SLS 14RS-563 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, 2014
SENATE BILL NO. 335
BY SENATOR DONAHUE
FUNDS/FUNDING. Provides for the transfer, deposit, and use of certain state funds. (gov
sig)
AN ACT1
To enact Subpart R-2 of Part II-A of Chapter 1 of Subtitle I of Title 39 of the Louisiana2
Revised Statutes of 1950, to be comprised of R.S. 39:100.146, relative to state funds;3
to establish the Balanced Budget Support Fund as a special fund in the state treasury;4
to provide for the transfer, dedication, use, investment, and appropriation of certain5
funds in the state treasury; to provide for an effective date; and to provide for related6
matters.7
Be it enacted by the Legislature of Louisiana:8
Section 1. Subpart R-2 of Part II-A of Chapter 1 of Subtitle I of Title 39 of9
the Louisiana Revised Statutes of 1950, comprised of R.S. 39:100.146, is hereby10
enacted to read as follows:11
SUBPART R-2. BALANCED BUDGET SUPPORT FUND12
ยง100.146. Balanced Budget Support Fund13
A. The Balanced Budget Support Fund, hereinafter referred to as the14
"fund", is hereby created in the state treasury.15
B. The source of monies deposited into the fund shall be any monies16
appropriated annually by the legislature including donations, gifts, grants, or17 SB NO. 335
SLS 14RS-563 ORIGINAL
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
any other monies which may be provided by law. The monies in the fund shall1
be invested by the state treasurer in the same manner as monies in the state2
general fund, and interest earned on the investment of monies in the fund shall3
be deposited in and credited to the state general fund. Any unexpended and4
unencumbered monies in the fund at the end of the fiscal year shall remain in5
the fund. Monies in the fund shall be used or expended as provided by law.6
Section 2. This Act shall become effective upon signature by the governor or, if not7
signed by the governor, upon expiration of the time for bills to become law without signature8
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If9
vetoed by the governor and subsequently approved by the legislature, this Act shall become10
effective on the day following such approval.11
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Martha S. Hess.
DIGEST
Donahue (SB 335)
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 annually
by the legislature including donations, gifts, grants, or other monies as may be provided by
law.
Proposed law further provides that the 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. Any unexpended and
unencumbered monies in the fund at the end of the fiscal year shall remain in the fund.
Monies in the fund shall be used or expended as provided by law.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Adds R.S. 39:100.146)