Louisiana 2015 2015 Regular Session

Louisiana House Bill HR117 Comm Sub / Analysis

                    BE IT FURTHER RESOLVED that this Resolution shall become effective on
January 1, 2016.
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)]
HR 117 Engrossed	2015 Regular Session	Talbot
Abstract:  Provides that the motion for final passage, to concur in Senate amendments, or to adopt
a conference committee report on the Capital Outlay Bill is not in order unless the amount
of new funding for the projects contained within the Capital Outlay Bill is equal to or less
than the amount of financing available to fund such projects.
Proposed House Rule provides that the motion for final passage of the Capital Outlay Bill, a motion
to concur in Senate amendments to the Capital Outlay Bill, or a motion to adopt a conference
committee report on the Capital Outlay Bill shall not be in order unless the amount of new funding
for the projects contained within the bill is equal to or less than the amount of financing available
to fund such projects.
Proposed House Rule provides that the amount of financing available to fund projects contained
within the Capital Outlay Bill shall be equal in amount to the general obligation bond cash line of
credit capacity as provided in present law (R.S. 39:112(F)) plus an amount equal to 10% of such
capacity.  (Present law (R.S. 39:112(F)) provides that the general obligation bond cash line of credit
capacity is limited to $200 million annually adjusted for construction inflation from 1994.  Provides
that the limit shall only be raised by a favorable vote of 2/3rds of the elected members of each house
of the legislature.  Note: Current capacity is $370 million.)
Proposed House Rule provides that a motion to suspend the provisions of the proposed House Rule
shall be a debatable motion.
Effective January 1, 2016.
(Adds House Rule 7.20)
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on House and Governmental
Affairs to the original resolution:
1. Change "amount of funding required for the projects contained within the bill" to
"amount of new funding for the projects contained within the bill".
2. Add effective date of January 1, 2016.