House Bill No. 290, introduced by Representative McFarland, aims to re-create the Department of the Treasury and its associated statutory entities, effective June 30, 2026. The bill modifies the existing termination dates for these entities, changing the cessation of their operations from July 1, 2027, to July 1, 2031. It establishes that the Department of the Treasury and its statutory entities will begin to terminate operations on July 1, 2030, unless the department is re-created before that date. The bill also supersedes conflicting provisions of the Sunset Law regarding the review and re-creation process for statutory entities.

Additionally, the bill enacts new legal language by adding R.S. 49:191(3)(b), which specifies the new termination date for the Department of the Treasury and its statutory entities, while repealing R.S. 49:191(1)(i) in its entirety. This legislative change streamlines the process for the department's continuation and ensures its operations are maintained for an extended period, reflecting the legislature's intent to support the ongoing functions of the Department of the Treasury.

Statutes affected:
HB290 Original: 49:191(1)
HB290 Engrossed: 49:191(1)