Plain English Breakdown
The official source material does not provide specific details on how existing laws and regulations will be affected after June 30, 2026.
Sunset Law for the Department of Treasury
This bill re-creates and sets a termination date for the Louisiana Department of the Treasury and its related entities.
What This Bill Does
- Re-creates the Department of the Treasury as of June 30, 2026.
- Sets July 1, 2031, as the end date when the department's statutory authority will stop unless it is re-created earlier.
Who It Names or Affects
- The Department of the Treasury and its related entities in Louisiana.
Terms To Know
- Statutory authority
- Legal permission given by a law for an entity to exist or operate.
- Sunset Law
- A type of law that sets a specific date when another law will no longer be in effect unless it is renewed.
Limits and Unknowns
- The bill does not specify what happens if the Department of the Treasury is re-created before July 1, 2031.
- It is unclear how existing laws and regulations related to the Department will be affected after June 30, 2026.