The proposed bill seeks to amend the Louisiana Constitution by repealing the Revenue Stabilization Trust Fund and modifying the Budget Stabilization Fund. Key changes include the repeal of several sections governing the Revenue Stabilization Trust Fund and the allocation of mineral revenues. The bill proposes to increase the cap on the Budget Stabilization Fund from 4% to 7.5% of total state revenue receipts from the previous fiscal year, allowing for greater flexibility in managing state funds. It also aims to streamline the deposit process for certain revenues into the Budget Stabilization Fund and make technical adjustments to align with these changes.

Additionally, the bill outlines provisions for the remainder of Fiscal Year 2026-2027, permitting the deposit of mineral revenues exceeding $950 million into the Budget Stabilization Fund while maintaining existing constitutional requirements. The proposed amendments will be submitted to voters for approval during the statewide election on November 3, 2026. The bill includes the repeal of existing language that exempts certain funds from being calculated and deposited into the Budget Stabilization Fund, as well as modifications to the disposition of mineral revenues. Overall, these changes aim to enhance the state's financial stability and streamline the management of mineral revenues.