§ 39:33.1 — Determination of expenditure limit

Louisiana § 39:33.1

• Jurisdiction: Louisiana
• Title 39: Procurement and Contract

Text

§33.1. Determination of expenditure limit
A. The commissioner of administration shall submit a calculation for the expenditure
limit for the ensuing fiscal year to the Joint Legislative Committee on the Budget no later
than thirty-five days prior to each regular session.
B.(1) The expenditure limit for the ensuing fiscal year shall be the expenditure limit
for the current fiscal year plus an amount equal to that limit times the growth factor if the
growth factor is positive.
(2) The growth factor is defined as the average annual percentage rate of change of
personal income for Louisiana as defined and reported by the United States Department of
Commerce, or its successor agency, for the three calendar years prior to the fiscal year for
which the limit is calculated.
(3) The figures used for the calculation of the growth factor shall be those actual or
estimated figures most recently reported by the United States Department of Commerce at
the time the expenditure limit is submitted to the Joint Legislative Committee on the Budget.
(4) The annual percentage rate of change of personal income for the calendar year
immediately preceding the fiscal year for which the expenditure limit is calculated shall be
derived by:
(a) Computing the simple average of the available quarterly total personal income
estimates for that calendar year.
(b) Dividing that result by the reported annual estimate of total personal income for
the calendar year that is two years prior to the fiscal year for which the limit is calculated.
(c) Subtracting 1.0 from the result obtained in Subparagraph (b) of this Paragraph.
C. After review by the Joint Legislative Committee on the Budget, or its designated
staff, the commissioner of administration shall determine the state general fund and
designated funds to include in the calculation of the expenditure limit in accordance with
Subsection D of this Section.
D. For purposes of this Section and Article VII, Section 10(C) of the Constitution
of Louisiana, "the state general fund and dedicated funds" means all money required to be
deposited in the state treasury, except that money the origin of which is:
(1) The federal government.
(2) Self-generated collections by any entity subject to the policy and management
authority established by Article VIII, Sections 5 through 7 of the Constitution of Louisiana.
(3) A transfer from another state agency, board, or commission.
E. The provisions of this Section shall not apply to or affect funds allocated by
Article VII, Section 4, Paragraphs (D) and (E) of the Constitution of Louisiana.

Legislative History

Acts 1997, No. 1149, §1, eff. June 1, 1997; Acts 2008, No. 734, §1, eff. July 6, 2008; Acts 2020, No. 271, §1, see Act.