This bill amends 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 various programs, including $285,715,100 for the Highway Priority Program and $75 million for the College and University Deferred Maintenance and Capital Improvement Fund. The bill also mandates that any unexpended and unencumbered funds at the end of each fiscal year remain in their respective funds, ensuring better financial oversight.

Key changes include an increase in the annual deposit cap for the Department of Justice Legal Support Fund from ten million to fifteen million dollars, and the repeal of the Louisiana Transparency Fund. The bill also introduces new regulations for withdrawing funds from the Capital Outlay Savings Fund, requiring specific appropriations. Additionally, it allows for a $10 million transfer from the State General Fund to the Coastal Protection and Restoration Fund and permits appropriations from the Revenue Stabilization Trust Fund for emergency conditions, contingent on a two-thirds legislative approval. The bill outlines staggered effective dates for its provisions, facilitating a gradual implementation of 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)