HLS 24RS-443 ORIGINAL
2024 Regular Session
HOUSE BILL NO. 786
BY REPRESENTATIVE MCFARLAND
FUNDS/FUNDING: Provides for the transfer, deposit, and use of monies among state funds
1 AN ACT
2To provide relative to certain treasury funds; to provide for the transfer, deposit, and use, as
3 specified, of monies in certain treasury funds and accounts; to provide for an
4 effective date; and to provide for related matters.
5Be it enacted by the Legislature of Louisiana:
6 Section 1. Notwithstanding any provision of law to the contrary, the state treasurer
7is hereby authorized and directed to transfer $81,359,358 to be comprised wholly of
8nonrecurring revenues out of the State General Fund from the Fiscal Year 2022-2023
9surplus, as recognized by the Revenue Estimating Conference, to the Budget Stabilization
10Fund.
11 Section 2. This Act shall become effective upon signature by the governor or, if not
12signed by the governor, upon expiration of the time for bills to become law without signature
13by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
14vetoed by the governor and subsequently approved by the legislature, this Act shall become
15effective on the day following such approval.
Page 1 of 2 HLS 24RS-443 ORIGINAL
HB NO. 786
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 786 Original 2024 Regular Session McFarland
Abstract: Transfers state general fund monies to certain special funds and accounts in the
state treasury.
Proposed law transfers 25% of the FY 2022-2023 surplus ($81,359,358) to the Budget
Stabilization Fund.
Effective upon signature of governor or lapse of time for gubernatorial action.
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