GREEN SHEET REDIGEST
HB 550 2023 Regular Session Zeringue
FUNDS/FUNDING: Provides for the transfer, deposit, and use of monies among state
funds.
DIGEST
Proposed law transfers 25% of the FY 2021-2022 surplus ($181,630,129) to the Budget
Stabilization Fund.
Proposed law transfers the following amounts from the state general fund in the current fiscal
year:
(1)$340,000,000 to the Transportation Trust Fund.
(2)$30,500,000 to the Higher Education Initiatives Fund.
(3)$1,000,000 to the La. Postsecondary Inclusive Education Fund
(4)$1,500,000 to the Jump Start Your Heart Fund, if Senate Bill No. 12 of the 2023
Regular Session becomes law.
(5)$30,000,000 to the Power-Based Violence and Safety Fund as provided in proposed
law.
(6)$24,904,474 to the State Emergency Response Fund.
(7)$20,000,000 to the Voting Technology Fund.
(8)$13,000,000 to the La. Early Childhood Education Fund.
(9)$10,000,000 to the Oyster Resource Management Account.
(10)$15,000,000 to the Health Care Employment Reinvestment Opportunity (HERO)
Fund.
(11)$24,500,000 to the Insure La. Incentive Fund.
(12)$5,000,000 to the Law Enforcement Recruitment Incentive Fund, if House Bill No.
563 of the 2023 Regular Session becomes law.
(13)$5,000,000 to the Geaux Teach Fund.
(14) $5,000,000 to the La. Economic Development Fund.
(15)$5,000,000 to the Court Modernization and Technology Fund, as provided in
proposed law.
(16)$4,000,000 to the Major Events Incentive Fund.
(17)$2,500,000 to the Reading Enrichment and Academic Deliverables (R.E.A.D.) Fund,
as provided in proposed law.
(18)$2,500,000 to the Imagination Library of La. Fund, if House Bill No. 412 of the 2023
Regular Session becomes law.
(19)$1,500,000 to the Hazard Mitigation Revolving Loan Fund.
Page 1 of 5
Prepared by Tracy Sabina Sudduth. (20)$40,000,000 to the Coastal Protection and Restoration Fund.
(21)$80,000,000 to the Water Sector Fund.
(22)$15,000,000 to the Capital Outlay Savings Fund.
(23)$40,000,000 to the Fortify Homes Program Fund.
Proposed law transfers the following amounts in Fiscal Year 2023-2024:
(1)$50,000,000 to the Capital Outlay Savings Fund.
(2)$50,000,000 to the to the La. Fortify Homes Program Fund from Fees and Self-
generated Revenues of the Dept. of Insurance.
(3)$2,500,000 to the Insure La. Incentive Fund from Fees and Self-generated Revenues
of the Dept. of Insurance.
Proposed law (R.S. 17:4033.1) establishes the R.E.A.D. Fund as a special fund in the
treasury. Requires monies in the fund to be invested in the same manner as monies in the
state general fund and that interest earned on investment of monies in the R.E.A.D. Fund are
to be credited to the R.E.A.D. Fund. Provides that monies in the fund are to be used by the
state Dept. of Education for administration and implementation of the R.E.A.D. Program
(provided in present law).
Present law (R.S. 39:100.44.1) establishes the La. Main Street Recovery Rescue Plan Fund
and provides for deposit of monies into the fund, to be used for: economic support grants for
La. timber harvesting and timber hauling businesses; economic support grants for eligible
movie theater owners, as provided in present law; and for the La. Agriculture Transportation
Group Self-Insured Fund. Further requires that any remaining monies in the La. Rescue Plan
Fund on June 30, 2023, are to be transferred to the La. Rescue Plan Fund. Proposed law
extends until June 30, 2024, the date at which monies in the fund are to be transferred to the
La. Rescue Plan Fund.
Present law (R.S. 39:100.101) establishes the Power-Based Fund and requires monies
deposited into the fund to be used for Title IX offices at every public postsecondary
institution in the state. Proposed law changes the Power-Based Fund to the Power-Based
Violence and Safety Fund and provides that monies in the fund are to be used for power-
based violence, Title IX, and safety initiatives at every public postsecondary institution in the
state.
Present law (R.S. 39:100.171) establishes the Hurricane Ida Recovery Fund (fund) and
provides for the administration and use of monies deposited into the 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, (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 to 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 monies received from the fund to one or more of the following for expenses
incurred since Aug. 29, 2021:
Page 2 of 5
Prepared by Tracy Sabina Sudduth. (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 50% 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 50% 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.
Present law (R.S. 39:100.201) establishes the Political Subdivision Federal Grant Assistance
Fund and provides for deposit and use of monies in the fund. Requires monies in the fund
to be appropriated to the division of administration via BA-7. Proposed law deletes the
requirement that monies be appropriated by BA-7. Additionally adds the office of rural
development within the office of the governor as an entity eligible to use monies in the fund.
Present law requires monies in the fund be used for the administration of a program to assist
political subdivisions with competitive federal grant opportunities made pursuant to the
Infrastructure Investment and Jobs Act. Proposed law retains present law.
Proposed law establishes the Court Modernization and Technology Fund as a special fund
in the state treasury. Provides that the Judicial Council of the Supreme Court shall administer
the fund to provide technology upgrades in courts under the supervisory jurisdiction of the
Supreme Court pursuant to Article V of the Constitution of La. Requires monies in the fund
to be invested in the same manner as monies in the state general fund. Provides that interest
earned on investment of monies in the fund shall be credited to the fund. Requires any
unexpended or unencumbered monies in the fund at the end of the fiscal year to remain in
the fund. Requires the Supreme Court to promulgate rules for the administration of the fund.
