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 various initiatives, including $100 million for criminal justice and $285 million for the Highway Priority Program. The bill also allows for the retention of unexpended funds in the Water Sector Fund and the Community Options Waiver Fund, while requiring specific appropriations for withdrawals from the Capital Outlay Savings Fund.

Key changes include an increase in the annual deposit cap for the Department of Justice Legal Support Fund from $10 million to $15 million and the repeal of the Louisiana Transparency Fund. The bill mandates the state treasurer to transfer funds from the State General Fund to various accounts, including $81 million to the Budget Stabilization Fund and $10 million to the Coastal Protection and Restoration Fund. Additionally, it repeals R.S. 24:586 entirely and allows for appropriations from the Revenue Stabilization Trust Fund to address emergency conditions, requiring a two-thirds concurrence from both legislative houses. The bill outlines a staggered implementation schedule for its provisions, with some taking effect upon the governor's signature and others on specified future dates.

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)