HLS 24RS-837 ENGROSSED 2024 Regular Session HOUSE BILL NO. 537 BY REPRESENTATIVE BOURRIAQUE WILDLIFE & FISHERIES: Reallocates money received from fur trapping licenses 1 AN ACT 2To amend and reenact R.S. 56:266(D)(1), relative to appropriations; to provide for 3 reallocation of money received from fur trapping licenses into the Louisiana Fur 4 Public Education and Marketing Fund; and to provide for related matters. 5Be it enacted by the Legislature of Louisiana: 6 Section 1. R.S. 56:266(D)(1) is hereby amended and reenacted to read as follows: 7 ยง266. Louisiana Fur Public Education and Marketing Fund 8 * * * 9 D. Appropriations 10 (1) All revenues received by the state from license fees imposed on trappers 11 as required in R.S. 56:251(A)(1) shall be credited to the Bond Security and 12 Redemption Fund. After a sufficient amount is allocated from that fund to pay all 13 obligations secured by the full faith and credit of the state which become due and 14 payable within any fiscal year, the state treasurer is authorized and directed to 15 transfer annually the amount of twenty dollars for each resident trapping license sold 16 and one hundred forty-five dollars for each nonresident trapping license sold, all 17 from revenues derived from the sale of said licenses, into a special fund designated 18 as the Louisiana Fur Public Education and Marketing Fund. 19 * * * Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 24RS-837 ENGROSSED HB NO. 537 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 537 Engrossed 2024 Regular Session Bourriaque Abstract: Changes the allocation of revenues received by the state from license fees imposed on trappers by directing all revenue to the Louisiana Fur Public Education and Marketing Fund. Present law requires all revenues received by the state from license fees imposed on trappers as required in present law (R.S. 56:251(A)(1)) be credited to the Bond Security and Redemption Fund. Present law provides that the state treasurer is authorized and directed to transfer annually excess revenues derived from the sale of such licenses into a special fund designated as the La. Fur Public Education and Marketing Fund, in the amount of $20 for each resident trapping license sold and $145 for each nonresident trapping license sold. Proposed law modifies present law by specifying that the state treasurer is authorized and directed to transfer annually all revenues derived from the sale of trapping licenses to the La. Fur Public Education and Marketing Fund. (Amends R.S. 56:266(D)(1)) Summary of Amendments Adopted by House The Committee Amendments Proposed by House Committee on Natural Resources and Environment to the original bill: 1. Delete "excess from" from provisions governing revenues received by the state from trapper licensing fees. The effect of the amendment is to authorize and direct the state treasurer to transfer annually all revenues derived from the licensing fees into the Louisiana Fur Public Education and Marketing Fund. Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions.