SLS 15RS-246 ORIGINAL
2015 Regular Session
SENATE BILL NO. 160
BY SENATOR CHABERT
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
FISCAL CONTROLS. Provides for certain limitations on appropriations. (gov sig)
1 AN ACT
2 To amend and reenact R.S. 39:54(B)(3) and to enact R.S. 39:54(B)(4), relative to limitations
3 on appropriations; to provide for minimum appropriations relative to certain highway
4 construction projects; to provide for an effective date; and to provide for related
5 matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 39:54(B)(3) is hereby amended and reenacted and R.S. 39:54(B)(4)
8 is hereby enacted to read as follows:
9 ยง54. Limitations on appropriations
10 * * *
11 B. Appropriation of any money designated in the official forecast as
12 nonrecurring shall be made only in accordance with the following:
13 * * *
14 (3) At a minimum, fifteen percent of nonrecurring revenues shall be
15 appropriated for new highway construction for which federal matching funds
16 are available, without excluding highway projects otherwise eligible as capital
17 projects under other provisions of law.
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 160
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1 (4) After satisfying the requirements of Paragraphs (1), and (2), and (3) of
2 this Subsection, the remainder may be appropriated only for the following purposes:
3 (a) Retiring or defeasance of bonds in advance and in addition to the existing
4 amortization requirements of the state.
5 (b) Providing funding for capital outlay projects in the comprehensive state
6 budget.
7 (c) Providing for allocation or appropriation for deposit into the Coastal
8 Protection and Restoration Fund established in Article VII, Section 10.2 of the
9 Constitution of Louisiana.
10 (d) Providing for new highway construction for which federal matching funds
11 are available, without excluding highway projects otherwise eligible as capital
12 projects under other provisions of law.
13 * * *
14 Section 2. This Act shall become effective upon signature by the governor or, if not
15 signed by the governor, upon expiration of the time for bills to become law without signature
16 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
17 vetoed by the governor and subsequently approved by the legislature, this Act shall become
18 effective on the day following such approval.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Jay R. Lueckel.
DIGEST
SB 160 Original 2015 Regular Session Chabert
Present law provides for limitations on appropriations and specifically provides for the
appropriation of any money designated in the official forecast as nonrecurring.
Present law provides for spending nonrecurring monies as follows:
(1)At a minimum, twenty-five percent of nonrecurring revenue shall be appropriated for
deposit in the Budget Stabilization Fund.
(2)Providing for payments against the unfunded accrued liability of the public
retirement systems which are in addition to any payments required for the annual
amortization of the unfunded accrued liability of the public retirement systems.
(3)The remainder may be appropriated only for the following purposes:
(a)Retiring or defeasance of bonds in advance and in addition to the existing
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 160
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amortization requirements of the state.
(b)Providing funding for capital outlay projects in the comprehensive state
budget.
(c)Providing for allocation or appropriation for deposit into the Coastal
Protection and Restoration Fund established in Article VII, Section 10.2 of
the Constitution of Louisiana.
(d)Providing for new highway construction for which federal matching funds
are available, without excluding highway projects otherwise eligible as
capital projects under other provisions of law.
Proposed law retains present law except as it applies to new highway construction for which
federal matching funds are available. Proposed law adds new language relative to the
highway construction provisions which requires that at a minimum, fifteen percent of
nonrecurring revenues shall be appropriated for new highway construction for which federal
matching funds are available. The existing highway construction language in present law is
deleted.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 39:54(B)(3); adds R.S. 39:54(B)(4))
Page 3 of 3
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.