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 550 Original 2023 Regular Session Zeringue
Abstract: Transfers state general fund monies to certain special funds and accounts in the state
treasury and makes changes to the use of monies in the Hurricane Ida Recovery Fund
Proposed law transfers 25% of the FY 2021-2022 surplus ($181,630,129) to the Budget Stabilization
Fund.
Present law (R.S. 39:100.171) establishes the Hurricane Ida Recovery Fund (hereafter the "fund")
and provides for the administration and use of monies deposited into such fund. Proposed law
retains present law. Further requires unexpended and unencumbered monies in the fund at the end
of the fiscal year to remain in the fund.
Present law provides that monies in the fund shall be used to make full or partial payments to
political subdivisions, including school boards, (hereafter "eligible entities) that suffered property
loss or damage caused by Hurricane Ida. Proposed law retains present law. Present law requires any
payment to an eligible entity made from the fund pursuant to the provisions of this Section be
applied by the governing authority of the eligible entity to the cost of repair or replacement of the
damaged property. Proposed law retains present law and further authorizes monies received
pursuant to proposed law to be applied toward the cost of an approved project replacing such
damaged property. If federal assistance funds have been received for the damaged property and
monies disbursed to the eligible entity pursuant to the provisions of proposed law remain after the
eligible entity has satisfied its portion of any required local match for such damage, proposed law
requires the eligible entity to apply any remaining funds to one or more of the following for expenses
incurred since August 29, 2021:
(1)A facility owned by an eligible entity that is open to the public for public use.
(2)A public facility that an eligible entity owns or has legal responsibility for maintaining,
including any:
(a)Flood control, navigation, irrigation, reclamation, public power, sewage treatment
and collection, water supply and distribution, watershed development, or airport
facility.
(b)Non-Federal-aid street, road, or highway.
(c)Other public building, structure, or system, including those used for educational, recreational, or cultural purposes.
(d)Park.
(3)A facility owned by a private, nonprofit entity and used to provide services to the general
public.
(4) A mixed use facility provided that more than fifty percent of the physical space of the facility
is used for a public purpose.
(5)A facility that meets both of the following conditions:
(a)At least fifty percent of the total square footage of the facility was used by the owner
for a public purpose before Hurricane Ida.
(b)All or part of the facility was under repair or remodeling when Hurricane Ida struck
the facility.
(6)Debris Removal.
(7)Emergency Protection Measures.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 39:100.171)