Louisiana 2019 2019 Regular Session

Louisiana House Bill HB442 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 442 Original	2019 Regular Session	Ivey
Abstract:  Creates the State Cybersecurity and Information Technology Infrastructure Fund as a
special treasury fund, requires .25% of monies in the state general fund to be deposited into
this special fund for the state's information technology infrastructure and cybersecurity
purposes.
Proposed constitutional amendment creates the State Cybersecurity and Information Technology
Infrastructure Fund in the state treasury.  Dedicates .75% of monies in the state general fund that are
not allocated to the Bond Redemption and Security Fund or pledged in connection with the issuance
of bonds to be appropriated solely for purposes of enhancing and upgrading the state's information
technology infrastructure and to support cybersecurity needs.
Proposed constitutional amendment provides that unexpended and unencumbered monies in the fund
at the end of the fiscal year remain in the fund.  The money in the fund shall be invested as provided
by law and any earnings realized on investment of money in the fund shall be deposited in and
credited to the fund.
Proposed constitutional amendment authorizes the establishment of a committee to assist the
legislature in consideration of priorities for the funding of information technology infrastructure
projects through appropriations from the fund with consent of the majority of the legislature.
Provides for submission of the proposed amendment to the voters at the statewide election to be held
October 12, 2019.
(Adds Const. Art. VII, ยง10(F)(4)(i) and 10.17)