Louisiana 2018 2018 2nd Special Session

Louisiana Senate Bill SB1 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 1 Original 2018 Second Extraordinary Session	Allain
Present law provides in Article VII, Section 10(F)(2)(b) of the Constitution of Louisiana, for the
purposes of enactment of the state budget for the next fiscal year, when the official forecast of
recurring revenues for the next fiscal year is at least one percent less than the official forecast for the
current fiscal year, an amount not to exceed five percent of the total appropriations or allocations for
the current fiscal year from any fund established by law or the Constitution of Louisiana shall be
available for expenditure in the next fiscal year for a purpose other than as specifically provided by
law or the Constitution of Louisiana.
Proposed law states that the official forecast of recurring revenues in the state general fund for FY
2018-2019 is at least one percent less than the official forecast for FY 2017-2018, thus meeting the
requirements of Article VII, Section 10(F)(2)(b) of the Constitution of Louisiana and allowing for
amounts not to exceed five percent of the total appropriations or allocations for the FY 2017-2018
from any fund established by law or the Constitution of Louisiana are available for transfer to the
state general fund for expenditure in FY 2018-2019 for a purpose other than as specifically provided
by law or the Constitution of Louisiana.
Proposed law further provides that any monies available for expenditure in FY 2018-2019 for a
purpose other than as specifically provided by law or the Constitution of Louisiana, shall be
transferred from the fund and deposited in the state general fund. 
Effective July 1, 2018.