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 166 Engrossed 2023 Regular Session Bacala
Abstract: Requires certain financial information and analysis regarding ensuing year finances be
included in the governor's executive budget (ex. budget) and in the General Appropriation
Bill (GAB).
Present law (R.S. 39:24) requires the Revenue Estimating Conference (REC) to adopt an official
forecast for each fiscal year of all state revenues available for appropriation in each such year.
Proposed law requires REC to forecast revenues for the current fiscal year, the ensuing fiscal year,
and the two fiscal years following the ensuing fiscal year for the state general fund, each dedicated
fund, and fees and self-generated revenues.
Present law (R.S. 39:51) sets forth the requirements for each GAB. To the existing requirements,
proposed law adds the requirement that, beginning with the GAB for FY 24-25, each GAB shall
include an appendix, created by the division of administration, that lists the ex. budget proposed
appropriations from the state general fund and dedicated funds for the ensuing fiscal year by
schedule, budget unit, and program—as applicable—and projects each entry out over the following
two fiscal years to illustrate the amounts needed in the future to fully fund the current year's
recommended appropriations. Further defines the phrase "state general fund and dedicated funds"
shall have the same meaning as in present constitution (Art. VII, Sec. 10(J)).
Present law (R.S. 39:36) sets for requirements for the governor's ex. budget. To the existing
requirements, proposed law adds the requirement that beginning with the ex. budget for FY 24-25,
each ex. budget shall include a summary of the appendix information contained in proposed law and
analysis of whether and to what extent sufficient revenues are projected in the most recent official
forecast adopted by the Revenue Estimating Conference to cover the projected costs in each of the
two fiscal years following the fiscal year being appropriated. Further requires the preamble of each
GAB to contain a summary of this analysis.
(Amends R.S. 39:24(A) and 36(A)(7); Adds R.S. 39:36(A)(8) and 51(H) and (I))