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LA HB27
LA HB27(Constitutional Amendment) Provides relative to application of nonrecurring state monies to state retirement system unfunded accrued liabilities (OR NO IMPACT APV)
summary
Introduced
01/21/2026
01/21/2026
In Committee
01/21/2026
01/21/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
A JOINT RESOLUTION Proposing to amend Article VII, Section 10(D)(2)(b)(iii) of the Constitution of Louisiana, relative to application of certain state monies to state retirement system unfunded accrued liability; to remove requirement that such monies be applied to the oldest system liabilities first; to provide for submission of the proposed amendment to the electors; and to provide for related matters. Notice of intention to introduce this Act has been published as provided by Article X, Section 29(C) of the Constitution of Louisiana.
AI Summary
This bill proposes a constitutional amendment to change how the state of Louisiana applies certain one-time state funds, known as nonrecurring monies, to its retirement systems. Currently, the law requires that at least 25% of these nonrecurring monies, starting from Fiscal Year 2024-2025, must be used to address the unfunded accrued liability of state retirement systems, which is the amount of money the systems owe to retirees beyond their current assets. The key change this bill seeks is to remove the requirement that these funds must first be applied to the oldest outstanding debts or liabilities of the retirement systems. Instead, the amendment would allow the retirement systems to apply these nonrecurring monies to any of their unfunded accrued liabilities, offering more flexibility in managing their financial obligations. The proposed amendment will be put before voters in a statewide election on November 3, 2026, for their approval or rejection.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
First appeared in the Interim Calendar on 1/23/2026. (on 01/23/2026)
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=26rs&b=HB27&sbi=y |
| Fiscal Note - Actuarial Note - HB27 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1447811 |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1434999 |
| Analysis - Digest of HB27 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1435002 |
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