The resolution directs the commissioner of administration to increase the expenditure limit for the state of Louisiana for the Fiscal Years 2022-2023 and 2023-2024. Specifically, it proposes an increase of $250 million for FY 2022-2023, raising the limit to approximately $16.14 billion, and an increase of $1.4 billion for FY 2023-2024, bringing the limit to about $17.90 billion. This adjustment is intended to address critical infrastructure needs, including deferred maintenance in higher education institutions, transportation projects, and coastal restoration efforts, without increasing future expenditure obligations.

The resolution emphasizes the importance of these investments for the state's economic growth and stability, particularly in light of the significant backlogs and urgent projects that require funding. It highlights the necessity of utilizing surplus and excess revenue for one-time investments to prevent constraints on future operating expenses. The resolution is supported by a two-thirds majority of elected members from both houses of the Louisiana Legislature, in accordance with the state's constitutional provisions regarding expenditure limits.