The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Jay Lueckel.
DIGEST
Proposed law provides for legislative intent that to properly track and assess the impact of
legislation over time, it is necessary to periodically evaluate the extent to which fiscal impacts
have changed from the original estimate.
Proposed law provides that Each public postsecondary education management board shall
annually conduct a review to identify any legislation which has been enacted in the prior year that
affects the board or the institutions under its control and has a fiscal impact which has increased
by the amount of one million dollars or more over the amount of the fiscal note as the bill was
enacted. Each management board shall compile the report and submit the report to the Board of
Regents by September 30 of each year. The report shall be in a manner as prescribed by the Joint
Legislative Committee on the Budget and shall be accompanied by such other information as the
committee may require.
Proposed law provides that beginning October 1, 2013, and each year thereafter, the Board of
Regents shall review the reports of legislation with significant fiscal impact submitted by the
various public postsecondary education management boards. After the Board of Regents has
performed its review of the reports submitted by the management boards, the reports shall be
submitted to the Joint Legislative Committee on the Budget by October 30 of each year.
Proposed law provides that upon receipt of the reports from the various departments within the
executive branch of state government, the Joint Legislative Committee shall transmit the reports
to the legislative fiscal office for review and analysis. The legislative fiscal office shall review
the reports and perform any additional analysis of the reports that is necessary to provide an
accurate actual estimate as compared to the fiscal note as the bill was enacted.
Proposed law provides that the reports required to be submitted shall be in a manner as
prescribed by the chairman of the Joint Legislative Committee on the Budget and shall be
accompanied by such other information as the chairman may require. At a minimum, the report
shall present the differences between the original estimate as the bill was enacted and the actual
current estimate of revenues or expenditures. Depending upon the scope of the original
legislation, the comparisons between the enacted fiscal note and the actual amounts shall include
but not be limited to tax increases, decreases, fee increases and repeals, tax exemptions,
suspensions, credits, rebates, exclusions, deductions, among others.
Proposed law further provides that the committee shall hold a public hearing, and no later than
February 1 of each year, the committee shall report its findings and shall transmit copies of the
final report to the governor, the president of the Senate, the speaker of the House of
Representatives, and distribute a copy to each member of the legislature. Proposed law provides that each undersecretary shall identify any legislation which has been
enacted in the prior year that affects the department, agencies, or other entities under its control
and has a fiscal impact which has increased by the amount of one million dollars or more over
the amount of the fiscal note as the bill was enacted. Each undersecretary shall compile the
report and submit it to the department secretary. The report shall be in a manner prescribed by
the Joint Legislative Committee on the Budget and shall be accompanied by such other
information as the committee may require. The secretary shall review the report and submit the
report to the commissioner of administration no later than September 30 of each year.
Effective July 1, 2013; if vetoed by the governor and subsequently approved by the legislature,
this Act shall become effective on July 1, 2013, or on the day following such approval by the
legislature, whichever is later.
(Adds R.S. 17:3130(C) and 3351(F), R.S. 24:653(L), and R.S. 36:8(A)(6))