DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 162 Engrossed 2024 Regular Session Beaullieu
Abstract: Limits the withdrawal of monies from the Capital Outlay Savings Fund for capital outlay
projects except by a specific appropriation made in a bill enacted by the legislature.
Present law provides for the Capital Outlay Savings Fund (fund) as a special fund in the state
treasury and restricts use of the monies in the fund to capital outlay projects and to allocation or
appropriation of funds into the Budget Stabilization Fund. Further provides that if a project included
in the capital outlay budget that has a state general fund (SGF) appropriation is deemed null or is
vetoed, the state treasurer is directed to deposit into the fund an amount equal to the amount of the
appropriation deemed null or vetoed.
Proposed law retains present law but adds the limitation that the withdrawal of monies from the fund
to provide funding for capital outlay projects shall only be made by a specific appropriation made
in a bill enacted by the legislature.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 39:100.121(B)(1))