House Bill No. by Representative McFarland proposes supplemental appropriations for Fiscal Year 2025-2026, allocating a total of $144,268,468 from the State General Fund (Direct) derived from the surplus of Fiscal Year 2024-2025. The bill specifically designates funds to various state retirement systems, including the Louisiana School Employees' Retirement System, the Louisiana State Police Retirement System, the Louisiana State Employees' Retirement System, and the Teachers' Retirement System of Louisiana, to address their unfunded accrued liabilities. The appropriations include $4,784,189 for the Louisiana School Employees' Retirement System, $1,796,271 for the Louisiana State Police Retirement System, $59,986,989 for the Louisiana State Employees' Retirement System, and $77,701,019 for the Teachers' Retirement System.

The bill outlines the means of financing these appropriations, which are sourced from the certified surplus recognized by the Revenue Estimating Conference and the Joint Legislative Committee on the Budget. The effective date of the bill is contingent upon the governor's signature or the expiration of the time for bills to become law without the governor's signature, as stipulated by the Louisiana Constitution.