This bill amends several sections of Louisiana law to enhance the management and allocation of treasury funds, introducing new funds such as the Criminal Justice and First Responder Fund, the Higher Education Campus Revitalization Fund, and the Louisiana Transportation Infrastructure Fund. It allocates significant amounts for specific programs, including $285,715,100 for the Highway Priority Program and $25 million for road transfer needs. The bill also establishes provisions for retaining unexpended and unencumbered funds at the end of each fiscal year, ensuring their availability for future use. Notably, it increases the annual deposit limit for the Department of Justice Legal Support Fund from ten million to fifteen million dollars and repeals the Louisiana Transparency Fund, while imposing new limitations on withdrawals from the Capital Outlay Savings Fund.

Additionally, the bill addresses emergency conditions by repealing R.S. 24:586 entirely and authorizing the treasurer to transfer $10,000,000 from the State General Fund to the Coastal Protection and Restoration Fund. It allows for appropriations from the Revenue Stabilization Trust Fund for emergency conditions in the Fiscal Year 2024-2025, contingent upon a two-thirds concurrence from both legislative houses. The bill includes staggered effective dates for its provisions, with some taking effect upon the governor's signature and others on specified future dates, facilitating a gradual transition to the new legal framework.

Statutes affected:
HB786 Engrossed: 17:30(D)(1)
HB786 Reengrossed: 17:30(D)(1)
HB786 Enrolled: 39:52(B), 39:62(B)(1), 39:121(B)(1), 49:259(B)(1)
HB786 Act 723: 39:52(B), 39:62(B)(1), 39:121(B)(1), 49:259(B)(1)