HLS 181ES-26 ORIGINAL 2018 First Extraordinary Session HOUSE CONCURRENT RESOL UTION NO. 1 BY REPRESENTATIVE IVEY BUDGETARY CONTROLS: Reduces the expenditure limit for FY 2018-2019 (Item #12) 1 A CONCURRENT RESOL UTION 2To direct the commissioner of administration to change the expenditure limit for Fiscal Year 3 2018-2019. 4 WHEREAS, the expenditure limit provided for in Article VII, Section 10(C)(1) of 5the Constitution of Louisiana for Fiscal Year 2018-2019 is established as $14,805,436,238; 6and 7 WHEREAS, the state budget document for Fiscal Year 2017-2018 shows that the 8official expenditure limit of $14,616,943,593 was $1,421,015,516 under the expenditure 9limit after anticipated adjustments; and 10 WHEREAS, Article VII, Section 10(D)(1) of the Constitution of Louisiana prohibits 11appropriations from the state general fund and dedicated funds, except funds allocated by 12Article VII, Section 4, Paragraphs (D) and (E), in excess of the expenditure limit; and 13 WHEREAS, Article VII, Section 10.3(A)(1) of the Constitution of Louisiana requires 14that all money available for appropriation from the state general fund and dedicated funds 15in excess of the expenditure limit, except funds allocated by Article VII, Section 4, 16Paragraphs (D) and (E), shall be deposited into the Budget Stabilization Fund; and 17 WHEREAS, Article VII, Section 10(C)(2) of the Constitution of Louisiana provides 18that the expenditure limit may be changed in any fiscal year by a favorable vote of two-thirds 19of the elected members of each house and that any such change in the expenditure limit shall 20be approved by the passage of a specific legislative instrument which clearly states the intent 21to change the limit; and Page 1 of 2 HLS 181ES-26 ORIGINAL HCR NO. 1 1 WHEREAS, R.S. 39:52.1 of the Louisiana Revised Statutes of 1950, provides that 2a change to the expenditure limit shall be made pursuant to a concurrent resolution adopted 3by a favorable vote of two-thirds of the elected members of each house directing the 4commissioner of administration to change the expenditure limit to a designated amount for 5a specified fiscal year. 6 THEREFORE, BE IT RESOLVED that the Legislature of Louisiana, two-thirds of 7the elected members of each house concurring, does hereby direct the commissioner of 8administration to change the expenditure limit for Fiscal Year 2018-2019 from 9$14,805,436,238 to $13,500,000,000. 10 BE IT FURTHER RESOLVED that the provisions of this Resolution shall be 11construed to affect the expenditure limit for Fiscal Year 2019-2020 and thereafter in 12accordance with Article VII, Section 10(C) of the Constitution of Louisiana. 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)] HCR 1 Original 2018 First Extraordinary Session Ivey Directs the commissioner of administration to reduce the expenditure limit for FY 2018- 2019 from $14,805,436,238 to $13,500,000,000. Provisions of this Resolution shall be construed to affect the expenditure limit for FY 2019- 2020 and thereafter. Page 2 of 2