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 403 Engrossed 2017 Regular 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 $25 million into the Budget Stabilization Fund from the state general fund.
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.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 39:100.21)
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Appropriations to the original
bill:
1. Add provisions depositing FY 2017-2018 revenues in excess of the Jan. 13, 2017,
official forecast into the Overcollections Fund and limits their appropriation to
nonrecurring purposes.