LA HB1187

Defines "excess emergency assessment monies" as funds from emergency assessments levied by Louisiana Citizens Property Insurance Corporation that are no longer needed to pay bonds or other related indebtedness

Directs excess emergency assessment monies to be transferred to the Louisiana Fortify Homes Program Fund after all associated bonds and debts are paid in full or defeased

Requires the corporation's governing board to adopt a certification resolution within 90 days confirming debt obligations are satisfied and specifying the amount of excess funds available for transfer

Allows the corporation to deduct reasonable, documented administrative costs for determining excess amounts, supporting certification, and completing transfers, subject to board approval

Mandates reporting to House and Senate insurance committees and public posting of the board resolution and a transfer report within 60 days detailing amounts transferred, administrative costs, and transfer date