Establishes the State Cybersecurity and Information Technology Infrastructure Fund and dedicates revenues into the fund (OR SEE FISC NOTE SD RV)
Impact
If enacted, HB 448 will create a dedicated financial resource for improving the state's cybersecurity and information technology framework. It ensures that the fund will be permanently credited and can be invested for future earnings. This initiative is especially significant given the growing threats to cybersecurity and the need for robust infrastructure to support state operations and protect sensitive information from potential cyber threats.
Summary
House Bill 448, proposed by Representative Ivey, establishes the State Cybersecurity and Information Technology Infrastructure Fund in Louisiana. The fund is designed to receive an allocation equal to 0.0025% of the state's general fund revenues, except for specific funds pledged for bonds. The primary objective of this bill is to enhance and upgrade the state's information technology infrastructure and cybersecurity needs, addressing crucial areas that have become increasingly important in the digital age.
Sentiment
The sentiment around the bill appears generally positive among those advocating for enhanced state cybersecurity measures. Supporters view the establishment of this fund as a critical step toward ensuring the safety and efficiency of state-operated systems. However, while there hasn't been extensive public pushback documented, concerns could arise over budget impacts, especially in times of financial constraints or competing demands for state funds.
Contention
Potential points of contention may stem from the allocation of state resources to this fund, especially during budget discussions. Stakeholders might debate the priority of investing in cybersecurity over other pressing state needs, such as education or healthcare. Moreover, the effectiveness of the fund in producing tangible upgrades or improvements could also be scrutinized, raising questions about the oversight of expenditures and the transparency of how the funds are managed.
Establishes the State Cybersecurity and Information Technology Fund and dedicates revenues to the fund (Items #10 and #11) (EN SEE FISC NOTE SD EX See Note)
(Constitutional Amendment) Establishes the State Cybersecurity and Information Technology Infrastructure Fund and dedicates revenues into the fund (OR SEE FISC NOTE SD RV See Note)
Establishes the Information Technology Infrastructure Fee to be assessed on certain state transactions to support the state's information technology infrastructure (OR INCREASE SD RV See Note)
Creates the Louisiana Cybersecurity Talent Initiative Fund for the purpose of funding degree and certificate programs in cybersecurity fields and the Cybersecurity Education Management Council to advise relative to the fund (RE INCREASE SD EX See Note)