HLS 20RS-265 ORIGINAL 2020 Regular Session HOUSE BILL NO. 118 BY REPRESENTATIVE EDMONDS BUDGETARY CONTROLS: Restricts spending of the state general fund (direct) from recurring money to 98% of the official forecast 1 AN ACT 2To enact R.S. 39:34(F) and 54(E), relative to the expenditure of state funds; to limit 3 recommended appropriations from the state general fund in the executive budget; to 4 limit appropriations from the state general fund by the legislature; and to provide for 5 related matters. 6Be it enacted by the Legislature of Louisiana: 7 Section 1. R.S. 39:34(F) and 54(E) are hereby enacted to read as follows: 8 §34. Executive budget 9 * * * 10 F. For Fiscal Year 2021-2022 and for each fiscal year thereafter, the 11 executive budget recommendations for appropriations from the state general fund 12 (direct) of recurring money shall not exceed ninety-eight percent of the official 13 forecast of the Revenue Estimating Conference of recurring money available for 14 appropriation from the state general fund (direct). 15 * * * 16 §54. Limitations on appropriations 17 * * * 18 E. For Fiscal Year 2021-2022 and for each fiscal year thereafter, 19 appropriations by the legislature from the state general fund (direct) of recurring 20 money shall not exceed ninety-eight percent of the official forecast of recurring Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 20RS-265 ORIGINAL HB NO. 118 1 money available for appropriation from the state general fund (direct) in effect at the 2 time the appropriations are made. 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 118 Original 2020 Regular Session Edmonds Abstract: Limits appropriations from the state general fund (direct) recurring money to 98% of the official forecast. Present law requires that recommendations for appropriations in the executive budget for the ensuing fiscal year from the state general fund and dedicated funds not exceed the official forecast of the Revenue Estimating Conference. Proposed law retains present law and additionally requires that, beginning with the executive budget for FY 2021-2022, recommendations for appropriations from the state general fund (direct) of recurring money not exceed 98% of the official forecast of the Revenue Estimating Conference of recurring state general fund (direct) for that fiscal year. Present law requires that appropriations by the legislature from the state general fund and dedicated funds not exceed the official forecast in effect at the time the appropriation is made. Proposed law retains present law and additionally requires that, for each fiscal year beginning with FY 2021-2022, appropriations from the state general fund (direct) not exceed 98% of the official forecast of recurring state general fund (direct) for that fiscal year in effect at the time the appropriations are made. (Adds R.S. 39:34(F) and 54(E)) Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions.