2023 Regular Session ENROLLED
SENATE BILL NO. 146
BY SENATOR CORTEZ
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
1 AN ACT
2 To amend and reenact R.S. 48:77.1(B), relative to the Megaprojects Leverage Fund; to
3 provide for a separate portfolio for monies in the fund to be invested by the state
4 treasurer in the same securities as allowed for the state general fund; to provide for
5 the payment of expenses; and to provide for related matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 48:77.1(B) is hereby amended and reenacted to read as follows:
8 ยง77.1. Megaprojects Leverage Fund
9 * * *
10 B. Monies in the fund shall be invested by the treasurer in a separate
11 portfolio in the same manner securities as allowed for the state general fund, and
12 interest earnings. All investment earnings on this portfolio shall be deposited into
13 the fund. All unexpended and unencumbered monies remaining in the fund at the end
14 of each fiscal year shall remain in the fund. The amounts in the fund shall be
15 available for appropriation to pay expenses incurred for custody, investment,
16 and disbursement costs directly attributable to the investment of the fund.
17 * * *
18 Section 2. This Act shall become effective upon signature by the governor or, if not
19 signed by the governor, upon expiration of the time for bills to become law without signature
ACT No. 327
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 146 ENROLLED
1 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
2 vetoed by the governor and subsequently approved by the legislature, this Act shall become
3 effective on the day following such approval.
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.