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5 proposed amendments on Oct. 22 ballot in Louisiana

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Written by : Town-Talk Staff

Source: TownTalk.com

 

 

 

Louisiana voters will consider five proposed constitutional amedments on the Oct. 22 primary election ballot. One proposed amendment will be on the Nov. 19 general election ballot. The text of the proposals follows:

Oct. 22 amendments

—Proposed Amendment No. 1: Act 423 of the 2011 Regular Session

 

To dedicate funds for the TOPS program relative to the portion of the monies deposited in and credited to the Millennium Trust each year from the Tobacco Master Settlement, to provide that once the balance in the Millennium Trust reaches a total of one billion three hundred eighty million dollars, one hundred percent of the annual Settlement Proceeds shall be allocated to the TOPS Fund to support state programs of financial assistance for students attending Louisiana postsecondary education institutions; to provide relative to the rate of tax on certain tobacco products and beginning July 1, 2012, to dedicate such tobacco revenues to the Health Excellence Fund to be used for the purposes of the fund, including providing for the optimal development of Louisiana’s children through the provision of appropriate health care and providing health care initiatives through innovation in advanced health care sciences; to provide for the deposit, transfer, or credit of certain monies in the Millennium Trust to the Health Excellence Fund, the Education Excellence Fund, and the TOPS Fund. (Amends Article VII, Section 10.8(A)(1)(c), (A)(2), (3), and (4), and (C)(1) and adds Article VII, Section 4.1).

 
—Proposed Amendment No. 2: Act 422 of the 2011 Regular Session

 

To require in Fiscal Years 2013-2014 and 2014-2015 that five percent of money designated in the official forecast as nonrecurring be applied toward the balance of the unfunded accrued liability which existed as of June 30, 1988, for the Louisiana State Employees’ Retirement System and the Teachers Retirement System of Louisiana. To further require that in Fiscal Year 2015-2016 and every fiscal year thereafter that ten percent of such nonrecurring revenue be applied to such purposes. (Amends Article VII, Section 10(D)(2)(b)).

(Page 2 of 2)
 

 

Proposed Amendment No. 3L Act 421 of the 2011 Regular Session

 

To authorize the legislature to establish a private custodial fund, designated as the Patient’s Compensation Fund, for the use, benefit, and protection of medical malpractice claimants and private health care provider members; to provide that assets of the fund shall not be state property. (Adds Article XII, Section 16).

 

—Proposed Amendment No. 4: Act 424 of the 2011 Regular Session

 

To provide that if at any time mineral revenues exceed the base provided by law and monies are withdrawn from the Budget Stabilization Fund, no deposit of mineral revenues shall be made to the Budget Stabilization Fund in the same or ensuing fiscal year in which monies in the fund are appropriated or incorporated into the official forecast, except by specific legislative appropriation, and thereafter deposits of mineral revenues into the fund shall resume except in an annual amount not to exceed one-third of the most recent amount appropriated or incorporated into the official forecast. (Adds Article VII, Section 10.3(C)(5)).

 

Proposed Amendment No. 5: Act 43 of the 2011 1st Extraordinary Session

 

To amend provisions relative to tax sales in order to maintain an existing exemption from the minimum bid requirements for tax sales in the city of New Orleans due to changes in populations according to the 2010 census. (Amends Article VII, Section 25(A)(2)).

Nov. 19 amendment

One proposed amendment will be on the Nov. 19 ballot.

 

Proposed Amendment No. 1: Act 425 of the 2011 Regular Session

 

To prohibit the levy of new taxes or fees upon the sale or transfer of immovable property, including documentary transaction taxes or fees, or any other tax or fee, by the state or any of its political subdivisions after November 30, 2011. (November 30, 2011) (Adds Article VII, Section 2.3).

 

Written by demon53

October 14, 2011 at 3:29 pm

Posted in Uncategorized

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