House Bill No. [insert bill number] establishes the Revenue Sharing Distribution for Fiscal Year 2026-2027 in Louisiana, allocating a total of $90 million to various local government entities, referred to as "tax recipient bodies." These include the city of New Orleans, parish governing authorities, and school boards, while excluding certain districts like the Red River Waterway District and specific levee districts. The distribution of funds will be based on each parish's population (80% of the fund) and the number of homesteads (20% of the fund). The state treasurer is tasked with distributing these funds in three installments throughout the fiscal year, ensuring that certain payments, such as the sheriff's commission and retirement system deductions, are prioritized before any remaining funds are classified as "excess funds."

The bill also outlines provisions for the reimbursement of taxes lost due to homestead exemptions, establishing a special fund for tax collectors' commissions and retirement contributions. It details the distribution process for excess funds, ensuring equitable allocation among tax recipient bodies while adhering to constitutional limitations. Specific provisions are included for various parishes regarding the allocation of excess funds, emphasizing the need for legislative approval for certain expenditures and requiring local authorities to provide necessary information for verification. Overall, the bill aims to create a structured and equitable approach to revenue sharing among local entities in Louisiana for the specified fiscal year.