Louisiana 2010 Regular Session

Louisiana House Bill HB913 Latest Draft

Bill / Chaptered Version

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ACT No. 296
Regular Session, 2010
HOUSE BILL NO. 913
BY REPRESENTATIVES CHAMPAGNE, BALDONE, BARRAS, BILLIOT, HENRY
BURNS, CARMODY, CARTER, CHANDLER, CORTEZ, DOWNS, FANNIN,
FOIL, GISCLAIR, GUINN, HARRISON, HAZEL, HOFFMANN, SAM JONES,
KATZ, LANDRY, LIGI, MILLS, MONTOUCET, MORRIS, ROBIDEAUX, GARY
SMITH, JANE SMITH, ST. GERMAIN, THIBAUT, TUCKER, AND WHITE
AN ACT1
To amend and reenact R.S. 30:2011(A)(3) and (D)(4) and (23), 2074(A)(4), 2397, R.S.2
33:4548.13, and R.S. 40:2821(B)(2) and 2824(B), to enact Chapter 14 of Subtitle II3
of Title 30 of the Louisiana Revised Statutes of 1950, to be comprised of R.S.4
30:2301 through 2306, and R.S. 39:1022(C), and to repeal R.S. 30:2078 through5
2088, relative to certain loans for water infrastructure from the revolving loan funds;6
to provide for the Department of Environmental Quality; to provide for the powers7
and duties of the secretary of the Department of Environmental Quality; to8
redesignate the Municipal Facilities Revolving Loan Fund as the Clean Water State9
Revolving Fund; to provide for notices of intention to issue certain bonds; and to10
provide for related matters.11
Be it enacted by the Legislature of Louisiana:12
Section 1. R.S. 30:2011(A)(3) and (D)(4) and (23), 2074(A)(4), and  2397 are hereby13
amended and reenacted and Chapter 14 of Subtitle II of Title 30 of the Louisiana Revised14
Statutes of 1950, comprised of R.S. 30:2301 through 2306, is hereby enacted to read as15
follows:16
§2011.  Department of Environmental Quality created; duties; powers; structure17
A.18
*          *          *19
(3) The department is authorized and empowered to administer, maintain,20
and operate the Municipal Facilities Revolving Loan Clean Water State Revolving21
Fund as created and provided in R.S. 30:2078 30:2301 et seq. In connection with22 ENROLLEDHB NO. 913
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such administration, maintenance, and operation, the department is authorized to1
incur debt and issue bonds, notes, or other evidences of indebtedness, and is2
authorized to pledge the sums in, credited to, or payable to the Municipal Facilities3
Revolving Loan Clean Water State Revolving Fund as security for the debt of other4
entities, and is authorized to arrange, provide for, and pay the cost of credit5
enhancement devices for its debt and the debt of other entities in order to provide6
funds in connection with the Municipal Facilities Revolving Loan Clean Water State7
Revolving Fund Program.  Any such evidence of indebtedness, guarantee, pledge,8
or credit enhancement device shall be authorized, executed, and delivered by the9
secretary or his designee in accordance with the provisions and subject to the10
limitations provided in R.S. 30:2011(D)(23) and 2080 through 2088 2301 et seq. for11
the Municipal Facilities Revolving Loan Clean Water State Revolving Fund.12
*          *          *13
D.  The secretary shall have the following powers and duties:14
*          *          *15
(4) To apply for and accept grants of money from the United States16
Environmental Protection Agency or other federal agencies for the purpose of17
making funds available to political subdivisions eligible recipients in this state for18
the planning, design, construction, and rehabilitation of wastewater treatment19
facilities and or other related eligible activities. The department may contract to20
receive such grants, agree to match the grant in whole or in part when required, and21
to comply with applicable federal laws and regulations in order to secure the grants.22
Money received through these grants and state matching funds shall be deposited23
into the Municipal Facilities Revolving Loan Clean Water State Revolving Fund or24
used for appropriate administrative purposes.25
*          *          *26
(23) To authorize by executive order, the issuance, sale, execution, and27
delivery of bonds, notes, or other evidences of indebtedness of the department,28
obligations representing guarantees by the department of the debt of other entities,29
and the granting of pledges of the sums deposited in, credited to, or payable to the30 ENROLLEDHB NO. 913
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Municipal Facilities Revolving Loan Clean Water State Revolving Fund as created1
and provided in R.S. 30:2078 30:2301 et seq., including sums to be received2
pursuant to letters of credit, as security for the debts of other entities, subject to the3
approval of the State Bond Commission.4
*          *          *5
