SLS 13RS-462 ORIGINAL
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2013
SENATE BILL NO. 224
BY SENATOR ALARIO
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
FUNDS/FUNDING. Provides relative to special funds in the state treasury. (8/1/13)
AN ACT1
To enact R.S. 39:100.22, relative to special treasury funds; to establish the Fiscal2
Management Fund as a special fund in the state treasury; to provide for the transfer,3
dedication, use, investment, and appropriation of the fund; to provide for an effective4
date; and to provide for related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 39:100.22 is hereby enacted to read as follows:7
ยง100.22. Fiscal Management Fund8
The Fiscal Management Fund, hereinafter referred to as the "fund", is9
hereby created in the state treasury. The source of monies deposited into the10
fund shall be any money appropriated by the legislature including donations,11
gifts, grants, or any other monies as may be provided by law. The money in the12
fund shall be invested in the same manner as monies in the state general fund.13
Interest earned on the investment of monies in the fund shall be deposited in14
and credited to the state general fund. Monies in the fund shall be appropriated15
and expended to support fiscal initiatives as provided by law. All unexpended16
and unencumbered monies in the fund at the end of the fiscal year shall remain17 SB NO. 224
SLS 13RS-462 ORIGINAL
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
in the fund.1
Section 2. This Act shall become effective upon signature by the governor or, if not2
signed by the governor, upon expiration of the time for bills to become law without signature3
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If4
vetoed by the governor and subsequently approved by the legislature, this Act shall become5
effective on the day following such approval.6
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Martha S. Hess.
DIGEST
Proposed law establishes the Fiscal Management Fund as a special treasury fund. Provides
that any money appropriated or transferred to the fund shall be deposited into the fund.
Provides monies in the fund shall be invested in the same manner as monies in the state
general fund and interest earned on the investment of monies in the fund shall be deposited
in and credited to the state general fund. Unexpended and unencumbered monies in the fund
at the end of the fiscal year shall remain in the fund.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Adds R.S. 39:100.22)