Senate Bill No. 423, introduced by Senator Foil, amends the existing law regarding the East Baton Rouge Parish Riverside Centroplex Fund. The bill expands the permissible uses of the fund's monies to include not only capital improvements but also operations at the Riverside Centroplex, the Louisiana Arts and Science Museum, Riverfront Promenade, and related projects within the Riverfront Development Plan, all located in Baton Rouge. Additionally, the bill changes the designation from the Louisiana Arts and Science Center to the Louisiana Arts and Science Museum.

The legislation ensures that all unexpended and unencumbered funds remain in the Riverside Centroplex Fund and mandates that the treasurer invest these funds similarly to the state general fund, with any interest earned being deposited into the state general fund. The bill is set to take effect on July 1, 2026.

Statutes affected:
SB423 Original: 47:2(B)