Louisiana 2017 2017 Regular Session

Louisiana Senate Bill SB229 Comm Sub / Analysis

                    The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Martha S. Hess.
DIGEST
SB 229 Original	2017 Regular Session	Tarver
Present law limits appropriations by the legislature by providing that appropriations from the state
general fund and dedicated funds for any fiscal year shall not exceed the official forecast in effect
at the time the appropriations are made. Except as otherwise provided by R.S. 39:75(E),
appropriations by the legislature from any fund shall not exceed the official forecast of money
available for appropriation from that fund in effect at the time the appropriations are made.
Proposed law revises present law by providing that beginning with the submission of agency budget
requests for Fiscal Year 2018-2019, appropriations from the state general fund and dedicated funds
for any fiscal year shall not exceed 98% of the official forecast in effect at the time the appropriations
are made, except in those years when the official forecast of recurring revenues for the ensuing fiscal
year are at least one percent less than the official forecast for the current fiscal year.  Proposed law
further provides that except as otherwise provided by R.S. 39:75(E), appropriations by the legislature
from any fund shall not exceed 98% of the official forecast of money available for appropriation
from that fund in effect at the time the appropriations are made.
Effective July 1, 2018.
(Amends R.S. 39:54(A)(1))