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 maximum amount of recurring revenue from the State General Fund that can be appropriated for certain purposes. The calculation of this limit will consider factors such as population growth and changes in consumer price indices. Additionally, the bill specifies that any recurring revenue recognized above this growth limit can only be appropriated for nonrecurring expenses.

The bill also 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. Furthermore, any proposals 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 appropriations from the state general fund and dedicated funds comply with the new requirements set forth in R.S. 39:33.3, reinforcing fiscal responsibility and transparency in state financial management.

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)