House Bill No. [insert number] proposes the creation of the Marine Finfish Stock Enhancement Fund within the Conservation Fund of Louisiana. This fund is specifically designated for the conservation, restoration, and enhancement of the red drum fish population. Authorized uses of the fund include activities such as the purchase, transportation, tagging, release, and monitoring of red drum, as well as genetic testing, hatchery production, stocking efforts, and academic research. The bill stipulates that any appropriations, grants, gifts, or donations received for these purposes will be credited to the fund.

Additionally, the bill outlines that the funds will be managed in accordance with existing requirements for state funds, with the state treasurer responsible for investing the money similarly to the state general fund. Interest earned on the fund will also be credited back to it, and any unspent or unencumbered funds at the end of the fiscal year will remain available for future use. This legislation aims to enhance the management and sustainability of the red drum population in Louisiana's waters.