SLS 23RS-325 ENGROSSED 2023 Regular Session SENATE CONCURRENT RESOL UTION NO. 3 BY SENATOR CORTEZ FISCAL CONTROLS. Provides for the expenditure limit for Fiscal Year 2022-2023 and Fiscal Year 2023-2024. (2/3-CA7s10) 1 A CONCURRENT RESOL UTION 2 To direct the commissioner of administration to change the expenditure limit for Fiscal Year 3 2022-2023 and Fiscal Year 2023-2024. 4 WHEREAS, the expenditure limit provided for in Article VII, Section 10(C)(1) for 5 Fiscal Year 2022-2023 is established as Fifteen Billion Eight Hundred Eighty-Nine Million 6 Two Hundred Sixty-Three Thousand Three Hundred Forty-Two and No/100 7 ($15,889,263,342.00) Dollars; and 8 WHEREAS, the expenditure limit provided for in Article VII, Section 10(C)(1) for 9 Fiscal Year 2023-2024 is established as Sixteen Billion Four Hundred Ninety-Seven Million 10 Seven Hundred Twenty-One Thousand Two Hundred Fifty-Two and No/100 11 ($16,497,721,252.00) Dollars; and 12 WHEREAS, Article VII, Section 10(C)(2) of the Constitution of Louisiana provides 13 that the expenditure limit may be changed in any fiscal year by a favorable vote of two-thirds 14 of the elected members of each house and that any such change in the expenditure limit shall 15 be approved by the passage of a specific legislative instrument which clearly states the intent 16 to change the limit; and 17 WHEREAS, R.S. 39:52.1 of the Louisiana Revised Statutes of 1950 provides that 18 a change to the expenditure limit shall be made pursuant to a concurrent resolution adopted Page 1 of 2 SCR NO. 3 SLS 23RS-325 ENGROSSED 1 by a favorable vote of two-thirds of the elected members of each house directing the 2 commissioner of administration to change the expenditure limit to a designated amount for 3 a specified fiscal year. 4 THEREFORE, BE IT RESOLVED that the Legislature of Louisiana, two-thirds of 5 the elected members of each house concurring, does hereby direct the commissioner of 6 administration to increase the expenditure limit for Fiscal Year 2022-2023 by the amount 7 of Seven Hundred Sixty-Six Million Two Hundred Thirty-Four Thousand Four Hundred 8 Sixteen and No/100 ($766,234,416.00) Dollars to change the expenditure limit for Fiscal 9 Year 2022-2023 to Sixteen Billion Six Hundred Fifty-Five Million Four Hundred Ninety- 10 Seven Thousand Seven Hundred Fifty-Eight and No/100 ($16,655,497,758.00) Dollars and 11 to increase the expenditure limit for Fiscal Year 2023-2024 by the amount Seven Hundred 12 Sixty-Six Million Two Hundred Thirty-Four Thousand Four Hundred Sixteen and No/100 13 ($766,234,416.00) Dollars to change the expenditure limit for Fiscal Year 2023-2024 to 14 Seventeen Billion Two Hundred Sixty-Three Million Nine Hundred Fifty-Five Thousand Six 15 Hundred Sixty-Eight and No/100 ($17,263,955,668.00) Dollars. The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Tracy Sabina Sudduth. DIGEST SCR 3 Engrossed 2023 Regular Session Cortez Directs the commissioner of administration to change the expenditure limit for FY 2022- 2023 from $15,889,263,342 to $16,655,497,758. Directs the commissioner of administration to change the expenditure limit for FY 2023- 2024 from $16,497,721,252 to $17,263,955,668. Page 2 of 2