Louisiana 2023 2023 Regular Session

Louisiana Senate Bill SB153 Engrossed / Bill

                    SLS 23RS-387	ENGROSSED
2023 Regular Session
SENATE BILL NO. 153
BY SENATOR WOMACK 
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
FUNDS/FUNDING.  Creates the Correctional Facility Capital Outlay Fund. (gov sig)
1	AN ACT
2 To enact R.S. 39:100.59.3, relative to special treasury funds; to create the Correctional
3 Facility Capital Outlay Fund; to provide for deposits into the fund; to provide for
4 uses of the fund; to provide for effectiveness; and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1.  R.S. 39:100.59.3 is hereby enacted to read as follows: 
7 ยง100.59.3. Correctional Facility Capital Outlay Fund
8	A. There is hereby created, as a special fund in the state treasury, the
9 Correctional Facility Capital Outlay Fund, hereinafter referred to as the
10 "fund".
11	B. After compliance with the requirements of Article VII, Section 9(B)
12 of the Constitution of Louisiana, relative to the Bond Security and Redemption
13 Fund, and after a sufficient amount is allocated from that fund to pay all of the
14 obligations secured by the full faith and credit of the state which become due
15 and payable within any fiscal year, the treasurer shall deposit into the fund sales
16 tax proceeds remitted to the state by the Department of Corrections from the
17 sale of arts and crafts items produced by inmates at correctional facilities owned
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 153
SLS 23RS-387	ENGROSSED
1 and administered by the state.
2	C. Monies in the fund shall be invested by the state treasurer in the same
3 manner as monies in the state general fund and investment earnings shall be
4 deposited into the state general fund.
5	D. Monies in the fund shall be appropriated for capital outlay and major
6 repairs at each correctional facility in proportion to the sales at each facility.
7 Section 2.  This Act shall become effective upon signature by the governor or, if not
8 signed by the governor, upon expiration of the time for bills to become law without signature
9 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
10 vetoed by the governor and subsequently approved by the legislature, this Act shall become
11 effective on the day following such approval.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Curry Lann.
DIGEST
SB 153 Engrossed 2023 Regular Session	Womack
Proposed law creates the Correctional Facility Capital Outlay Fund within the state treasury
for capital outlay and major repairs at correctional facilities. 
Proposed law requires the treasurer to deposit sales tax proceeds remitted to the state by the
Department of Corrections from the sale of arts and crafts items produced by inmates at
correctional facilities owned and administered by the state after compliance with the
requirements of the present constitution, relative to the Bond Security and Redemption Fund,
and after a sufficient amount is allocated from that fund to pay all of the obligations of the
state within any fiscal year.
Proposed law requires monies in the fund to be appropriated for capital outlay and major
repairs at each correctional facility in proportion to the sales at each facility.
Effective upon signature of the governor or lapse of time for gubernatorial action. 
(Adds R.S. 39:100.59.3)
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.