SLS 21RS-174 ORIGINAL
2021 Regular Session
SENATE BILL NO. 187
BY SENATOR WHITE
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. (gov sig)
1 AN ACT
2 To enact Subpart S of Part II-A of Chapter 1 of Subtitle I of the Louisiana Revised Statutes
3 of 1950, to be comprised of R.S. 39:100.146, relative to special funds in the state
4 treasury; to create the Fiscal Year 2021 Reserve Fund as a special fund in the state
5 treasury; to provide for the transfer, dedication, deposit, and use, as specified, of the
6 Fiscal Year 2021 Reserve Fund; to provide for an effective date; and to provide for
7 related matters.
8 Be it enacted by the Legislature of Louisiana:
9 Section 1. Subpart S of Part II-A of Chapter 1 of Subtitle I of the Louisiana Revised
10 Statutes of 1950, comprised of R.S. 39:100.146, is hereby enacted to read as follows:
11 SUBPART S. FISCAL YEAR 2021 RESERVE FUND
12 ยง100.146. Fiscal Year 2021 Reserve Fund
13 A. There is hereby established in the state treasury, as a special fund, the
14 Fiscal Year 2021 Reserve Fund, hereinafter referred to as the "fund".
15 B. Any money transferred, donated, or appropriated to the fund by the
16 legislature shall be deposited in the fund.
17 C. All unexpended and unencumbered monies in the fund at the end of
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. 187
SLS 21RS-174 ORIGINAL
1 the fiscal year shall remain in the fund. The monies in the fund shall be invested
2 by the state treasurer in the same manner as monies in the state general fund,
3 and interest earned on the investment of monies in the fund shall be credited to
4 the fund.
5 Section 2. This Act shall become effective upon signature by the governor or, if not
6 signed by the governor, upon expiration of the time for bills to become law without signature
7 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
8 vetoed by the governor and subsequently approved by the legislature, this Act shall become
9 effective on the day following such approval.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Martha S. Hess.
DIGEST
SB 187 Original 2021 Regular Session White
Proposed law creates the Fiscal Year 2021 Reserve Fund as a special fund in the state
treasury. Any money transferred, donated, or appropriated to the fund by the legislature shall
be deposited into the fund.
Proposed law provides that the monies in the fund shall remain in the fund at the end of the
fiscal year and interest earned on the investment of monies in the fund shall be credited to
the fund.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Adds R.S. 39:100.146)
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.