LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: HB 5 HLS 24RS 165
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: May 28, 2024 7:13 PM Author: OWEN, CHARLES
Dept./Agy.: Higher Education
Subject: Acceptance of Cash at Events Analyst: Chris Henry
PUBLIC FACILITIES EN SEE FISC NOTE SG RV Page 1 of 1
Provides relative to types of payment accepted at public events at public postsecondary education institutions
Proposed legislation would require all public postsecondary education institutions and management boards to accept cash as
a valid method of payment for goods sold at athletic and other public events including, but not limited to, merchandise and
concessions.
EXPENDITURES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
REVENUES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. SEE BELOW SEE BELOW SEE BELOW SEE BELOW SEE BELOW
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total
EXPENDITURE EXPLANATION
Proposed legislation would require all public postsecondary education institutions and management boards to accept cash as
a valid method of payment for goods sold at athletic and other public events including, but not limited to, merchandise and
concessions.
REVENUE EXPLANATION
LSU A&M receives a commission from its contracted third-party vendor on all concession sales and estimates an annual loss
of $75,000 in revenue from decreased sales at these events resulting from the added processing time to process cash
transactions. According to the institution, on average approximately 70,000 transactions occur on the LSU A&M campus
during the day of a home football game.
Senate Dual Referral Rules House
13.5.1 >= $100,000 Annual Fiscal Cost {S & H} 6.8(F)(1) >= $100,000 SGF Fiscal Cost {H & S}
Patrice Thomas
13.5.2 >= $500,000 Annual Tax or Fee 6.8(G) >= $500,000 Tax or Fee Increase
Change {S & H} or a Net Fee Decrease {S} Deputy Fiscal Officer