Louisiana 2018 2018 1st Special Session

Louisiana House Bill HB15 Comm Sub / Analysis

                    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 15 Re-Reengrossed 2018 First Extraordinary Session	Barras
Abstract:  Caps the annual growth factor of the expenditure limit to 6%, allows the growth factor
to be established by law that requires 2/3 vote of each house of the legislature to change,
provides for changing the expenditure limit when the legislature is not in session, and deletes
the requirement that money in excess of the expenditure limit be deposited into the Budget
Stabilization Fund.
Present constitution provides for the determination of the expenditure limit for the next fiscal year
to be determined in the first quarter of the calendar year for the current fiscal year.  The expenditure
limit for the next fiscal year is based on the expenditure limit for the current fiscal year multiplied
by a growth factor.
Present constitution defines the growth factor as the average annual percentage rate of change of
personal income for La. as defined and reported by the U.S. Dept. of Commerce for the three
calendar years prior to the fiscal year for which the limit is calculated. 
Proposed constitutional amendment removes the definition of the growth factor in present
constitution and instead requires the legislature to establish a procedure to determine the growth
factor, which shall not exceed 6%.  Once established, the growth factor shall not be changed except
by specific legislative instrument receiving a favorable 2/3 vote of the elected members of each
house of the legislature.
Present constitution authorizes the legislature to change of the expenditure limit by a favorable vote
of 2/3 of the elected members of each house on a specific legislative instrument. 
Proposed constitutional amendment authorizes the legislature to change the expenditure limit with
written consent of 2/3 of the elected members of each house when the legislature is not in session.
Present constitution requires that money available for appropriation from the state general fund and
dedicated funds in excess of the expenditure limit be deposited into the Budget Stabilization Fund.
Proposed constitutional amendment repeals present constitution.
Provides for submission of the proposed amendment to the voters at the statewide election to be held
Nov. 6, 2018.
(Amends Const. Art. VII, §10(C)(1) and (2); Repeals Const. Art. VII, §10.3(A)(1)) Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Appropriations to the original
bill:
1. Correct ballot language.
The Committee Amendments Proposed by House Committee on Civil Law and Procedure to the
engrossed bill:
1. Specify in the ballot language that the procedure to determine the expenditure limit is
applicable to each fiscal year and not just the next fiscal year.
The House Floor Amendments to the reengrossed bill:
1. Delete language  that would have calculated the ensuing fiscal year's expenditure limit
based on the current year appropriations.
2. Add authorization for the legislature to approve a change to the expenditure limit when
the legislature is not in session.