Louisiana 2013 2013 Regular Session

Louisiana Senate Bill SB224 Comm Sub / Analysis

                    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)