Louisiana 2018 2018 3rd Special Session

Louisiana House Bill HB7 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 7 Original 2018 Third Extraordinary Session	Smith
Abstract:  Provides that the supplementary appropriations contained in Section 19.A of the General
Appropriation Act (Act No. 2) adopted by the Legislature in the 2018 2nd E.S. shall become
effective upon the recognition of any additional revenue by the REC prior to July 1, 2018.
Present law provides supplementary funding in the General Appropriation Act (Act No. 2 of the
2018 2nd E.S.) out of revenues from actions taken in the 2018 2nd E.S. and incorporated into the
official forecast by the Revenue Estimating Conference (REC).  Provides for pro rata funding if
revenues are insufficient to fully fund appropriations. 
Proposed law removes references to actions taken in the 2018 2nd E.S. and instead makes
supplementary funding effective upon an increase in the official forecast by the REC on or before
July 1, 2018.  Retains provisions providing for pro rata funding if revenues are insufficient to fully
fund appropriations.
Effective July 1, 2018.
(Amends ยง19.A of Act No. 2 of the 2018 2nd E.S.)