GREEN SHEET REDIGEST
HB 403 2017 Regular Session Henry
(KEYWORD, SUMMARY, AND DIGEST as amended by Senate committee
amendments)
FUNDS/FUNDING: Provides for the transfer, deposit, and use of monies among state
funds
DIGEST
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.
Proposed law, upon signature of the governor or lapse of time for gubernatorial action,
transfers $15,400,000 from the Department of Revenue Escrow Account to the
Overcollections Fund contingent upon the enactment of Senate Bill No. 180 of the 2017
Regular Session of the Louisiana Legislature.
Proposed law, upon signature of the governor or lapse of time for gubernatorial action,
transfers $18,660,000 when the Department 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 Louisiana Legislature and transfers the
amount paid in protest and held in escrow from the Department of Revenue to the
Overcollections Fund.
Proposed law, upon signature of the governor or lapse of time for gubernatorial action,
transfers $5,300,335 from the escrow account to the state treasury, and the state treasurer is
further authorized and directed to transfer $5,300,335 to the State Emergency Response
Fund.
Proposed law shall take effect and become operative if and when the Act which originated
as Senate Bill No. 232 of this 2017 Regular Session of the Legislature is enacted into law and
becomes effective.
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.
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Prepared by Benjamin A. Huxen, II. Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Finance to the engrossed
bill
1. Deletes provision requiring recurring state general fund revenues collected in
Fiscal Year 2017-2018 in excess of the Jan. 13, 2017, official forecast to be
deposited into the Overcollections Fund.
2. Adds provision to transfer $15,400,000 from the Department of Revenue Escrow
Account to the Overcollections Fund contingent upon the enactment of Senate
Bill No. 180 of the 2017 Regular Session of the Louisiana Legislature.
3. Adds provision to transfer $18,660,000 when the Department 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 Louisiana Legislature and transfers the amount paid in protest and
held in escrow from the Department of Revenue to the Overcollections Fund.
4. Adds provision to transfer $5,300,335 from the Department of Justice escrow
account to the state treasury, and authorizing and directing the state treasurer to
transfer $5,300,335 to the State Emergency Response Fund.
5. Adds provision that the proposed law shall take effect and become operative if
and when the Act which originated as Senate Bill No. 232 of this 2017 Regular
Session of the Legislature is enacted into law and becomes effective.
6. Changes provisions pertaining to effectiveness.
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Prepared by Benjamin A. Huxen, II.