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)] CONFERENCE COMMI TTEE REPORT DIGEST House Bill No. 437 by Representative Harris Keyword and oneliner of the instrument as it left the House BUDGETARY CONTROLS: Provides with respect to the development of the budget Report adopts Senate amendments to: 1. Delete the proposed provision that the state treasurer certify the balance of any fund supporting appropriations estimated by the conference. 2. Change the proposed requirement of the conference's designation of nonrecurring funds from "shall" designate funds not available for three consecutive fiscal years as nonrecurring to "may" designate money not available for the preceeding two fiscal years or the succeeding tow fiscal years as nonrecurring. Report rejects Senate amendments which would have: 1. Added that financing for appropriations using prior year funds shall only be authorized in the amounts remaining after the satisfaction of the remission of cash balances to the state treasurer, the liquidation of any bona fide liabilities, and authorized withdrawals after the close of the fiscal year as provided for by law. 2. Made the provisions of proposed law null, void, and of no effect on June 30, 2015. Report amends the bill to: 1. Require that financing for any appropriation from statutorily dedicated funds shall be limited to the prior year fund balance and shall not include anticipated fund balances for the ensuing year unless otherwise provided by law. 2. Delete the section of the bill which would make the bill take effect only if other House Bills were enacted into law. Digest of the bill as proposed by the Conference Committee REVENUE ESTIMATING CONFERENCE Present law sets forth requirements relative to the expenditure of state funds and establishes the Revenue Estimating Conference (REC) to prepare and publish initial and revised estimates of money to be received by the state general fund and dedicated funds for the current and next fiscal years which are available for appropriation, the most recent of which is called the official forecast. In each estimate, the REC must also designate money as nonrecurring. Money not designated as nonrecurring is designated recurring. Proposed law retains present law and adds that the REC shall include a forecast of all funds as defined in Art. VII, ยง10(J) of the Const. of La., with an estimate of money available for appropriation from each dedicated fund. Proposed law also provides that the REC may designate as nonrecurring, money available for appropriation from any source that is defined in present law (R.S. 39:2(27)) as nonrecurring. (R.S. 39:24 (A)) EXECUTIVE BUDGET Present law requires the governor to prepare an executive budget to include recommendations for appropriations from the state general fund and dedicated funds which shall not exceed the official forecast of the REC. Proposed law retains present law and provides that the executive budget shall not include recommendations for appropriations from any fund in excess of the official forecast of money available for appropriation from that fund. (R.S. 39:34(A)) APPROPRIATION BILLS Present law requires, after submitting his executive budget, that the governor then cause to be introduced a General Appropriation Bill (GAB) for the ordinary operating expenditures in conformity with the budget estimate. Proposed law retains this provision and provides that the general appropriation bill and other appropriation bills shall not appropriate any funds which are not part of the official REC forecast. (R.S. 39:51(A)) EXPENDITURE OF STATE FUNDS Present law provides that appropriations from the state general fund and dedicated funds shall not exceed the official forecast. Proposed law retains present law and also specifies that unless otherwise provided by present law permitting the use and transfer of funds to avoid a projected deficit, the amount appropriated out of any fund shall not exceed the official forecast of money available for appropriation from that fund. Proposed law further provides that financing for any appropriation from statutorily dedicated funds shall be limited to the prior fiscal year fund balance and shall not include anticipated fund balances for the ensuing fiscal year unless otherwise provided by law. (R.S. 39:54(A)) Effective July 1, 2013. (Amends R.S. 39:24(A), 34(A), 51(A), and 54(A))