LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: HB 653 HLS 24RS 307
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: May 24, 2024 4:34 PM Author: VENTRELLA
Dept./Agy.: Treasury/Legislative Auditor
Subject: Commemorative Pet Stamp Analyst: Tanesha Morgan
AGRICULTURE EN NO IMPACT See Note Page 1 of 1
Creates the Louisiana Commemorative Pet Stamp Program
Proposed law creates the LA Commemorative Pet Stamp Program which will be regulated by the LA Pet Overpopulation
Advisory Council. Creates a fund in the state treasury, to be known as the Commemorative Pet Stamp Fund. Proposed law
provides that the funds would be used by the council to support its spay and neuter programs and other related projects.
Proposed law authorizes the council to promote the commemorative pet stamps for no less than $15 for residents and
nonresidents. Proposed law provides that the council may distribute the monies annually to qualified entities in support of
their spay and neuter operations. Proposed law authorizes the council to expend no more than 15% of the revenues received
annually pursuant to promotion, marketing, and administrative costs associated with such program.
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. SEE BELOW $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
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. $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
EXPENDITURE EXPLANATION
The proposed law creates the Commemorative Pet Stamp Fund. Creating a new statutory dedication within the state
treasury will result in a marginal workload increase for the Department of Treasury, which can generally be absorbed within
existing resources. However, to the extent other legislative instruments create new statutory dedications, there may be
material additional costs associated with the aggregate effort to administer these funds. The Treasury performs fund
accounting, financial reporting, banking, and custodial functions for 443 special funds. When unable to absorb additional
workload with existing resources, the Treasury anticipates it will be required to add one T.O. position at a total personnel
services cost of approximately $95,000, plus approximately $2,450 for a one-time purchase of office equipment. These
expenditures are assumed to be SGR in this fiscal note.
REVENUE EXPLANATION
There is no anticipated direct material effect on governmental revenues as a result of this measure. Proposed law creates
the Commemorative Pet Stamp Fund but does not provide a recurring source of revenues. Monies deposited into the fund
will be contingent upon the sale of commemorative stamps, appropriations, transfers, donations, gifts, and grants.
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