This bill amends existing laws related to state finances, specifically focusing on the establishment of a "Government Growth Limit" as defined in the newly enacted R.S. 39:33.3. The Revenue Estimating Conference is tasked with determining this growth limit annually, which will dictate the appropriation of recurring revenue from the State General Fund. The bill outlines the calculation of the growth limit based on population changes and consumer price indices, and it specifies that appropriations exceeding this limit can only be made for nonrecurring expenses. Additionally, the bill clarifies that certain funds, such as federal funds and self-generated collections, are exempt from this growth limit.

Furthermore, the bill modifies existing provisions regarding the executive budget and appropriations. It mandates that executive budget recommendations for recurring revenue must not exceed the established government growth limit. It also requires that any proposal by the governor to exceed either the expenditure limit or the government growth limit must be itemized separately from the executive budget. The bill ensures that all appropriations from the state general fund and dedicated funds conform to the new requirements set forth in R.S. 39:33.3. The act will take effect upon the successful adoption of a related constitutional amendment.

Statutes affected:
HB13 Original: 39:34(C), 39:38(B), 39:54(C)
HB13 Engrossed: 39:34(C), 39:38(B), 39:54(C)
HB13 Reengrossed: 39:34(C), 39:38(B), 39:54(C)
HB13 Enrolled: 39:34(C), 39:38(B), 39:54(C)
HB13 Act 14: 39:34(C), 39:38(B), 39:54(C)