FUNDS/FUNDING: (Constitutional Amendment) Revises Article VII of the Constitution of La. (OR -$139,000,000 GF RV See Note)

HB 472 proposes a constitutional amendment to revise how Louisiana manages its state funds. The bill eliminates the existing Revenue Stabilization Trust Fund and redirects certain state revenues to the Budget Stabilization Fund. It also increases the maximum amount that can be held in the Budget Stabilization Fund, raising it from four percent to seven and one-half percent of the previous year's total state revenue receipts. This measure aims to align constitutional rules for depositing money into the Budget Stabilization Fund and will be submitted to voters for approval.