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LA SB163
Bill
AI Summary
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Creates the Reserve Fund as a special fund in the Louisiana state treasury under R.S. 39:100.271
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Allows money to be deposited into the fund through transfers, donations, or appropriations by the legislature
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Unexpended and unencumbered monies remain in the fund at the end of each fiscal year and do not lapse
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Fund monies are invested by the state treasurer in the same manner as general fund monies, with interest earnings credited back to the fund
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Withdrawals from the fund require an appropriation by the legislature
Legislative Description
Provides for the creation, transfer, dedication, deposit, and use of certain funds. (gov sig) (OR SEE FISC NOTE SG EX)
FUNDS/FUNDING
Last Action
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Finance.
4/14/2025