HLS 25RS-691 ORIGINAL
2025 Regular Session
HOUSE BILL NO. 433
BY REPRESENTATIVE DESHOTEL
FUNDS/FUNDING: Establishes the Site Investment and Infrastructure Improvement Fund
in the state treasury
1 AN ACT
2To enact R.S. 51:2316, relative to special funds; to establish the Site Investment and
3 Infrastructure Improvement Fund as a special fund in the state treasury; to provide
4 for the transfer, deposit, and use, as specified, of monies in the Site Investment and
5 Infrastructure Improvement Fund; to provide for the powers and duties of the state
6 treasurer; to provide for the powers and duties of Louisiana Economic Development;
7 to provide an effective date; and to provide for related matters.
8Be it enacted by the Legislature of Louisiana:
9 Section 1. R.S. 51:2316 is hereby enacted to read as follows:
10 ยง2316. Site Investment and Infrastructure Improvement Fund
11 A. There is hereby established in the state treasury, as a special fund, the Site
12 Investment and Infrastructure Improvement Fund, hereinafter referred to as the
13 "fund".
14 B.(1) The source of monies in the fund shall be as follows:
15 (a) Beginning in Fiscal Year 2025-2026 and each fiscal year thereafter, the
16 state treasurer is directed to deposit into the fund ten percent of all recurring state
17 general fund revenue, not to exceed fifty million dollars in any fiscal year, as
18 recognized by the Revenue Estimating Conference in excess of the Official Forecast
19 at the beginning of the current fiscal year.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 25RS-691 ORIGINAL
HB NO. 433
1 (b) Monies designated for the fund and received by the state treasurer from
2 donations, gifts, grants, appropriations, or other revenue.
3 (2) Monies in the fund shall be invested in the same manner as monies in the
4 state general fund. Interest earned on investment of monies in the fund shall be
5 deposited into the state general fund. Unexpended and unencumbered monies in the
6 fund at the end of the fiscal year shall remain in the fund.
7 C.(1) Subject to appropriation by the legislature to Louisiana Economic
8 Development, monies in the fund shall be used solely for economic development
9 efforts, specifically for site investment and infrastructure improvements for
10 economic development projects.
11 (2) In accordance with the Administrative Procedure Act, Louisiana
12 Economic Development is hereby authorized and directed to adopt and promulgate
13 rules necessary for implementation and administration of the provisions of Paragraph
14 (1) of this Subsection. Notwithstanding any law to the contrary, such rules may be
15 promulgated by emergency rule.
16 Section 2. Notwithstanding any provision of the law to the contrary, the state
17treasurer is hereby authorized and directed to transfer one-hundred fifty million dollars from
18the State General Fund (Direct) into the Site Investment and Infrastructure Improvement
19Fund for Fiscal Year 2024-2025.
20 Section 3. This Act shall become effective upon signature by the governor or, if not
21signed by the governor, upon expiration of the time for bills to become law without signature
22by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
23vetoed by the governor and subsequently approved by the legislature, this Act shall become
24effective on the day following such approval.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 25RS-691 ORIGINAL
HB NO. 433
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)
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.