Funds deposited with the department as guarantees by persons obtaining permits for the installation of the things described in R.S. 48:344 and 381 shall be forfeited to the department and credited to the Transportation Trust Fund if the permit terms remain unsatisfied or the deposit has not been claimed after the elapse of five years from the date of issuance of the permit.
R.S. 48:167 active rs title
Forfeiture of permit deposits to Transportation Trust Fund ACTIVE
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References
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History
- enactment Acts 1965, No. 62, §1
- amendment Acts 1977, No. 291, §1
- amendment Acts 1999, No. 897, §2, eff. July 2, 1999