SLS 13RS-168 ORIGINAL
Page 1 of 2
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. 226
BY SENATOR ALARIO
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
FUNDS/FUNDING. To provide relative to special funds in the state treasury. (gov sig)
AN ACT1
To enact R.S. 39:100.22, relative to special treasury funds; to establish the Balanced Budget2
Support 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. Balanced Budget Support Fund8
The Balanced Budget Support Fund, hereinafter referred to as the9
"fund", is hereby created in the state treasury. The source of monies deposited10
into the fund shall be any monies appropriated by the legislature including11
donations, gifts, grants, or any other monies as may be provided by law. Monies12
in the fund shall be used or expended as provided by law. Monies in the fund13
shall be invested in the same manner as monies in the state general fund.14
Interest earned on the investment of monies in the fund shall be deposited in15
and credited to the state general fund. Any unexpended and unencumbered16
monies in the fund at the end of the fiscal year shall remain in the fund.17 SB NO. 226
SLS 13RS-168 ORIGINAL
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Section 2. This Act shall become effective upon signature by the governor or, if not1
signed by the governor, upon expiration of the time for bills to become law without signature2
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If3
vetoed by the governor and subsequently approved by the legislature, this Act shall become4
effective on the day following such approval.5
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Martha S. Hess.
DIGEST
Proposed law creates the Balanced Budget Support Fund in the state treasury and provides
that the source of monies deposited into the fund shall be any monies appropriated by the
legislature including donations, gifts, grants, or other monies as may be provided by law.
Monies in the fund shall be used or expended as provided by law.
Proposed law further provides that monies in the fund shall be invested in the same manner
as monies in the state general fund. Interest earned on investment of monies in the fund shall
be deposited in and credited to the state general fund. Any 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)