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2023 Regular Session
HOUSE BILL NO. 293
BY REPRESENTATIVE THOMAS
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
FUNDS/FUNDING: Repeals certain funds within the state treasury
1 AN ACT
2To repeal R.S. 3:4712(C), (D), (F), and (G), R.S. 30:136.1(C), Chapter 5 of Subtitle I of
3 Title 30 of the Louisiana Revised Statutes of 1950, comprised of R.S. 30:301 through
4 303, R.S. 39:98.5, and R.S. 49:214.8.7, relative to special funds within the state
5 treasury; to repeal certain such funds; to provide for effectiveness; to provide for the
6 transfer of remaining balances of such funds; and to provide for related matters.
7Be it enacted by the Legislature of Louisiana:
8 Section 1. R.S. 3:4712 (C), (D), (F), and (G) are hereby repealed in their entirety.
9 Section 2. R.S. 30:136.1(C) and Chapter 5 of Subtitle I of Title 30 of the Louisiana
10Revised Statutes of 1950, comprised of R.S. 30:301 through 303, are hereby repealed in their
11entirety.
12 Section 3. R.S. 39:98.5 is hereby repealed in its entirety.
13 Section 4. R.S. 49:214.8.7 is hereby repealed in its entirety.
14 Section 5. On the effective date of this Act, the state treasurer is hereby authorized
15and directed to transfer to the state general fund any remaining balances in the funds
16repealed by the Act which originated as House Bill No. 254 of this 2023 Regular Session of
17the Legislature.
18 Section 6. This Act shall take effect and become operative if and when the proposed
19amendment of Article VII and Article IX of the Constitution of Louisiana contained in the
20Act which originated as House Bill No. 254 of this 2023 Regular Session of the Legislature
21is adopted at a statewide election and becomes effective.
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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 293 Reengrossed 2023 Regular Session Thomas
Abstract: Removes certain funds from the state treasury.
Present law (R.S. 3:4712) establishes the Agricultural and Seafood Products Support Fund
and provides for deposits and uses of monies in such fund.
Proposed law repeals present law.
Present law (R.S. 30:136.1(C) and 301-303) establishes the Louisiana Investment Fund for
Enhancement and provides for deposits and uses of monies in such fund.
Proposed law repeals present law.
Present law (R.S. 39:98.5) establishes the Millennium Leverage Fund and provides for
deposits and uses of monies in such fund.
Proposed law repeals present law.
Present law (R.S. 49:214.8.7) establishes the Atchafalaya Basin Conservation Fund and
provides for deposits and uses of monies in such fund.
Proposed law repeals present law.
Proposed law transfers to the state general fund any remaining monies in the funds repealed
by proposed law.
Effective if and when the proposed amendment of Article VII and Article IX of the
Constitution of La. contained in the Act which originated as House Bill No. 254 of this 2023
R.S. of the Legislature is adopted at a statewide election and becomes effective.
(Repeals R.S. 3:4712(C), (D), (F), and (G), R.S. 30:136.1(C) and 301-303, R.S. 39:98.5, and
R.S. 49:214.8.7)
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Appropriations to the
original bill:
1. Provide for the transfer of remaining balances in funds to the state general fund.
2. Make technical changes.
The House Floor Amendments to the engrossed bill:
1. Remove the language repealing R.S. 3:4711 and 4712.
2. Add language to only repeal R.S. 3:4712(C), (D), (F), and (G).
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3. Add language authorizing the state treasurer to transfer to the state general fund
any remaining balances in the repealed funds upon the adoption of the
constitutional amendment contained in the ACT which originated as House Bill
No. 254 of the 2023 R.S.
4. Make technical changes.
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