SLS 14RS-555 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, 2014
SENATE BILL NO. 109
BY SENATOR ADLEY
FISCAL CONTROLS. Removes authority to reduce deposits to Transportation Trust Fund
and Transportation Mobility Fund in certain circumstances. (gov sig)
AN ACT1
To repeal R.S. 48:77(C), relative to the dedication of revenues to transportation related2
matters; to remove the authority to reduce deposits into the Transportation Trust3
Fund and the Transportation Mobility Fund in certain circumstances; to provide for4
an effective date; and to provide for related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 48:77(C) is hereby repealed.7
Section 2. This Act shall become effective upon signature by the governor or, if not8
signed by the governor, upon expiration of the time for bills to become law without signature9
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If10
vetoed by the governor and subsequently approved by the legislature, this Act shall become11
effective on the day following such approval.12
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Martha S. Hess.
DIGEST
Adley (SB 109)
Present law provides for the deposit of the tax on the sale, use, lease or rental, the
distribution, the consumption, and the storage of motor vehicles into the Transportation Trust SB NO. 109
SLS 14RS-555 ORIGINAL
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Fund and the Transportation Mobility Fund.
Present law provides that if a deficit for the current fiscal year is projected due to a decrease
in the official forecast of the Revenue Estimating Conference, the treasurer is directed to
reduce the deposits by an amount equal to the amount of the projected deficit less the amount
which is authorized to be appropriated from the Budget Stabilization Fund as provided in
Article VII, Section 10.3(C)(2) of the Constitution of Louisiana. Deposits to the fund shall
be reduced until such time as the official forecast of the Revenue Estimating Conference
equals or exceeds the official forecast in effect prior to the projected deficit at which time
the reduction shall cease. Further, any reduction in deposits for any fiscal year shall be made
on a pro rata basis for all purposes as provided in present law.
Proposed law repeals present law regarding the reduction of deposits into the Transportation
Trust Fund and the Transportation Mobility Fund in the event of a deficit.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Repeals R.S. 48:77(C))