DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 634 Original 2015 Regular Session Lambert
Abstract: Deposits excess mineral revenue into the Transportation Trust Fund when the Budget
Stabilization Fund has reached its capacity.
Present law (R.S. 39:94(A)(2)) requires certain mineral revenue over a base amount be deposited
into the Budget Stabilization Fund. Mineral revenue includes severance taxes, royalty payments,
bonus payments, or rentals, and excludes nonrecurring revenues and revenues derived from any tax
on the transportation of minerals. The current base amount under present law is $850 million.
Present law (R.S. 39:94(C)(4)(a)) prohibits deposits into the Budget Stabilization Fund if such
deposit would cause the balance of the fund to exceed 4% of the total state revenue receipts for the
previous fiscal year. State revenue receipts do not include monies from FEMA or other sources
providing disaster relief assistance.
Proposed law requires mineral revenue over the base amount to be deposited into the Transportation
Trust Fund if deposits into the Budget Stabilization Fund are prohibited under present law.
(Adds R.S. 48:77.1)