§1705. Poverty Point Reservoir Development Dedicated Fund Account
A. The Poverty Point Reservoir Development Dedicated Fund Account, hereinafter
referred to as the "account", is hereby established as a special dedicated fund account within
the state treasury. 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. After satisfaction of the requirements of Article VII, Section 9(B) of the
Constitution of Louisiana with respect to the Bond Security and Redemption Fund, the state
treasurer shall each year deposit in and credit to the account an amount equal to the total fees
and self-generated revenues collected in that year from activities of the Poverty Point
Retirement Development Community and the Black Bear Golf Course. Monies in the
account may be appropriated for support of the operation, maintenance, improvement, and
expansion of the Poverty Point Retirement Development Community and the Black Bear
Golf Course. Any unexpended or unencumbered monies on deposit in the account at the end
of the fiscal year shall remain in the account. Monies in the account shall beinvested in the
same manner as those in the state general fund and interest earned on such investment shall
be deposited in and credited to the state general fund.
C. The Poverty Point Reservoir Development District Board membership shall be
representative of the population of the state based on race and gender as near as practicable.
Acts 2006, No. 357, §1, eff. June 13, 2006; Acts 2021, No. 114, §16, eff. July 1,
2022.