HLS 25RS-358 ORIGINAL
2025 Regular Session
HOUSE BILL NO. 460
BY REPRESENTATIVE MCFARLAND
APPROPRIATIONS/SUPPLEML: Makes supplemental appropriations for Fiscal Year
2024-2025
1 AN ACT
2To appropriate funds and to make certain reductions from certain sources to be allocated to
3 designated agencies and purposes in specific amounts for the making of
4 supplemental appropriations and reductions for said agencies and purposes for Fiscal
5 Year 2024-2025; to provide for an effective date; and to provide for related matters.
6Be it enacted by the Legislature of Louisiana:
7 Section 1. The following sums are hereby appropriated from the sources specified for
8the purpose of making supplemental appropriations for Fiscal Year 2024-2025.
9 SCHEDULE 18
10 RETIREMENT SYSTEMS
11In accordance with the Constitution Article VII, Section 10(D)(2)(b)(iii), funding to the
12Louisiana State Employees' Retirement System, the Teachers' Retirement System of
13Louisiana, the Louisiana School Employees' Retirement System, and the Louisiana State
14Police Retirement System for application to the balance of each system's oldest unfunded
15accrued liability.
1618-571LOUISIANA SCHOOL EMP LOYEES' RETIREMENT SYSTEM
17EXPENDITURES:
18 To the Louisiana School Employees' Retirement System $ 5,520,766
19 TOTAL EXPENDITURES $ 5,520,766
20MEANS OF FINANCE
21State General Fund (Direct) from the FY 2023-2024
22surplus certified by the commissioner of administration
23at the January 16, 2025, meeting of the Joint
24Legislative Committee on the Budget and recognized
25by the Revenue Estimating Conference $ 5,520,766
26 TOTAL MEANS OF FINANCING: $ 5,520,766
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HB NO. 460
118-575LOUISIANA STATE POLICE RETIREMENT SYSTEM
2EXPENDITURES:
3 To the Louisiana State Police Retirement System $ 3,476,988
4 TOTAL EXPENDITURES $ 3,476,988
5MEANS OF FINANCE
6State General Fund (Direct) from the FY 2023-2024
7surplus certified by the commissioner of administration
8at the January 16, 2025, meeting of the Joint
9Legislative Committee on the Budget and recognized
10by the Revenue Estimating Conference $ 3,476,988
11 TOTAL MEANS OF FINANCING: $ 3,476,988
1218-585LOUISIANA STATE EMPLOYEES' RETIREMENT SYSTEM-
13 CONTRIBUTIONS
14EXPENDITURES:
15 To the Louisiana State Employees' Retirement System $60,246,955
16 TOTAL EXPENDITURES $60,246,955
17MEANS OF FINANCE:
18State General Fund (Direct) from the FY 2023-2024
19surplus certified by the commissioner of administration
20at the January 16, 2025, meeting of the Joint
21Legislative Committee on the Budget and recognized
22by the Revenue Estimating Conference $60,246,955
23 TOTAL MEANS OF FINANCING $60,246,955
2418-586TEACHERS' RETIREMENT SYSTEM-CONTRIBUTIONS
25EXPENDITURES:
26 To the Teachers' Retirement System of Louisiana $79,527,287
27 TOTAL EXPENDITURES $79,527,287
28MEANS OF FINANCE
29State General Fund (Direct) from the FY 2023-2024
30surplus certified by the commissioner of administration
31at the January 16, 2025, meeting of the Joint
32Legislative Committee on the Budget and recognized
33by the Revenue Estimating Conference $79,527,287
34 TOTAL MEANS OF FINANCING: $79,527,287
35 Section 2. This Act shall become effective upon signature by the governor or, if not
36signed by the governor, upon expiration of the time for bills to become law without signature
37by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
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HB NO. 460
1vetoed by the governor and subsequently approved by the legislature, this Act shall become
2effective on the day following such approval.
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 460 Original 2025 Regular Session McFarland
Appropriates supplemental funding for Fiscal Year 2024-2025. Appropriates $148,771,996
of State General Fund (Direct) of nonrecurring revenue out of the surplus from Fiscal Year
2023-2024 for unfunded accrued liability in state retirement systems.
Effective upon signature of the governor or lapse of time for gubernatorial action.
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