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 433 Original 2025 Regular Session Deshotel
Abstract: Establishes the Site Investment and Infrastructure Improvement Fund and provides for
the transfer, deposit, and use of monies in the fund
Proposed law establishes the Site Investment and Infrastructure Improvement Fund (fund) as a
special fund in the state treasury. Requires monies in the fund to be invested in the same manner as
monies in the state general fund and that interest earned on investment of monies in the fund are to
be credited to the state general fund.
Proposed law provides for a one-time initial deposit of $150 M into the fund from the state general
fund in the current fiscal year. Requires the state treasurer to deposit 10% of all recurring state
general fund revenue, not to exceed $50 M in any fiscal year, as recognized by the Revenue
Estimating Conference (REC) in excess of the Official Forecast at the beginning of the current fiscal
year.
Proposed law provides that monies shall be appropriated for site investment and infrastructure
improvements for economic development projects. Requires the department to adopt and promulgate
rules for the administration of the fund. Allows for the adoption of emergency rules.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Adds R.S. 51:2316)