§2074. Water quality control; secretary of environmental quality; powers and duties6
A. The department shall have the following powers and duties with respect7
to water quality control:8
*          *          *9
(4) To administer the Municipal Facilities Revolving Loan Clean Water10
State Revolving Fund as established in R.S. 30:2078 30:2302. The department is11
also authorized to enter into contracts and other agreements in connection with the12
operation of the Municipal Facilities Revolving Loan Clean Water State Revolving13
Fund to the extent necessary or convenient for the implementation of the Municipal14
Facilities Revolving Loan Clean Water State Revolving Fund Program.15
*          *          *16
CHAPTER 14.  CLEAN WATER STATE REVOLVI NG FUND17
§2301.  Definitions18
As used in this Chapter, the following terms shall have the following19
meanings:20
(1) "Clean Water State Revolving Fund" or "CWSRF" means the water21
pollution control revolving loan fund previously established by Act No. 349 of the22
1986 Regular Session of the Legislature, as amended, and formerly known as the23
"Municipal Facilities Revolving Loan Fund".24
(2)  "Department" means the Department of Environmental Quality.25
(3) "Eligible recipient" means a political subdivision, public trust, agency or26
commission of the state, or a private entity, to the extent permitted by the federal act27
or federal regulations.28
(4) "Federal act" means the Clean Water Act of 1972, as amended by the29
Water Quality Act of 1987, specifically Subchapter VI, Chapter 26 of Title 33 of the30 ENROLLEDHB NO. 913
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United States Code, and any amendments thereto relating to water pollution control1
revolving loan funds established by the respective states, including the CWSRF.2
(5)  "Federal regulations" means Part 35, Title 40 of the Code of Federal3
Regulations (40 CFR 35.3100, et seq.) relating to water pollution control revolving4
loan funds established by the respective states, including the CWSRF.5
§2302.  Clean Water State Revolving Fund; established6
A. The Clean Water State Revolving Fund is hereby established and shall be7
maintained and operated by the department. Grants from the federal government8
allotted to the state for the capitalization of the CWSRF, and state funds when9
required, or otherwise made available, shall be deposited directly in or credited to the10
account of the CWSRF in compliance with the terms of the federal or state grant.11
The CWSRF shall provide assistance to eligible recipients for any activities of the12
CWSRF as may be permitted by the federal act or federal regulations and by this13
Chapter.14
B. The department is authorized to enter into contracts and other agreements15
in connection with the operation of the CWSRF including but not limited to credit16
enhancement devices, guarantees, pledges, interest rate swap agreements, contracts17
and agreements with federal agencies, political subdivisions, public trusts, agencies18
or commissions of the state, and other parties to the extent necessary or convenient19
for the implementation of the CWSRF. The department shall maintain full authority20
for the operation of the CWSRF in accordance with applicable federal and state law.21
§2303.  Clean Water State Revolving Fund; authorized activities22
A. Money in or credited to the account of or to be received by the CWSRF,23
including sums to be received pursuant to letters of credit or from any other source,24
shall be expended, committed, or pledged, in a manner consistent with terms and25
conditions of the grants and other sources of such deposits, credits, and letters of26
credit, and of all applicable federal and state law and may be used:27
(1) To make loans to eligible recipients, or to purchase debt obligations using28
federal funds or funds on deposit in, credited to, or to be received by the CWSRF,29
including from the proceeds of letters of credit, at or below market interest rates for30 ENROLLEDHB NO. 913
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a period not to exceed thirty years from the completion of the construction of a1
project approved by the department.2
(2) To offer and to make or enter into loan guarantees for eligible recipients.3
(3)  To provide payments to reduce interest on loans and loan guarantees to4
eligible recipients.5
(4) To provide additional subsidization to eligible recipients in the form of6
bond interest subsidies, forgiveness of principal, negative interest loans or grants, or7
any combination of these.8
(5)  To provide bond guarantees to eligible recipients.9
