HLS 10RS-2240 ENGROSSED Page 1 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Regular Session, 2010 HOUSE BILL NO. 1306 BY REPRESENTATIVE DOWNS FUNDS/FUNDING: Requires fifty percent of nonrecurring revenues be allocated to the highway priority program AN ACT1 To amend and reenact R.S. 39:34(B)(1) and 54(B)(1), relative to budgetary controls; to2 require a percentage of nonrecurring revenue be appropriated for highway3 construction according to the priority of projects determined by the Department of4 Transportation and Development; and to provide for related matters.5 Be it enacted by the Legislature of Louisiana:6 Section 1. R.S. 39:34(B)(1) and 54(B)(1) are hereby amended and reenacted to read7 as follows: 8 §34. Executive budget9 * * *10 B. The executive budget recommendations for appropriations of any money11 designated in the official forecast as nonrecurring shall be made only in accordance12 with the following:13 (1)(a) At a minimum, twenty-five percent of nonrecurring revenue shall be14 reserved for appropriation to the Budget Stabilization Fund. The governor may also15 recommend reserving nonrecurring revenue in excess of twenty-five percent for16 appropriation to the Budget Stabilization Fund.17 (b) At a minimum, fifty percent of nonrecurring revenue shall be reserved18 for appropriation to the Department of Transportation and Development for highway19 HLS 10RS-2240 ENGROSSED HB NO. 1306 Page 2 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. construction. Such appropriations shall be subject to the provisions of R.S. 48:229,1 231, and 232.2 * * *3 §54. Limitations on appropriations4 * * *5 B. Appropriation of any money designated in the official forecast as6 nonrecurring shall be made only in accordance with the following:7 (1)(a) At a minimum, twenty-five percent of nonrecurring revenue shall be8 appropriated for deposit in the Budget Stabilization Fund.9 (b) At a minimum, fifty percent of nonrecurring revenue shall be10 appropriated to the Department of Transportation and Development for highway11 construction. Such appropriations shall be subject to the provisions of R.S. 48:229,12 231, and 232.13 * * *14 DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] Downs HB No. 1306 Abstract: Requires 50% of nonrecurring revenue be appropriated for highway construction. Such appropriations shall be subject to present law regarding the priority program. Present law restricts the use of revenue designated as nonrecurring for the following purposes: (1)At a minimum, 25% shall be appropriated for deposit in the Budget Stabilization Fund (the Rainy Day Fund). (2)Retiring or defeasance of bonds in advance and in addition to the existing amortization requirements of the state. (3)Additional payments against the unfunded accrued liability of the public retirement systems. (4)Funding for capital outlay projects in the comprehensive state budget. (5)Deposit into the Wetlands Conservation and Restoration Fund. (6)New highway construction for which federal matching funds are available. HLS 10RS-2240 ENGROSSED HB NO. 1306 Page 3 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Proposed law requires 50% of revenue designated as nonrecurring be appropriated to the Dept. of Transportation and Development (DOTD) for highway construction. Specifies that such appropriations shall be subject to present law governing the fixing of priorities by DOTD and the allocation of appropriations among the several highway classifications. (Amends R.S. 39:34(B)(1) and 54(B)(1))