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HB 313

FUNDS/FUNDING: Provides for the transfer, deposit, and use of monies among state funds

2026 Regular Session Introduced by Jack McFarland

HB 313 redirects General Fund money to targeted dedicated funds (emergency response, voting tech, energy regulation, carbon storage, literacy, and conservation) and repeals two old

Effective date: See Act.
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Bill Summary · HB 313

HB 313 (2026) – Louisiana
Summary of Purpose, Provisions, and Impact

1) What the bill intends to do
- HB 313 authorizes transfers of money from the state General Fund (Direct) into several specified state treasury funds and accounts.
- The amendments propose repealing two existing funds (the 2021 Market Adjustments Reduction Fund and the 2021 Budget Reconciliation Fund) and moving money into newly specified funds.
- A long-run aim appears to be reallocating surplus General Fund resources to dedicated funds to support specific programs and priorities, with some funds scheduled for future years.

2) Key provisions and changes

Immediate/current-year transfers (current fiscal year)
- $50,000,000 from the State General Fund (Direct) to the State Emergency Response Fund.
- $12,760,000 from the State General Fund (Direct) to the Voting Technology Fund.
- $5,000,000 from the State General Fund (Direct) to the Oil and Gas Regulatory Dedicated Fund Account.
- $1,000,000 from the State General Fund (Direct) to the Carbon Dioxide Geologic Storage Trust Fund.

Fiscal Year 2026-2027 transfers
- $1,000,000 from the State General Fund (Direct) to the Reading Enrichment and Academic Deliverables Fund.
- $900,000 from the State General Fund (Direct) to the Imagination Library of Louisiana Fund.
- $500,000 from the State General Fund (Direct) to the Conservation Incentive Program Account.

Repeals
- Repeals R.S. 39:100.49 (2021 Market Adjustments Reduction Fund).
- Repeals R.S. 39:100.50 (2021 Budget Reconciliation Fund).

Effective date
- The base provisions become effective upon the governor’s signature or the lapse of a gubernatorial action period (i.e., immediate upon action).

Specific amendments in committee
- Amendment No. 3 codifies the transfers listed above (current year and FY2026-2027) and the repeals.
- Amendment No. 4 adds that the provisions of Section 3 (the FY2026-2027 transfers) shall become effective July 1, 2026.
- Amendments also include repeal language for the two 2021 funds and technical adjustments.

3) Who or what is affected

  • State General Fund (Direct) resources: The bill authorizes specific transfers out of the General Fund into:
    • State Emergency Response Fund
    • Voting Technology Fund
    • Oil and Gas Regulatory Dedicated Fund Account
    • Carbon Dioxide Geologic Storage Trust Fund
    • Reading Enrichment and Academic Deliverables Fund
    • Imagination Library of Louisiana Fund
    • Conservation Incentive Program Account
  • Entities and programs benefiting:
    • Emergency response and preparedness
    • Voting technology infrastructure
    • Regulation and oversight of oil and gas industry
    • Carbon dioxide geologic storage programs
    • Reading enrichment and early literacy programs
    • Imagination Library literacy program
    • Conservation incentive initiatives
  • Absent funds:
    • The repealed 2021 Market Adjustments Reduction Fund and Budget Reconciliation Fund would no longer exist under this bill.

4) Procedural and timeline aspects

  • The bill’s transfers are described as “notwithstanding any provision of law,” meaning they bypass typical statutory limitations to the extent permitted.
  • The FY2026-2027 transfers are scheduled to take effect on July 1, 2026 (per Amendment No. 4).
  • The bill repeals two existing appropriation funds, consolidating or redirecting those resources.
  • The bill requires gubernatorial action to become effective (or automatic lapse of action).

5) Notable context from the bill’s digest

  • The original bill abstract notes an intent to transfer 25% of the FY 2024-2025 surplus (approximately $144.3 million) to the Budget Stabilization Fund. The enacted (amended) version focuses on the broader pattern of reallocations to specific dedicated funds, rather than a direct allocation to the Budget Stabilization Fund (as reflected in the added transfers and repeals).

Bottom line
HB 313, as amended, reorganizes state General Fund dollars by transferring specified amounts to targeted dedicated funds (current year and FY2026-2027), repeals two old funds, and schedules the 2026-2027 transfers to begin July 1, 2026. The measures are aimed at bolstering targeted programs (emergency response, voting tech, energy regulation, carbon storage, literacy, and conservation) while eliminating two prior small-scope funds.

Compiled from official sources — confirm details with the bill’s official record.

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