Senate Bill No. [insert bill number] proposes the establishment of the Reserve Fund as a special fund within the state treasury of Louisiana. This new fund will be created under Subpart FF of Part II-A of Chapter 1 of Subtitle I of Title 39 of the Louisiana Revised Statutes of 1950, specifically outlined in R.S. 39:100.271. The bill details the processes for the transfer, dedication, deposit, and use of funds, stipulating that any money appropriated or donated to the Reserve Fund will be deposited therein. Additionally, it mandates that all unexpended and unencumbered funds at the end of the fiscal year will remain in the Reserve Fund and be invested by the state treasurer, with any interest earned credited back to the fund.

Withdrawals from the Reserve Fund will only be permitted through legislative appropriation, ensuring that the fund is managed with oversight. The bill is set to take effect upon the governor's signature or, if not signed, after the designated time for bills to become law without signature, as outlined in the Louisiana Constitution. This legislation aims to enhance the state's financial management by creating a dedicated fund for specific purposes, thereby promoting fiscal responsibility and transparency.