ENROLLED
ACT No. 656
2016 Regular Session
HOUSE BILL NO. 257
BY REPRESENTATIVE IVEY
1 AN ACT
2 To amend and reenact R.S. 39:94(C)(4)(b), relative to the Budget Stabilization Fund; to
3 except deposits in excess of the expenditure limit from the suspension of required
4 deposits into the Budget Stabilization Fund; to provide for an effective date; and to
5 provide for related matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 39:94(C)(4)(b) is hereby amended and reenacted to read as follows:
8 ยง94. Budget Stabilization Fund
9 * * *
10 C. The money in the fund shall not be available for appropriation except
11 under the following conditions:
12 * * *
13 (4)
14 * * *
15 (b) Notwithstanding any provision of this Section to the contrary, except
16 pursuant to a specific appropriation by the legislature, Paragraph (A)(1) of this
17 Section, or the annual deposit required by Paragraph (A)(3) of this Section, no
18 appropriation or deposit to the fund shall be made in the same fiscal year as an
19 appropriation, use or withdrawal is made from the fund or until such time as the
20 official forecast exceeds the actual collections of state general fund (direct) revenue
21 for Fiscal Year 2008. The provisions of this Subparagraph shall be null, void, and
22 of no effect on July 1, 2017.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HB NO. 257 ENROLLED
1 Section 2. This Act shall become effective upon signature by the governor or, if not
2 signed by the governor, upon expiration of the time for bills to become law without signature
3 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
4 vetoed by the governor and subsequently approved by the legislature, this Act shall become
5 effective on the day following such approval.
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.