RDCSB38 3862 629
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)]
SB 38 Reengrossed 2020 Second Extraordinary Session White
Present law creates the State Coronavirus Relief Fund and allows monies in the fund to be
used to provide money to local governments, eligible businesses, or the state in accordance
with the CARES Act.
Proposed law adds supplementing the state's unemployment trust fund as an allowable use
of the fund.
Present law creates the Critical Infrastructure Workers Hazard Pay Rebate Fund to provide
a one-time hazard pay rebate to essential critical infrastructure workers.
Proposed law requires the treasurer to transfer any unobligated balance in the fund on Dec.
1, 2020, to the State Coronavirus Relief Fund.
Present law provides that notwithstanding any other provision of law to the contrary, for the
2020-2021 Fiscal Year monies in the Shreveport Riverfront and Convention Center and
Independence Stadium Fund in the amount of $200,000 may be made available for the LSU
Health Sciences Center Shreveport provided, however, that any distributions of monies to
the LSU Health Sciences Center Shreveport shall occur in equal quarterly amounts after the
distributions to entities which have pledged or dedicated such monies into bonds have been
made each quarter. Proposed law retains present law.
Proposed law further provides that notwithstanding any other provision of law to the
contrary, for the last two quarters of the 2020-2021 Fiscal Year monies in the fund in the
amount of $187,000 may be made available for the LSU Health Sciences Center Shreveport
provided, however, that any distributions of monies to the LSU Health Sciences Center
Shreveport shall occur in equal quarterly amounts after the distributions to entities which
have pledged or dedicated such monies into bonds have been made each quarter.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 39:100.45(A) and 100.48(B) and R.S. 47:302.2(D))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Finance to the original
bill
1. Creates the 2020 Overcollections Fund in the state treasury.
2. Provides for the deposit into the 2020 Overcollections Fund of the difference
between the official forecast of recurring revenues available for general
purpose expenditures for FY 2019-2020 adopted by the REC on 5/11/20, and
actual collections of revenue available for general purpose expenditures in
FY 2019-2020 and prior to be reported as a balance to JLCB in the prior year
and being recognized by the REC.
3. Provides for the investment of monies in the 2020 Overcollections Fund and
that unexpended and unencumbered monies in the 2020 Overcollections
Fund shall remain in the 2020 Overcollections Fund at the end of the fiscal
year.
Senate Floor Amendments to engrossed bill
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1. Make technical changes.
2. Provides that for the last two quarters of the 2020-2021 Fiscal Year monies
in the Shreveport Riverfront and Convention Center and Independence
Stadium Fund in the amount of $187,000.00 may be made available for the
LSU Health Sciences Center Shreveport provided, however, that any
distributions of monies to the LSU Health Sciences Center Shreveport shall
occur in equal quarterly amounts after the distributions to entities which have
pledged or dedicated such monies into bonds have been made each quarter.
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Appropriations to the
reengrossed bill:
1. Remove the creation of the 2020 Overcollections Fund and the Fiscal Year 2021
Balanced Budget Reserve Fund.
2. Add supplementing the state's unemployment trust fund as an allowable use of
the State Coronavirus Relief Fund.
3. Require the treasurer to transfer any unobligated balance in the Critical
Infrastructure Workers Hazard Pay Rebate Fund on Dec. 1, 2020, to the State
Coronavirus Relief Fund.
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