NOTE: §301 eff. until if and when the proposed amendment of Article VII and Article IX
of the Constitution of Louisiana contained in Act No. 199 of the 2023 Regular Session of the
Legislature is adopted at a statewide election and becomes effective. See Acts 2023, No. 345.
CHAPTER 5. LOUISIANA INVESTMENT FUND
FOR ENHANCEMENT
§301. Policy and purpose
It is the determination of the legislature that the production of natural resources, more
particularly oil and gas, will within the years to come, decline steadily, and that the revenues
generated by these resources will decline as well, thereby decreasing the amount of funds
which the state shall have to operate and carry out the functions which it has been assigned
to accomplish. In order to preserve the benefits of these natural resources for future
generations and to prevent the wasteful expenditures of revenues produced from these natural
resources and to prevent in the future a situation wherein the citizens of the state will be
unduly burdened with excessive taxes, it is the purpose of this Chapter, to provide the
establishment of a trust fund into which the revenues from the oil and gas production of the
state shall be deposited and shall remain, to be invested by the treasurer of the state as
provided by law, and the interest thereon made available to the general fund to be used for
the operation of the state.
NOTE: §301 as repealed if and when the proposed amendment of Article VII and Article
IX of the Constitution of Louisiana contained in Act No. 199 of the 2023 Regular Session
of the Legislature is adopted at a statewide election and becomes effective. See Acts 2023,
No. 345.
§301. Repealed by Acts 2023, No. 345, §2, see Act.
Added by Acts 1979, No. 577, §1; Acts 1979, No. 791, §1, eff. July 18, 1979; Acts
2023, No. 345, §2, see Act.