summary
Introduced
04/04/2025
04/04/2025
In Committee
05/06/2025
05/06/2025
Crossed Over
Passed
Dead
06/12/2025
06/12/2025
Introduced Session
Potential new amendment
2025 Regular Session
Bill Summary
AN ACT To amend and reenact R.S. 30:86(A)(1) and 2483(B) through (E), R.S. 39:94(A), (B), and (C)(5), 98.1, 98.4(A) and (F), 100.116(A)(1) through (3), (9), (10), and (12) and (B), and 100.112, R.S. 49:214.5.4(B) through (J), and R.S. 51:639.8(C) and (E)(1), to enact R.S. 30:86(I) through (K) and 2483(F) and (G) and R.S. 51:639.8(H), and to repeal R.S. 39:98.3(E), 100.116(A)(11) and (13), (C), and (D) and R.S. 49:214.5.4(K), relative to finances of the state; to provide for certain treasury funds; to provide for the transfer, deposit, and use, as specified, of monies in certain treasury funds and accounts; to provide for the investment of certain treasury funds and accounts; to repeal certain treasury fund and accounts; to provide for effectiveness; and to provide for related matters.
AI Summary
This bill makes several technical changes to Louisiana's financial management statutes, primarily focusing on state funds and revenue allocation. The bill amends provisions related to multiple special funds, including the Oilfield Site Restoration Fund, Oil Spill Contingency Fund, Budget Stabilization Fund, Millennium Trust, Revenue Stabilization Fund, Coastal Protection and Restoration Fund, and Artificial Reef Development Fund. Key changes include adjusting how funds are deposited, invested, and used, updating references to constitutional sections, and modifying reporting requirements. Notably, the bill increases the Budget Stabilization Fund's maximum balance to seven and one-half percent of total state revenue receipts, allows all unexpended funds to remain in their respective special funds at the end of each fiscal year, and mandates quarterly reporting for some funds. The bill also repeals certain existing funds like the Revenue Stabilization Fund and the Mineral Revenue Audit and Settlement Fund, with remaining balances to be transferred to the state general fund. Many of these changes are contingent on the adoption of a related constitutional amendment, and the bill includes specific effective dates for different sections depending on that amendment's passage.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Becomes HB 683. (on 05/07/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=HB599&sbi=y |
| Fiscal Note - HB599 Original With Proposed House Cmte Amendments | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1411461 |
| House Committee Amendment #2144 APP Draft | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1410870 |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1404544 |
| Analysis - Digest of HB599 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1404563 |
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