been
deposited in 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 that become due and
payable within each fiscal year, the treasurer, prior to placing such funds in the state general
fund, shall pay into the account an amount equal to the revenue generated from collection
from those sources provided for by this Part and other sources as provided for by law. No
expenditures shall be made from the account unless first appropriated by the legislature. The
monies in the account shall be invested by the state treasurer in the same manner as monies
in the state general fund. All interest earned on money from the account and invested by the
state treasurer shall be credited to the account. Monies deposited into the account shall be
categorized as fees and self-generated revenue for the sole purpose of reporting related to the
executive budget, supporting documents, and general appropriation bills and shall be
available for annual appropriation by the legislature.
B. Any monies in the account shall be administered only by the director of the
authority, upon a majority vote of the board, in the following order of priority:
(1) To pay the costs of administration of the authority.
(2) To pay the costs of legal counsel.
(3) To achieve the purposes and objectives of this Part, which may include but not
be limited to the following:
(a) Providing financial support to state or local law enforcement agencies, including
but not limited to the office of attorney general, for motor vehicle theft and insurance fraud
prevention, detection and enforcement.
(b) Providing financial support to state or local law enforcement agencies, including
but not limited to the office of attorney general, for programs designed to reduce the
incidence of motor vehicle theft and insurance fraud.
(c) Providing financial support to state and local prosecutors, including but not
limited to the office of attorney general, for programs designed to reduce the incidence of
motor vehicle theft and insurance fraud.
(d) Conducting educational and public awareness programs designed to inform the
citizens of the state about methods of preventing motor vehicle theft and combating
insurance fraud.
C. All monies in the account shall be used only to enhance fraud prevention efforts
as determined by the board.
Acts 2004, No. 711, §1; Redesignated from R.S. 22:3204 by Acts 2008, No. 415, §1,
eff. Jan. 1, 2009; Acts 2010, No. 1013, §1, eff. July 1, 2010; Acts 2021, No. 114, §5, eff. July
1, 2022.