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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 ENROLLED
SENATE BILL NO. 88
BY SENATOR ALARIO
AN ACT1
To enact R.S. 49:191(7) and to repeal R.S. 49:191(5)(a), relative to the Department of the2
Treasury, including provisions to provide for the re-creation of the Department of the3
Treasury and the statutory entities made a part of the department by law; to provide4
for the effective termination date for all statutory authority for the existence of such5
statutory entities; and to provide for related matters.6
Be it enacted by the Legislature of Louisiana:7
Section 1. Pursuant to R.S. 49:193, the Department of the Treasury and the statutory8
entities made a part of the department by law shall be re-created effective June 30, 2014, and9
all statutory authority therefore is continued in accordance with the provisions of Part XII10
of Chapter 1 of Title 49 of the Louisiana Revised Statutes of 1950.11
Section 2. All statutory authority for the existence of the Department of the Treasury12
and the statutory entities made a part of the department as re-created by Section 1 of this Act13
shall cease as of July 1, 2019, pursuant to R.S. 49:191. However, the Department of the14
Treasury may be re-created prior to such date in accordance with the provisions of Part XII15
of Chapter 1 of Title 49 of the Louisiana Revised Statutes of 1950.16
Section 3. The provisions of R.S. 49:193 are hereby superseded to the extent that17
those provisions are in conflict with the provisions of this Act.18
Section 4. R.S. 49:191(7) is hereby enacted to read as follows:19
ยง191. Termination of legislative authority for existence of statutory entities; phase-20
out period for statutory entities; table of dates21
Notwithstanding any termination dates set by any previous Act of the22
legislature, the statutory entities set forth in this Section shall begin to terminate their23
operations on July first of each of the following years, and all legislative authority24
for the existence of any statutory entity, as defined in R.S. 49:190, shall cease as of25
ACT No. 446 SB NO. 88 ENROLLED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
July first of the following year, which shall be the termination date:1
* * *2
(7) July 1, 2018:3
The Department of the Treasury and all statutory entities made a part4
of the department by law.5
Section 5. R.S. 49:191(5)(a) is hereby repealed in its entirety.6
Section 6. This Act shall become effective on June 30, 2014; if vetoed by the7
governor and subsequently approved by the legislature, this Act shall become effective on8
June 30, 2014, or on the day following such approval by the legislature, whichever is later.9
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: