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 657 Original 2016 Regular Session Schroder
Abstract: Increases the amount of appropriations that can be reduced and transferred to a fund with
a projected deficit from 5% to 10% and specifies that the reduction of appropriated fees and
self-generated revenues for transfer to a fund with a projected deficit.
Present law provides for a procedure for adjusting appropriations if there is a projected deficit in any
fund.
Present law provides for adjustment to appropriations, and transfer of monies to the fund in a
projected deficit, with the approval of the Joint Legislative Committee on the Budget, not to exceed
5%, when state general fund appropriations have been reduced in an aggregate amount of 7/10 of
1%.
Present law further authorizes the legislature to make adjustments to appropriations, and transfer
monies to the fund in a projected deficit, not to exceed 5% when the official forecast of recurring
revenues for the next fiscal year is at least 1% less than the official forecast for the current fiscal
year.
Proposed law changes the amount that such adjustments can not exceed from 5% to 10%.
Proposed law further specifies that appropriated fees and self-generated revenues may be reduced
and transferred in the event of a projected deficit.
Effective if and when the proposed amendment of Article VII, Section 10 of the Constitution of La.
contained in the Act which originated as House Bill No. _ of this 2016 R.S. of the Legislature is
adopted at a statewide election and becomes effective.
(R.S. 39:75(C)(2)(b) and (E)(1) and (2))