The section creates a Motor Carrier Regulation Dedicated Fund Account and sets rules for how money in it must be deposited, administered, spent, invested, and recovered.
§169.1. Motor Carrier Regulation Dedicated Fund Account A.(1) All monies recovered by the transportation division of the Public Service Commission, by the collection of intrastate application, registration, and permit fees, and fines collected from penalties, shall be deposited into the state treasury and shall be credited to the Bond Security and Redemption Fund. After satisfaction of the requirements of the Bond Security and Redemption Fund, the treasurer shall deposit into the special statutorily dedicated fund account, hereby created in the state treasury and designated as the "Motor Carrier Regulation Dedicated Fund Account", an amount equal to one hundred percent of the total sums recovered as provided in R.S. 45:168 and 169. Monies deposited into this 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. (2) The Motor Carrier Regulation Dedicated Fund Account, hereinafter referred to in this Section as the "carrier account", shall additionally consist of all funds received by donation, grant, gift, or otherwise from any source and sums appropriated specifically to it by the legislature for increased regulatory enforcement of motor carriers. B. The director of the transportation division of the Public Service Commission shall administer the carrier account and shall make disbursements from the carrier account for all necessary and appropriate expenditures. C.(1) The monies in the carrier account shall be used to defray the cost of regulation of the intrastate motor carrier industry, specifically by the transportation division of the Public Service Commission. (2) Monies in the carrier account shall be available to increase manpower and physical support for regulation of the intrastate motor carrier industry. (3) Monies in the carrier account shall be invested by the state treasurer in the same manner as are monies in the state general fund. All interest earned on carrier account money invested by the state treasurer shall be deposited into the state general fund. D. In any cases where monies from the carrier account are expended in the prosecution of any violation of this Chapter, the attorney general shall institute a civil action to recover from the responsible person all such monies expended from the carrier account. Any monies so recovered shall be paid into the carrier account as provided by this Section. Acts 1956, No. 120, §1. Acts 1984, No. 819, §1; Acts 1992, No. 871, §1, eff. July 1, 1993; Acts 2007, No. 108, §1; Acts 2008, No. 724, §2, eff. July 6, 2008; Acts 2021, No. 114, §11, eff. July 1, 2022.