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HB 290 Original 2026 Regular Session McFarland
Abstract: Re-creates the Dept. of the Treasury and statutory entities made a part of the department by law. Changes the termination date from July 1, 2027, to July 1, 2031.
Present law (R.S. 49:190 et seq.–Sunset Law) provides that the Dept. of the Treasury and all statutory entities made a part of the department by law shall begin to terminate their operations on July 1, 2026, and that all legislative authority for such entities shall cease as of July 1, 2027, unless the legislature enacts a bill authorizing the re-creation of the department and its statutory entities prior thereto.
Proposed law provides for the general re-creation of the Dept. of the Treasury and its statutory entities, effective June 30, 2026, in accordance with the Sunset Law. Supersedes the provisions of the Sunset Law which set out the procedure for review and re-creation and which require a separate bill to re-create each statutory entity within the department along with additional provisions. July 1, 2031, is the new termination date, and termination would begin July 1, 2030, unless the department is again re-created.
Effective June 30, 2026.
(Adds R.S. 49:191(3)(b); Repeals R.S. 49:191(1)(i))