HLS 20RS-746 ORIGINAL 2020 Regular Session HOUSE BILL NO. 398 BY REPRESENTATIVE IVEY FUNDS/FUNDING: (Constitutional Amendment) Establishes the State Cybersecurity and Information Technology Fund and dedicates revenues to the fund 1 A JOINT RESOLUTION 2Proposing to add Article VII, Section 10(F)(4)(i) and 10.17 of the Constitution of Louisiana, 3 relative to special funds; to establish the State Cybersecurity and Information 4 Technology Fund; to provide for the deposit, use, and dedication of certain deposits 5 into the fund; to provide for certain exceptions; to provide for submission of the 6 proposed amendment to the electors; and to provide for related matters. 7 Section 1. Be it resolved by the Legislature of Louisiana, two-thirds of the members 8elected to each house concurring, that there shall be submitted to the electors of the state of 9Louisiana, for their approval or rejection in the manner provided by law, a proposal to add 10Article VII, Section 10(F)(4)(i) and 10.17 of the Constitution of Louisiana, to read as 11follows: 12 §10. Expenditure of State Funds 13 Section 10. 14 * * * 15 (F) Projected Deficit. 16 * * * 17 (4) The provisions of Subparagraphs (1) and (2) of this Paragraph shall not 18 be applicable to, nor affect: 19 * * * Page 1 of 4 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 20RS-746 ORIGINAL HB NO. 398 1 (i) The State Cybersecurity and Information Technology Fund, as provided 2 in Article VII, Section 10.17 of this constitution. 3 * * * 4 §10.17. State Cybersecurity and Information Technology Fund 5 Section 10.17. State Cybersecurity and Information Technology Fund. 6 (A) The State Cybersecurity and Information Technology Fund, hereinafter 7 referred to as the "fund", is hereby established in the state treasury as a special fund. 8 After allocation of money to the Bond Security and Redemption Fund as provided 9 in Article VII, Section 9(B) of this constitution, the treasurer shall deposit in and 10 credit to the fund the revenues as provided for in Paragraph (B) of this Section. 11 (B)(1) Except as provided in Subparagraph (2) of this Paragraph, the 12 treasurer shall deposit an amount equal to thirty-five hundredths of one percent of 13 all revenues that flow through the Bond Security and Redemption Fund as provided 14 for in Article VII, Section 9(B) of this constitution for appropriation from the state 15 general fund into the fund. 16 (2) Monies in the state general fund received by the state or by any state 17 board, agency, or commission, but pledged in connection with issuance of bonds 18 shall not be deposited in the fund. 19 (3) All unexpended and unencumbered monies in the fund at the end of the 20 fiscal year shall remain in the fund. Monies deposited into the fund shall be 21 permanently credited to the fund and shall be invested by the treasurer in a manner 22 provided for by law, and any earnings realized on investment of money in the fund 23 shall be deposited in and credited to the fund. 24 (4) The legislature may by law enacted by two-thirds of the elected members 25 of each house of the legislature change the rate of dedicated revenue provided for in 26 this Paragraph. 27 (C)(1) Appropriations from the State Cybersecurity and Information 28 Technology Fund shall be expended solely for support of projects to enhance or 29 upgrade the state's information technology infrastructure or cybersecurity needs. Page 2 of 4 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 20RS-746 ORIGINAL HB NO. 398 1 (2) The legislature may establish a committee to assist in the consideration 2 of priorities for the funding of cybersecurity and information technology 3 infrastructure projects through appropriations of fund money with the consent of a 4 majority of the elected members of each house of the legislature. 5 Section 2. Be it further resolved that the provisions of the amendment contained in 6this Joint Resolution shall become effective on July 1, 2021. 7 Section 3. Be it further resolved that this proposed amendment shall be submitted 8to the electors of the state of Louisiana at the statewide election to be held on November 3, 92020. 10 Section 4. Be it further resolved that on the official ballot to be used at the election, 11there shall be printed a proposition, upon which the electors of the state shall be permitted 12to vote YES or NO, to amend the Constitution of Louisiana, which proposition shall read as 13follows: 14 Do you support an amendment to establish the State Cybersecurity and 15 Information Technology Fund for the deposit of a portion of state general 16 fund revenues in order to provide enhancements and upgrades to the state's 17 information technology infrastructure and cybersecurity needs? (July 1, 18 2021) (Adds Article VII, Section 10(F)(4)(i) and 10.17) 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 398 Original 2020 Regular Session Ivey Abstract: Creates the State Cybersecurity and Information Technology Fund as a special treasury fund and requires 0.35% of monies that flow through the Bond Security and Redemption Fund to be deposited into the fund for the state's information technology infrastructure and cybersecurity purposes. Proposed constitutional amendment creates the State Cybersecurity and Information Technology Fund in the state treasury. Dedicates 0.35% of monies that flow through the Bond Security and Redemption Fund for appropriation from the state general fund into the fund. Does not dedicate money pledged in connection with the issuance of bonds. Proposed constitutional amendment restricts the use of the money in the fund to enhancements or upgrades to the state's information technology infrastructure and to support cybersecurity needs. Page 3 of 4 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 20RS-746 ORIGINAL HB NO. 398 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 legislature to create a committee to assist it 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 Nov. 3, 2020. (Adds Const. Art. VII, §10(F)(4)(i) and 10.17) Page 4 of 4 CODING: Words in struck through type are deletions from existing law; words underscored are additions.