Senate Bill No. [insert bill number] proposes the establishment of the Reserve Fund as a special fund within the state treasury of Louisiana. This new fund will be created under Subpart FF of Part II-A of Chapter 1 of Subtitle I of Title 39 of the Louisiana Revised Statutes. The bill outlines that any money transferred, donated, or appropriated to the Reserve Fund by the legislature will be deposited into it. Additionally, all unexpended and unencumbered funds at the end of the fiscal year will remain in the Reserve Fund, which will be invested by the state treasurer in a manner similar to the state general fund, with any interest earned credited back to the fund.

Withdrawals from the Reserve Fund will only be permitted through an appropriation by the legislature, ensuring that the fund is managed with legislative oversight. The bill is set to take effect upon the governor's signature or, if not signed, after the expiration of the time for bills to become law without signature. This legislation aims to enhance the management and utilization of state funds, providing a structured approach to the creation and use of the Reserve Fund.