Louisiana 2021 2021 Regular Session

Louisiana House Bill HB516 Comm Sub / Analysis

                    SSHB516 2549 3654
HOUSE SUMMARY OF SENATE AMENDMENTS
HB 516	2021 Regular Session	Zeringue
APPROPRIATIONS/SUPPLEML:  Makes supplemental appropriations for Fiscal Year
2020-2021
Synopsis of Senate Amendments
1.Increase appropriations as follows: State General Fund (Direct) by
$350,987,110, Interagency Transfers by $19,280,000, Fees and Self Generated
Revenues by $7,895,000, Statutory Dedications by $32,331,766, and Federal
Funds by $18,429,032.
2.Add funding for various local projects.
3.Fully fund first $400,000,000 payment for the Hurricane and Storm Damage
Risk Reduction System.
4.Add $18,000,000 to Corrections to fill budget shortfalls for overtime, supplies,
and medical expenses.
5.Remove $14,789,173 in funding for extra Unfunded Accrued Liability of
certain state retirement systems.
6.Add $35,624,706 for the office of risk management to fund claims payments,
agency premium costs, and insured losses.
7.Remove appropriations for all judgments.
8.Make technical changes.
Digest of Bill as Finally Passed by Senate
Appropriates supplemental funding and provides for means of financing substitutions and
other budgetary adjustments for Fiscal Year 2020-2021. Provides for net increases
(decreases) as follows: State General Fund (Direct) by $587,231,006; Interagency Transfers
by ($15,639,612); Fees & Self-generated Revenues by $45,239,810; Statutory Dedications
by ($504,619,775); and Federal Funds by ($177,060,217).
Appropriates $27,043,431 of State General Fund (Direct) of nonrecurring revenue out of the
surplus from Fiscal Year 2019-20 for the Unfunded Accrued Liability (UAL) in state
retirement systems.
 
Proposed law provides that any appropriation to a local government entity contained in Act
45 of the 2020 Second Extraordinary Session for which a valid cooperative endeavor
agreement exists between the entity and the state treasury on June 30, 2021, shall be deemed
a bona fide obligation through Dec. 31, 2021.  Requires all other provisions of the
cooperative endeavor agreement, including reporting requirements, to be performed as
agreed.  Further provides that any appropriation contained in proposed law shall be deemed
a bona fide obligation through June 30, 2022.
Effective upon signature of the governor or lapse of time for gubernatorial action.
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