(6) To provide assistance to eligible recipients with respect to the nonfederal10
share of the costs of a project.11
(7) To finance the cost of facility planning and the preparation of plans,12
specifications, and estimates for construction of projects for eligible recipients as13
may be approved by the department.14
(8) To provide financial assistance to eligible recipients for the construction15
and rehabilitation of a project on the state priority list.16
(9) To secure principal, interest, and premium if any, on bonds or other17
evidence of indebtedness issued by the department, or any agency, commission,18
authority, or public corporation of the state, by any public trust or by any other entity19
having the authority to issue debt for or on behalf of the state, or any political20
subdivision of the state if the proceeds of such bonds are deposited in the CWSRF,21
if the proceeds of such bonds are used to pay for a project approved by the22
department, or if the proceeds of such bonds are used to refund any obligation the23
proceeds of which are used to pay for an approved project to the extent provided and24
allowed by the terms of the federal grant.25
(10) To make, enter into, or provide for loan guarantees for similar revolving26
funds established by instrumentalities, public trusts or agencies of the state, political27
subdivisions, or intermunicipal or interstate agencies.28 ENROLLEDHB NO. 913
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(11) To purchase or refinance, at or below market rates, debt incurred by1
political subdivisions for wastewater treatment projects, where such debt obligations2
were incurred after March 7, 1985.3
(12) To improve credit market access by guaranteeing, arranging, or4
purchasing bond insurance or other credit enhancement devices for debt obligations5
issued by the department, or any eligible recipient issued for a purpose authorized6
by this Section.7
(13) To provide any other assistance or to fund any other programs which8
the federal government authorizes by law, regulation, or the terms of any grants.9
(14) To fund the administrative expenses of the department related to the10
CWSRF.11
(15) To provide for any other expenditure consistent with the federal grant12
program and state law, including grants.13
B. Money not currently needed for the operation of the Clean Water State14
Revolving Fund or otherwise dedicated may be invested in an interest-bearing15
account. All such interest earned on investments shall be credited to the Clean Water16
State Revolving Fund.17
§2304. Clean Water State Revolving Fund; political subdivisions and public trusts;18
loans19
A. Notwithstanding any provisions of law to the contrary, and in addition to20
the authority to borrow money or incur debt under any other provisions of law, any21
political subdivision or public trust is hereby authorized to borrow money from and22
incur debt payable to the CWSRF in accordance with the provisions hereof and23
subject to the approval of the State Bond Commission.  This Section shall not be24
deemed to be the exclusive authority under which political subdivisions or public25
trusts may borrow money from or incur indebtedness to the CWSRF.26
B. All bonds, notes, or other evidence of indebtedness of any political27
subdivisions and public trusts issued to represent an obligation to repay a CWSRF28
loan shall be authorized and issued pursuant to a resolution or ordinance of the29
governing authority of such entity, which shall prescribe the form and details thereof,30 ENROLLEDHB NO. 913
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including the terms, security for, manner of execution, repaym ent schedule, and1
redemption features thereof and such resolution or ordinance may provide that an2
officer of such entity may execute in connection with such obligation any related3
contract including but not limited to a credit enhancement device, indenture of trust,4
loan agreement, pledge agreement, or other agreement or contract needed to5
accomplish the purposes for which said indebtedness is given. Any such resolution6
or ordinance shall set forth the maximum principal amount, the maximum interest7
rate, the maximum redemption premium, if any, and the maximum term of such8
indebtedness.9
C. Notwithstanding any other provision of law to the contrary, any political10
subdivision, or public trust upon entering into a loan from the CWSRF under this11
Section may dedicate and pledge a portion of any revenues it has available to it12
including but not limited to revenues from the general revenue fund, sales taxes, user13
fees, assessments, parcel fees, or property taxes of the political subdivision for a term14
