HB 290 — SUNSET LAW: Re-creates the Department of the Treasury and the statutory entities made a part of the department by law (EN NO IMPACT See Note)

HLSENROLLED 26RS-883 ENGROSSED Regular Session HOUSE BILL NO.

290 BY REPRESENTATIVE MCFARLAND SUNSETAN LAW:ACT ToenactR.S.

Re-createsthe49:191(3)(b)andto DepartmentrepealR.S.49:191(1)(i),relativetotheDepartmentofthe of the Treasuryand the statutoryentities made a part of the department bylaw AN ACT ToenactR.S.49:191(3)(b)andtorepealR.S.49:191(1)(i),relativeto theDepartmentofthe Treasury,includingprovisionstoprovideforthere-creationoftheDepartmentofthe Treasuryand the statutoryentities made a part of the department bylaw;

to provideforaneffectivedate;provideforaneffectivedate;and to provide for relatedmatters.

and to provide for relatedmatters.

PursuanttoR.S.49:193,theDepartmentoftheTreasuryandthestatutory entitiesmadeapartofthedepartmentbylawshallbere-createdeffectiveJune30,2026,and all statutoryauthoritytherefor is continued in accordancewithaccordance with the provisions of Part XIIXIIof of Chapter 1 of Title 49 of the Louisiana Revised Statutes of 1950.

AllstatutoryauthorityfortheexistenceoftheDepartmentoftheTreasury andthestatutoryentitiesmadeapartofthedepartmentasandthestatutoryentitiesmadeapartofthedepartmentasre-createdbySection1ofthis re-createdbySection1ofthisActAct shall cease as of July 1, 2031, pursuant to R.S.

However, the Department of the TreasurymaybeTreasurymay be re-created prior to such date in accordance with the provisions of Part XII of Chapter 1 of Title 49 of the Louisiana Revised Statutes of 1950.

Page§191. 1 of 2 CODING:

Wordsinstruckthroughtypearedeletionsfromexistinglaw;wordsunderscored are additions.

HLS 26RS-883 ENGROSSED HB NO.

290 §191.

table of dates Notwithstanding any termination dates set by any previous Act of the legislature,thestatutoryentitiessetforthinthisSectionshallbegintoterminatetheir operations on July first of each of the following years, and all legislative authority forPage the1 existence of any2 statutoryCODING: entity, as defined in R.S.

Wordsinstruckthroughtypearedeletionsfromexistinglaw;wordsunderscored are additions.

HB NO.

290 ENROLLED for the existence of any statutory entity, as defined in R.S.

DIGESTSPEAKER ThedigestprintedbelowwaspreparedbyHouseLegislativeOF Services.THE HOUSE OF REPRESENTATIVES PRESIDENT OF THE SENATE GOVERNOR OF THE STATE OF LOUISIANA APPROVED:

ItconstitutesPage nopart2 of the2 legislativeCODING: instrument.

The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent.

[R.S.

1:13(B) and 24:177(E)] HB 290 Engrossed 2026 Regular Session McFarland Abstract:

Re-creates the Dept.

of the Treasury and statutory entities made a part of the departmentbylaw.

ChangestheterminationdatefromJuly1,2027,to July1,2031.

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 theprovisions oftheSunset Lawwhich set out the procedureforreviewandre-creationand which require a separate bill to re-create each statutory entity within the department along withadditionalprovisions.July1,2031,is thenewterminationdate,andterminationwould 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)) Page 2 of 2 CODING: