HLS 18RS-764 ENGROSSED
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 repeal R.S. 39:100.21(B), relative to special treasury funds, to repeal certain
3 requirements of deposits and uses of the Overcollections Fund; to provide for the
4 transfer, deposits, and use, as specified, of certain treasury funds; to provide for
5 effectiveness; and to provide for related matters.
6Be it enacted by the Legislature of Louisiana:
7 Section 1. Notwithstanding any provision of law to the contrary, the state treasurer
8is hereby authorized and directed to transfer $30,654,990, to be comprised wholly of
9nonrecurring revenues out of the state general fund from the Fiscal Year 2016-2017 surplus,
10as recognized by the Revenue Estimating Conference, to the Budget Stabilization Fund.
11 Section 2. R.S. 39:100.21(B) is hereby repealed in its entirety.
12 Section 3. This Act shall become effective upon signature by the governor or, if not
13signed by the governor, upon expiration of the time for bills to become law without signature
14by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
15vetoed by the governor and subsequently approved by the legislature, this Act shall become
16effective on the day following such approval.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 18RS-764 ENGROSSED
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 Engrossed 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 repeals present law requiring the treasurer to deposit all recurring state general
fund revenue for Fiscal Year 2017-2018 in excess of the January 31, 2017, Revenue
Estimating Conference forecast into the Overcollections Fund and requiring the money to
be appropriated for the purposes provided in present constitution for nonrecurring revenue.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Repeals R.S. 39:100.21(B))
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Appropriations to the
original bill:
1. Delete allocation of the FY 17 surplus to the state retirement systems.
2. Add repeal of R.S. 39:100.21(B).
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.