Louisiana 2017 2017 1st Special Session

Louisiana House Bill HCR2 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)]
HCR 2 Engrossed 2017 First Extraordinary Session	McFarland
Provides legislative consent to make available for appropriation from the Budget Stabilization Fund
the sum of $74,645,508, due to the reduction of the Fiscal Year 2016-2017 official forecast in the
amount of $340.5 Million as adopted by the Revenue Estimating Conference at its meeting on Jan.
13, 2017, resulting in the second mid-year deficit for the current fiscal year, and presented to and
recognized by the Joint Legislative Committee on the Budget at its meeting on Jan. 27, 2017.
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Appropriations to the original
bill:
1. Changes the amount available from appropriation from the Budget Stabilization Fund
from $50,000,000 to $74,645,508.