Modifies the funding formula used to determine minimum state funding allocations to parish councils on aging and increases the minimum aggregate total that is to be appropriated annually to the office of elderly affairs for such allocations (EG +$3,524,736 SD EX See Note)
Limits the amount of recurring State General Fund (Direct) revenues that may be appropriated in a fiscal year for recurring expenses and restricts use of such revenues above that limit (RE SEE FISC NOTE GF EX)
Provides for an optional exemption of business inventory from ad valorem taxes and to authorize the reduction of the fair market value percentage of business inventory under certain circumstances (EGF SEE FISC NOTE GF EX See Note)
Requires the Workforce Investment Council to perform an annual return on investment analysis relative to industry-based credentials earned in high school and provides for student data collection and sharing for this purpose (EN NO IMPACT FF EX See Note)