§1513.2. Louisiana Works administration account
A. Louisiana Works administration account is hereby created in the Employment
Security Administration Fund. Proceeds and interest earnings of the special assessment held
for the purposes of adjusting special assessments and refunding special assessment
overpayments to employers and which are not encumbered by June 30, 1997, shall be paid
into this account and shall be available to the secretary on July 1, 1997, for the exclusive use
by and for the administration of Louisiana Works regardless of the date at which time such
monies are expended.
B. Said monies shall at no time be considered part of the unemployment
compensation fund and shall not be expended or available for expenditure in any manner
which would permit their substitution for, or a corresponding reduction in, federal funds
which in the absence of said monies would be available to the department for the
administration of this Title; however, nothing in this Section shall prevent said monies from
being used as a revolving account to cover expenditures necessary and proper under the law
for which federal funds have been duly requested, but not yet received, subject to the
charging of such expenditures against such funds when received.
Acts 1997, No. 1114, §1, eff. July 14, 1997; Acts 2008, No. 743, §7, eff. July 1, 2008.