not exceeding thirty years for repayment of the principal of, interest on, and any15
premium, administrative fee, or other fee or cost imposed by the department in16
connection with such loan; provided that any loan made solely for the purpose of17
financing the cost of facility planning and the preparation of plans, specifications,18
and estimates for construction of projects approved by the department shall have a19
term not to exceed five years from the date thereof.20
D. Any evidence of indebtedness authorized pursuant to the provisions of21
this Chapter shall bear a rate or rates of interest that shall not exceed the rate or rates22
set forth in the resolution or ordinance authorizing and providing for the issuance23
thereof. Any such rate or rates of interest may be at fixed, variable, or adjustable24
rates.25
E. Bonds, notes, or other evidence of indebtedness of a political subdivision26
shall be sold at a private, negotiated sale to the CWSRF at such price or prices,27
including premiums and discounts as shall be authorized in the resolution or28
ordinance of the borrower and agreed to by the department. The general laws of the29 ENROLLEDHB NO. 913
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state governing fully registered securities of public entities shall be applicable to the1
bonds, notes, or other evidence of indebtedness issued pursuant to this Section.2
F. All resolutions or ordinances authorizing the issuance of bonds, notes, or3
other evidence of indebtedness of a political subdivision hereunder shall be4
published once in the official journal of the borrower. It shall not be necessary to5
publish exhibits to such resolution or ordinance, but such exhibits shall be made6
available for public inspection at the offices of the governing authority of the7
borrower at reasonable times and such fact must be stated in the publication.  For a8
period of thirty days after the date of such publication, any persons in interest may9
contest the legality of the resolution or ordinance authorizing such evidence of10
indebtedness and any provisions thereof made for the security and payment thereof.11
After such thirty-day period no one shall have any cause or right of action to contest12
the regularity, formality, legality, or effectiveness of said resolution or ordinance and13
the provisions thereof or of the bonds, notes, or other evidence of indebtedness14
authorized thereby for any cause whatsoever. If no suit, action, or proceeding is15
begun contesting the validity of the bonds, notes, or other evidence of indebtedness16
authorized pursuant to such resolution or ordinance within the thirty days prescribed17
in this Subsection, the authority to issue the bonds, notes, or other evidence of18
indebtedness, or to provide for the payment thereof, and the legality thereof, and all19
of the provisions of the resolution or ordinance and such evidence of indebtedness20
shall be conclusively presumed, and no court shall have authority or jurisdiction to21
inquire into any such matter.22
G. Bonds, notes, or other evidence of indebtedness of a political subdivision23
issued under the authority of this Section shall be exempt from all taxation for state,24
parish, municipal, or other purposes. Such bonds, notes, or other evidence of25
indebtedness shall be legal and authorized investments for banks, savings banks,26
insurance companies, any other financial institution, tutors of minors, curators of27
interdicts, trustees, and other fiduciaries.  Such bonds, notes, or other evidence of28
indebtedness may be used for deposit with any officer, board, or political subdivision29 ENROLLEDHB NO. 913
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of the state, in any case where, by present or future laws, deposit of security is1
required for state funds.2
H. The department may by suit, action, mandamus, or other proceedings,3
protect and enforce any covenant relating to and the security provided in connection4
with any indebtedness issued pursuant to this Section, and may by suit, action,5
mandamus, or other proceedings enforce and compel performance of all of the duties6
required to be performed by the governing body and officials of any borrower7
hereunder and in any proceedings authorizing the issuance of such bonds or other8
evidences of indebtedness.9
§2305. Authority of the department; incur debt; issue and undertake guarantees of10
debt of other entities11
A. The department is hereby authorized to issue, incur, and deliver debt12
evidenced by bonds, notes, or other evidences of indebtedness, payable from or13
secured by sums deposited in, credited to, or to be received in, including sums14
