Louisiana HB1157: TRANSPORTATION DEPT: Provides for funding to certain entities for infrastructure related projects within the Department of Transportation and Development (EN SEE FISC NOTE SD EX)

What the bill says

An act To enact R.S. 36:4(B)(39), R.S. 48:77.3, and Subpart B of Part V of Chapter 1 of Title of the Louisiana Revised Statutes of 1950, to be comprised of R.S. 48:81 through 87, relative to funding certain entities for infrastructure related projects; to create the Louisiana State Infrastructure Bank within the office of the governor; to provide for a board of directors; to provide for membership, duties, and authority of the board…

From the introduced text:

AN ACT To enact R.S. 36:4(B)(39), R.S. 48:77.3, and Subpart B of Part V of Chapter 1 of Title of the Louisiana Revised Statutes of 1950, to be comprised of R.S. 48:81 through 87, relative to funding certain entities for infrastructure related projects; to create the Louisiana State Infrastructure Bank within the office of the governor; to provide for a board of directors; to provide for membership, duties, and authority of the board; to provide for technical support coordination with the Department of Transportation and Development, the Louisiana Department of Treasury, and Louisiana Economic Development; to provide for adoption of bylaws, rules, and regulations by the board; to create the Louisiana State Infrastructure Fund; to create certain special accounts within the fund; to provide for receipt, administration, and expenditure of monies allotted for the fund; to provide for investment and disposition of monies of the fund; to authorize the bank to incur debt and issue bonds, notes, or other evidences of indebtedness and to guarantee the debt of other entities; to authorize loans and other financial assistance from the fund to certain entities, including private entities participating in public infrastructure projects as permitted by federal law; to provide procedures to enter into such indebtedness; to provide for definitions; to provide for an effective date; and to provide for related matters. …

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Sponsors

• (R, 47) · primary sponsor