HLS 183ES-24 ORIGINAL 2018 Third Extraordinary Session HOUSE BILL NO. 7 BY REPRESENTATIVE SMITH APPROPRIATIONS/GENERAL: Provides for effectiveness of Section 19.A of Act No. 2 of the 2018 2 nd E.S. (General Appropriation Act) (Item #3) 1 AN ACT 2To amend and reenact Section 19.A of Act No. 2 of the 2018 Second Extraordinary Session 3 of the Legislature, to provide for the effectiveness of Section 19.A of Act No. 2 of 4 the 2018 Second Extraordinary Session of the Legislature; to provide for an effective 5 date; and to provide for related matters. 6Be it enacted by the Legislature of Louisiana: 7 Section 1. Section 19.A of Act No. 2 of the 2018 Second Extraordinary of the 8Legislature is hereby amended and reenacted to read as follows: 9 * * * 10 Section 19.A. Appropriations contained in this Section of this Act shall 11 become effective upon the enactment of action taken to raise revenues in the 2018 12 Second Extraordinary Session of the Legislature, and incorporated into the Fiscal 13 Year 2018-2019 official forecast of the Revenue Estimating Conference adoption of 14 an official forecast by the Revenue Estimating Conference on or before July 1, 2018, 15 greater than the official forecast adopted on April 12, 2018. To the extent sufficient 16 revenues are not enacted in the 2018 Second Extraordinary Session of the Legislature 17 the increase in the official forecast is not sufficient to fully fund each appropriation 18 contained herein, the revenues recognized shall be distributed on a pro rata basis. 19 * * * Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 183ES-24 ORIGINAL HB NO. 7 1 Section 2. This Act shall become effective on July 1, 2018; if vetoed by the governor 2and subsequently approved by the legislature, this Act shall become effective on July 1, 32018, or on the day following such approval by the legislature, whichever is later. 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.) Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions.