Louisiana 2016 2016 Regular Session

Louisiana House Bill HB404 Comm Sub / Analysis

                    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 404 Original	2016 Regular Session	Broadwater
Abstract:  Limits appropriations from the state general fund (direct) recurring money to 98% of the
official forecast.
Present law requires that recommendations for appropriations in the executive budget for the ensuing
fiscal year from the state general fund and dedicated funds shall not exceed the official forecast of
the Revenue Estimating Conference.
Proposed law retains present law and additionally requires that, beginning with the executive budget
for FY 2017-2018, recommendations for appropriations from the state general fund (direct) of
recurring money shall not exceed 98% of the official forecast of the Revenue Estimating Conference
of recurring state general fund (direct) for that fiscal year. 
Present law requires that appropriations by the legislature from the state general fund and dedicated
funds shall not exceed the official forecast in effect at the time the appropriation is made.
Proposed law retains present law and additionally requires that, for each fiscal year beginning with
FY 2017-2018,  appropriations from the state general fund (direct) shall not exceed 98% of the
official forecast of recurring state general fund (direct) for that fiscal year in effect at the time the
appropriations are made.
(Adds R.S.39:34(F) and 54(E))