received pursuant to letters of credit, by the department in the CWSRF.15
B. The department is further authorized to undertake and to issue and deliver16
evidences of its guarantee of the debt of other entities and is authorized to enter and17
execute pledges of the sums deposited in, credited to, or to be received in the18
CWSRF, including payments pursuant to letters of credit, to secure the debt of other19
entities. Such bonds, notes, or other evidences of indebtedness, such guarantees, and20
such pledges issued and delivered pursuant to the authority hereof shall constitute21
special and limited obligations of the department, and shall not be secured by the full22
faith and credit of the state, any source of revenue of the state other than those sums23
on deposit in, credited to, or to be received in the CWSRF, including payments to be24
made pursuant to letters of credit. It is hereby found and determined that such bonds,25
notes, or other evidences of indebtedness, guarantees, and pledges shall constitute26
revenue bonds, debts, or obligations within the meaning of Article VII, Section 6(C)27
of the Constitution of Louisiana and shall not constitute the incurring of state debt28
thereunder.29 ENROLLEDHB NO. 913
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C. Withdrawals from the CWSRF to pay debt service on any bond, note, or1
other evidence of indebtedness, obligation of guarantee of any debt, or pledge to2
secure any debt does not constitute and shall not be subject to annual appropriation3
by the legislature as provided by Article III, Section 16 of the Constitution of4
Louisiana.5
D. The department is hereby authorized to issue, execute, and deliver6
refunding bonds, notes, or other evidences of indebtedness for the purpose of7
refunding, readjusting, restructuring, refinancing, extending, or unifying in whole or8
any part of its outstanding obligations, and the department is also authorized to issue9
short-term revenue notes for the purposes of anticipating any revenues to be received10
by the department in connection with the CWSRF.11
§2306. Manner of authorizing, issuing, executing, and delivering debt or guarantees12
of debt of other entities13
A.  All bonds, notes, or other evidences of indebtedness, guarantees of the14
debt of other entities or pledges of assets to the payment of debts of other entities15
shall be authorized and issued pursuant to an executive order issued by the secretary16
of the department, and such executive order shall include a statement as to the17
maximum principal amount of any such obligation, guarantee, or pledge, the18
maximum interest rate to be incurred or borne by such obligation or guaranteed by19
such obligation, the maximum redemption premium, if any, and the maximum term20
in years for such evidence of indebtedness, obligation, guarantee, or pledge, and such21
executive order shall prescribe the form, anticipated terms, security, manner of22
execution, redemption features, and method of fixing the final details thereof. Such23
executive order may provide that the secretary or his designee shall execute in24
connection with any such obligation any other related contract including but not25
limited to credit enhancement devices, indentures of trust, pledge agreements, loan26
agreements, or any other ancillary agreements or contracts needed to accomplish the27
purposes for which said evidence of indebtedness, guarantee, or pledge is given in28
substantially the form attached to said executive order but which final indenture,29
guarantee, pledge, or other contract or agreement may contain such changes,30 ENROLLEDHB NO. 913
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additions, and deletions as shall, in the sole opinion of the designated officer of the1
department executing any such contract, be determined to be appropriate under the2
circumstances. The bonds, notes, other evidences of indebtedness, and obligations3
issued under the provisions of this Section shall be subject to the general laws of the4
state regarding defeasance and fully registered securities of public entities.5
B. Bonds, notes, or other evidences of indebtedness of the department may6
bear, and the department may guarantee or pledge the assets of the CWSRF to the7
payment of debt of other entities that bear, a rate or rates of interest at fixed, variable,8
or adjustable rates.  Any such obligation may be noninterest bearing in the form of9
capital appreciation obligations.10
C. Bonds, notes, or other evidences of indebtedness of the department shall11
be sold by the State Bond Commission at either public or private sale and may be12
