Louisiana 2017 2017 Regular Session

Louisiana House Bill HB443 Comm Sub / Analysis

                    Do you support an amendment to provide greater independence for the state inspector
general by dedicating a minimum level of funding to the office of the state inspector
general and the activities of that office? (Adds Article VII, Section 10.17)
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 443 Engrossed	2017 Regular Session	Stokes
Abstract:  Dedicates specified sales tax revenue to funding the office of the state inspector general.
Proposed constitutional amendment creates the Inspector General Fund in the state treasury and
dedicates $2 million adjusted annually for inflation of annual sales tax revenue to the fund. Requires
that money in the fund be appropriated solely for purposes of funding the office of the state inspector
general and the activities of that office. 
Proposed constitutional amendment provides that unexpended and unencumbered monies in the fund
at the end of the fiscal year remain in the fund. The money in the fund shall be invested as provided
by law and any earnings realized on investment of money in the fund shall be deposited in and
credited to the fund. Money from other sources, such as donations, appropriations, or dedications,
may be deposited in and credited to the fund.
Provides for submission of the proposed amendment to the voters at the statewide election to be held
Oct. 14, 2017.
(Adds Const. Art. VII, ยง10.17)
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Appropriations to the original
bill:
1. Add that the purpose of the fund is to provide greater independence for the office of state
inspector general.