HLS 18RS-764 ORIGINAL
2018 Regular Session
HOUSE BILL NO. 379
BY REPRESENTATIVE HENRY
FUNDS/FUNDING: Provides for the transfer, deposit, and use of certain treasury funds
1 AN ACT
2To provide for the transfer, deposits, and use, as specified, of certain treasury funds; to
3 provide for effectiveness; and to provide for related matters.
4Be it enacted by the Legislature of Louisiana:
5 Section 1. Notwithstanding any provision of law to the contrary, the state treasurer
6is hereby authorized and directed to transfer $30,654,990, to be comprised wholly of
7nonrecurring revenues out of the state general fund from the Fiscal Year 2016-2017 surplus,
8as recognized by the Revenue Estimating Conference, to the Budget Stabilization Fund.
9 Section 2. Notwithstanding any provision of law to the contrary, the state treasurer
10is hereby authorized and directed to transfer $12,261,996, to be comprised wholly of
11nonrecurring revenues out of the state general fund from the Fiscal Year 2016-2017 surplus,
12as recognized by the Revenue Estimating Conference, to the unfunded accrued liability of
13the Louisiana State Employees' Retirement System and the Teachers' Retirement System of
14Louisiana.
15 Section 3. This Act shall become effective upon signature by the governor or, if not
16signed by the governor, upon expiration of the time for bills to become law without signature
17by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
18vetoed by the governor and subsequently approved by the legislature, this Act shall become
19effective on the day following such approval.
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 18RS-764 ORIGINAL
HB NO. 379
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 379 Original 2018 Regular Session Henry
Abstract: Provides for the transfer, deposits, and use, as specified, of certain treasury
funds.
Proposed law transfers $30,654,990 out of the FY 17 surplus to the Budget Stabilization
Fund.
Proposed law transfers $12,261,996, out of the FY 17 surplus to the unfunded accrued
liability of the La. State Employees' Retirement System and the Teachers' Retirement System
of La.
Effective upon signature of governor or lapse of time for gubernatorial action.
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.