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 4 Engrossed 2017 Second Extraordinary Session Henry
Abstract: Provides for the transfer, deposit, and use of monies among state funds.
FUNDS TRANSFERS
Proposed law, effective upon signature of the governor or lapse of time for gubernatorial action,
transfers the following:
(1) $25 million into the Budget Stabilization Fund from the state general fund.
(2) $15,400,000 into the Overcollections Fund from the Dept. of Revenue Escrow Account
contingent on the enactment of Senate Bill No. 180 of the 2017 Regular Session of the
Legislature.
(3) $18,660,000 into the Overcollections Fund from the Dept. of Revenue Escrow Account when
the Dept. of Revenue prevails in the suit, appeal, or petition associated with the legislative
instrument which originated as House Concurrent Resolution No. 8 of the 2015 Regular
Session of the Legislature.
Proposed law, effective July 1, 2017, transfers $7,582,927 into the Self-Insurance Fund from the
Future Medical Care Fund.
OVERCOLLECTIONS FUND - EFFECTIVE JULY 1, 2017
Present law establishes the Overcollections Fund as a special treasury fund.
Proposed law requires recurring state general fund revenues collected in Fiscal Year 2017-2018 in
excess of the Jan. 13, 2017, official forecast be deposited into the Overcollections Fund. Further
requires the deposits to be appropriated for the purposes specified in present constitution for
nonrecurring revenues.
(Amends R.S. 39:100.21)