HASBSB146 MCCLOUDT 2520
SENATE SUMMARY OF HOUSE AMENDMENTS
SB 146 2023 Regular Session Cortez
KEYWORD AND SUMMARY AS RETURNED TO THE SENATE
FUNDS/FUNDING. Provides for Megaprojects Leverage Fund investments. (gov sig)
SUMMARY OF HOUSE AMENDMENTS TO THE SENATE BILL
1. Specifies that the expenses are operating expenses.
DIGEST OF THE SENATE BILL AS RETURNED TO THE SENATE
SB 146 Engrossed 2023 Regular Session Cortez
Present law provides that all monies in the fund shall be invested by the treasurer in the same
manner as the general fund.
Present law provides that all interest earnings be deposited into the fund. Proposed law
requires all investment earnings on the portfolios be deposited into the fund.
Proposed law provides that all monies in the fund shall be invested in separate portfolios in
the same securities allowed for the general fund.
Proposed law authorizes monies in the fund to be available to pay operating expenses and
costs directly attributable to the investing in the fund.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 48:77.1(B))
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Tyler S. McCloud
Division 4 Director