§100.252. Louisiana Transportation Infrastructure Fund

            A. There is hereby established in the state treasury, as a special fund, the Louisiana Transportation Infrastructure Fund, hereinafter referred to in this Section as the "fund".

            B. Any money transferred, donated, or appropriated to the fund by the legislature shall be deposited into 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.

            C. All unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund. The monies in the fund shall be invested by the state treasurer in the same manner as monies in the state general fund, and interest earned on the investment of monies in the fund shall be credited to the fund.

            D. The monies in the fund shall be utilized for the following:

            (1) The amount of two hundred eighty-five million seven hundred fifteen thousand one hundred dollars shall be utilized in the Highway Priority Program.

            (2) The amount of twenty-five million dollars shall be used for road transfer needs identified by the Department of Transportation and Development.

            (3) The remaining monies in the fund shall be used solely for initiatives associated with transportation infrastructure and capital outlay projects.

            Acts 2024, No. 723, §3, eff. June 19, 2024.