Further sets forth requirements for the Judicial Council's administration of fund monies.
Requires the council to submit a quarterly status report to the Joint Legislative Committee
on the Budget beginning Oct. 1, 2023.
Proposed law establishes the Public Safety and Crime Prevention Fund in the state treasury.
Provides that the fund may receive any monies appropriated by the legislature and that any
unexpended and unencumbered funds in the fund at the end of the fiscal year shall remain
in the fund. Requires monies in the fund to be invested by the treasurer in the same manner
as monies in the state general fund and that any interest earned on such investment be
deposited into the fund. Proposed law provides that, subject to appropriation, monies in the
Page 3 of 5
Prepared by Tracy Sabina Sudduth. fund are to be used by the office of state police for public safety services, including patrol
and law enforcement, in any parish having a population of not less than 280,000 persons and
not more than 420,000 persons according to the latest federal decennial census.
Effective upon signature of governor or lapse of time for gubernatorial action, except that
transfers for FY 2023-2024 are effective July 1, 2023.
(Amends R.S. 39:100.44.1(H)(3), the heading of Subpart P-3 of Part II-A of Chapter 1 of
Subtitle I of Title 39, and 100.101, 100.171, and 100.201(B) through (D); adds R.S.
17:4033.1(F) and R.S. 39:100.211, 100.221, and 100.231)
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Appropriations to the
original bill:
1. Make various transfers from the state general fund in the current fiscal year.
2. Make various transfers from fees and self-generated revenues of the Dept. of
Insurance in the next fiscal year.
3. Extend until June 30, 2024, the date for transfer of remaining balances in the La.
Main Street Recovery Rescue Plan Fund, which supports assistance to loggers
and movie theater owners, to the La. Rescue Plan Fund.
4. Authorize appropriation from the Political Subdivision Federal Grant Assistance
Fund to the state office of rural development (within the office of the governor)
for administration of a program to assist political subdivisions with competitive
federal grant opportunities from the IIJA.
5. Establish the Reading Enrichment and Academic Deliverables (R.E.A.D.) Fund
to provide funding for the R.E.A.D. Program in present law to provide books and
other reading materials to eligible children in pre-k through fifth grade.
6. Establish the Power-Based Violence and Safety Fund as a new version of the
present law Power-Based Fund. Proposed law will provide funding for
power-based violence, Title IX, and safety initiatives at every public
postsecondary institution in the state.
7. Establish the Court Modernization and Technology Fund to provide funding for
technology upgrades in courts under the supervisory jurisdiction of the Supreme
Court.
8. Establish the 2024 LASERS IUAL Payment Fund to pay a portion of the 2024
employer contribution to LASERS.
9. Make technical changes.
The House Floor Amendments to the engrossed bill:
1. Decrease by $2.5M the state general fund transfer into the Reading Enrichment
and Academic Deliverables Fund.
2. Transfer $2.5M of state general fund into the Imagination Library of La. Fund.
3. Decrease by $6.3M the transfer into the Overcollections Fund.
4. Change fund name from 2024 LASERS IUAL Payment Fund to 2024 IUAL
Payment Fund and create the LASERS Subfund and TRSL Subfund within this
fund.
Page 4 of 5
Prepared by Tracy Sabina Sudduth. 5. Require deposit of the 0.45% state sales and use tax proceeds that are not
otherwise dedicated to the Transportation Trust Fund and the Megaprojects
Leverage Fund to the TRSL Subfund. Establish requirements for TRSL use of
monies in such subfund.
6. Establish the Public Safety and Crime Prevention Fund within the state treasury
and provide for deposit and use of monies in the fund.
7. Make technical and conforming changes.
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Finance to the reengrossed
bill
1. Increase by $5,000,000 the transfer into the Health Care Employment
Reinvestment Opportunity (HERO) Fund.
2. Increase by $17,000,000 the transfer into the Insure La. Incentive Fund.
3. Transfer $1,000,000 of state general fund into the Louisiana Postsecondary
Inclusive Education Fund.
4. Transfer $1,500,000 of state general fund into the Jump Start Your Heart Fund,
if Senate Bill No. 12 of the 2023 Regular Session becomes law.
5. Transfer $40,000,000 of the state general fund into the Coastal Protection and
Restoration Fund.
6. Transfer $80,000,000 of the state general fund into the Water Sector Fund.
7. Transfer $15,000,000 of the state general fund into the Capital Outlay Savings
Fund.
8. Transfer $40,000,000 of the state general fund into the Fortify Homes Program
Fund.
9. Increase by $40,000,000 to the La. Fortify Homes Program Fund from Fees and
Self-generated Revenues of the Dept. of Insurance.
10. Deletes the transfer $68,048,578 of state general fund into the Overcollections
Fund.
11.Deletes the 2024 IUAL Payment Fund as a special fund in the state treasury.
Further deletes the LASERS Subfund and the TRSL Subfund.
12.Deletes the transfer $74,610,107 of state general fund into the LASERS Subfund
of the 2024 IUAL Payment Fund.
13. Deletes the transfer $110,584,611 into the LASERS Subfund of the 2024 IUAL
Payment Fund.
Page 5 of 5
Prepared by Tracy Sabina Sudduth.