Establishes the State Budget Authority Shortfall Trust for exclusive use by agencies who experience budget shortfalls during the course of the fiscal year (OR SEE FISC NOTE SD EX)
Prohibits the Dept. of Transportation and Development from using Transportation Trust Fund monies for certain expenses (OR +$54,690,000 GF EX See Note)
Reduces the severance tax rate for oil over a certain period of time, clarifies the severance tax rate for oil produced from certain incapable wells, and authorizes the reduction of the severance tax rate on natural gas (RE DECREASE GF RV See Note)
To rededicate a portion of certain sales and use taxes levied in East Baton Rouge Parish to fund the office of the East Baton Rouge Parish Public Defender (OR SEE FISC NOTE SD EX)