Louisiana 2018 2018 3rd Special Session

Louisiana House Bill HB1 Comm Sub / Analysis

                    RÉSUMÉ DIGEST
ACT 2 (HB 1) 2018 Third Extraordinary Session Henry
Prior law provided supplementary funding in the General Appropriation Act (Section 19 of
Act No. 2 of the 2018 2nd E.S.) out of revenues from actions taken in the 2018 2nd E.S.
New law provides supplementary funding in the General Appropriation Act out of revenues
from actions taken in the 2018 2nd E.S. and 3rd E.S. of the Legislature.
Existing law requires supplementary appropriations to be reduced on a pro rata basis if
funding is insufficient to fully fund appropriations.
New law repeals the supplementary appropriations and reductions contained in Section 19.B
of Act No. 2 of the 2018 2nd E.S. and provides new supplementary appropriations as
follows:
(1)Appropriates $482,948,770 out of State General Fund (Direct); $1,521,928 out of
statutory dedications; and $3,694,836 out of federal funds.
(2)If Paragraph (1) is fully funded, and the official forecast increases by Dec. 31, 2018,
appropriates $43,299,052 out of the State General Fund (Direct).  Requires  the
commissioner of administration to submit a funding plan, subject to modification and
approval of the Joint Legislative Committee on the Budget, for full or partial funding
of the additional appropriations.
Effective July 1, 2018.