Louisiana 2023 2023 Regular Session

Louisiana House Bill HB166 Comm Sub / Analysis

                    SSHB166 2549 4090
HOUSE SUMMARY OF SENATE AMENDMENTS
HB 166	2023 Regular Session	Bacala
BUDGETARY CONTROLS:  Requires certain information and analysis to be included in
the governor's executive budget and the General Appropriation Bill
Synopsis of Senate Amendments
1.Make technical changes.
Digest of Bill as Finally Passed by Senate
As more fully explained below, proposed law requires certain financial information and
analysis regarding ensuing year finances to 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 forth 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))
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