This bill amends existing Louisiana state finance laws to establish a "Government Growth Limit," which will be determined annually by the Revenue Estimating Conference. The growth limit will dictate the maximum amount of recurring revenue from the State General Fund that can be appropriated for certain purposes. The bill outlines the calculation of this limit, which will be based on a combination of population growth and changes in consumer price indices over the previous five years. Additionally, it specifies that if the growth factor is negative, the limit will default to the previous year's appropriations.

The bill also introduces new requirements for the executive budget, stating that recommendations for appropriations must not exceed the established growth limit. It mandates that any proposal by the governor to exceed either the expenditure limit or the growth limit must be itemized separately. Furthermore, appropriations from the state general fund and dedicated funds must conform to the new growth limit requirements. The bill will take effect only if a related constitutional amendment is approved in a statewide election.

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)