SLS 19RS-318 ORIGINAL
2019 Regular Session
SENATE BILL NO. 157
BY SENATOR LAFLEUR
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
FUNDS/FUNDING. Provides for the creation, transfer, dedication, deposit, and use of
certain funds in the state treasury. (gov sig)
1 AN ACT
2 To provide for the creation, transfer, dedication, deposit, and use, as specified, of certain
3 treasury funds; to provide for an effective date; and to provide for related matters.
4 Be it enacted by the Legislature of Louisiana:
5 Section 1. Notwithstanding any provision of law to the contrary, the state treasurer
6 is hereby authorized and directed to transfer $77,013,301 to be comprised wholly of
7 nonrecurring revenues out of the state general fund from the Fiscal Year 2017-2018 surplus,
8 as recognized by the Revenue Estimating Conference, to the Budget Stabilization Fund.
9 Section 2. This Act shall become effective upon signature by the governor or, if not
10 signed by the governor, upon expiration of the time for bills to become law without signature
11 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
12 vetoed by the governor and subsequently approved by the legislature, this Act shall become
13 effective on the day following such approval.
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 157
SLS 19RS-318 ORIGINAL
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Martha S. Hess.
DIGEST
SB 157 Original 2019 Regular Session LaFleur
Proposed law provides for the creation, transfer, dedication, deposit, and use, as specified,
of certain treasury funds.
Proposed law transfers $77,013,301 out of the Fiscal Year 2017-2018 surplus to the Budget
Stabilization Fund.
Effective upon signature of the governor or lapse of time for gubernatorial action.
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.