CA No. 1 (Act 473-SB 202) – Budget and Transportation Stabilization Trust

Do you support an amendment to rename the Budget Stabilization Fund to the Budget and Transportation Stabilization Trust; to authorize the mineral revenue base to be increased every five years; to create the Budget Stabilization Subfund as a subfund in the Trust, to be funded with mineral revenues until reaching a maximum balance of five hundred million dollars, to be appropriated and used when the state has a deficit; to create the Transportation Stabilization Subfund as a subfund in the Trust, to be funded with mineral revenues until reaching a maximum balance of five hundred million dollars, to be appropriated and used for planning, design, construction, and maintenance connected with the state highway program, with twenty percent dedicated for use by the Louisiana Intermodal Connector Program; and to provide for the interruption of deposits into the Budget Stabilization Subfund and the Transportation Trust Subfund the year that the state has a deficit and the following year with the resumption of deposit of mineral revenues in the Budget and Transportation Stabilization Trust thereafter? (Amends Article VII, Section 10(D)(2)(d), 10.3(A)(introductoryparagraph) and (A)(2)(a)(introductory paragraph) and (b), and 10.5(B): adds Article VII, Section 10.3(A)(2)(c))

• Yes

• No