This bill amends several sections of Louisiana law concerning treasury funds, focusing on the transfer, deposit, and utilization of funds for various purposes. It empowers the state treasurer to transfer substantial amounts from the State General Fund to dedicated funds, including $144,268,468 to the Budget Stabilization Fund, along with smaller allocations to the Voting Technology Fund, Oil and Gas Regulatory Dedicated Fund Account, and Criminal Justice Priority Fund. The legislation also establishes new funds, such as the Criminal Justice Technology Innovation Fund and the Strategic Investments Across Louisiana Fund, while modifying existing funds like the Louisiana Early Childhood Education Fund and the Local Revenue Fund. Additionally, it mandates that cash balances from state funds appropriated to the Department of Education be deposited into the Louisiana Early Childhood Education Fund for Fiscal Year 2025-2026.

Moreover, the bill introduces a "Self-Insurance Fund" within the Department of the Treasury, funded by premiums from state agencies, to cover extraordinary medical and dental expenses for firemen and law enforcement officers. It raises the annual deposit limit for the Department of Justice Legal Support Fund from fifteen million to twenty million dollars and allows certain contracts to bypass prior approval from the Joint Legislative Committee on the Budget. The bill also requires the state treasurer to invest the Site Investment and Infrastructure Improvement Fund in a separate portfolio, with investment income benefiting Louisiana Economic Development. Lastly, it authorizes appropriations from the Revenue Stabilization Trust Fund for emergency conditions in Fiscal Year 2026-2027 and outlines effective dates for various sections of the bill.

Statutes affected:
HB313 Engrossed:
HB313 Enrolled: 17:30(B), 39:118(B), 39:256(D), 39:1533(A), 48:197(B)(3), 49:259(B)(1), 51:2316(B)(2)
HB313 Act 636: 17:30(B), 39:118(B), 39:256(D), 39:1533(A), 48:197(B)(3), 49:259(B)(1), 51:2316(B)(2)