House Bill No. [insert number] amends and reenacts specific sections of Louisiana's Revised Statutes concerning state government finances, particularly focusing on the Revenue Estimating Conference and the executive budget. The bill mandates that the Revenue Estimating Conference's official forecast must now include projections for the current fiscal year, the ensuing fiscal year, and the two subsequent fiscal years, along with estimates of available funds from fees, self-generated revenues, and dedicated funds. Additionally, it requires a designation of nonrecurring and recurring funds within the forecast.

Furthermore, the bill introduces new requirements for the executive budget, including a detailed listing of incentive expenditure programs by department, which must be presented separately from operating expenses. Starting in Fiscal Year 2024-2025, the budget must also summarize information related to projected revenues and costs for the following two fiscal years, ensuring that sufficient revenues are anticipated to cover projected expenses. This comprehensive approach aims to enhance transparency and accountability in state financial planning.

Statutes affected:
HB166 Original: 39:24(A), 39:36(A)(7)
HB166 Engrossed: 39:24(A), 39:36(A)(7)
HB166 Enrolled: 39:24(A), 39:36(A)(7)