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)]
HCR 1 Reengrossed 2017 First Extraordinary Session Barras
Directs the treasurer to immediately begin procedures necessary to implement development of a
process to allocate money deposited into the state treasury from constitutional and statutory
dedications that flow through the Bond Security and Redemption Fund for the purpose of paying
debt service beginning in Fiscal Year 2017-2018.
Requires that the process implemented be limited to funds in which the constitutional or statutory
authority for the fund includes a requirement that deposits into the fund flow through the Bond
Security and Redemption Fund.
Requires the treasurer to prepare a report to the legislature describing the process to allocate the
deposits from dedications that flow through the Bond Security and Redemption Fund prior to the
2017 R.S. of the Legislature.
Summary of Amendments Adopted by House
The House Floor Amendments to the engrossed bill:
1. Provides that the process implemented be limited to funds in which the constitutional or
statutory authority for the fund includes a requirement that deposits into the fund flow
through the Bond Security and Redemption Fund.
2. Requires the treasurer to prepare a report to the legislature describing the process to
allocate the deposits from dedications that flow through the Bond Security and
Redemption Fund prior to the 2017 R.S. of the Legislature.