Louisiana 2017 2017 2nd Special Session

Louisiana House Bill HB5 Comm Sub / Analysis

                    RÉSUMÉ DIGEST
ACT 2 (HB 5) 2017 Second Extraordinary Session Henry
Appropriates supplemental funding and provides for means of financing substitutions and
other budgetary adjustments for FY 2016-2017.  Provides for net increases (decreases) as
follows:  State General Fund (Direct) no change; Interagency Transfers by $8,432,766; Fees
& Self-generated Revenues by $64,184,768, Statutory Dedications by $54,356,502, and
Federal Funds by $3,945,903.  Also nullifies $17,000,000 in State General Fund (Direct)
appropriations contained in Act 17 of the 2016 R. S. of the Legislature from money paid in
protest and held in escrow. 
Make supplemental changes to Capital Outlay Act increasing Interagency Transfers by
$1,940,000 and Fees and Self-generated Revenues by $13,250,000 and spending $5,000,000
of interest earnings. 
Effective upon signature of governor (June 23, 2017).