sold at such price or prices, including premiums and discounts, as may be determined13
to be in the best interest of the department by the secretary, with the approval of the14
State Bond Commission. If any such evidences of indebtedness are to be sold at a15
public sale, a notice of the sale shall be published in accordance with the provisions16
of R.S. 39:1426 and shall be awarded to the best bidder therefor by the State Bond17
Commission, but the State Bond Commission may reject any and all bids received.18
D. The department may, in connection with the sale of any bonds, notes, or19
other evidences of indebtedness, use municipal bond insurance, bank guarantees,20
surety bonds, letters of credit, interest rate swap agreements, and other devices to21
enhance the credit quality of any such obligations, the cost of which may be paid22
from the proceeds of the bonds, notes, or other evidences of indebtedness or other23
lawfully available funds. Such credit enhancement devices may be entered into prior24
to, at the time of, or subsequent to, the issuance of any such obligations.25
E. All executive orders of the secretary authorizing the issuance of bonds,26
notes, or other evidences of indebtedness of the department shall be published once27
in the official journal of the state. It shall not be necessary to publish exhibits to any28
such executive order, but such exhibits shall be made available for public inspection29
at the offices of the secretary of the department at reasonable times and such fact30 ENROLLEDHB NO. 913
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must be stated in the publication. For a period of thirty days after the date of such1
publication any persons in interest may contest the legality of the executive order and2
any provisions thereof made for the security and payment of any such bonds, notes,3
or other obligations, guarantees, or pledges. After such thirty-day period, no one4
shall have any cause or right of action to contest the regularity, formality, legality,5
or effectiveness of said executive order and the provisions thereof or of the bonds,6
notes, or other evidence of indebtedness authorized thereby or any guarantee or7
pledge authorized thereby for any cause whatsoever. If no suit, action, or proceeding8
is begun contesting the validity of the bonds, notes, or other obligations authorized9
pursuant to such executive order within the thirty days herein prescribed, the10
authority to issue the bonds, notes, or other obligations, to enter into the guarantee,11
or to make the pledge to provide for the payment thereof, and the legality thereof,12
and of all the provisions of the executive order shall be conclusively presumed, and13
no court shall have authority or jurisdiction to inquire into any such matter.14
F. Bonds, notes, or other evidences of indebtedness issued under the15
authority of this Section or Chapter 32 of Title 40 of the Louisiana Revised Statutes16
of 1950, shall be exempt from all taxation for state, parish, municipal, or other17
purposes. Such bonds, notes, or other evidences of indebtedness may be used for18
deposit with any officer, board, or other political subdivision of the state, in any case19
where, by present or future laws, deposit of security is required for state funds.20
G. Notwithstanding the provisions of this Chapter, the department shall not21
directly issue any bonds, notes, or other evidences of indebtedness except to any22
commission, authority, or public corporation of the state, any public trust, political23
subdivision of the state, or any other entity having the authority to issue debt for or24
on behalf of the state, or any other political subdivision of the state.25
*          *          *26 ENROLLEDHB NO. 913
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§2397.  Distribution of revenue1
The state treasurer shall each fiscal year deposit the revenues generated under2
the provisions of this Chapter, from taxes applicable to the sale of reclaimed water,3
or other sources as provided for by law into the Bond Security and Redemption4
Fund. Out of the funds from such sources remaining in the Bond Security and5
Redemption Fund after a sufficient amount is allocated from that fund to pay all6
obligations secured by the full faith and credit of the state which become due and7
payable within any fiscal year, the treasurer shall deposit an amount equal to one-8
quarter of the revenues generated from the reclaimed water program into the9
Municipal Facilities Revolving Loan Clean Water State Revolving Fund, enacted in10
R.S. 30:2078 30:2301 et seq., which shall be used for making grants to local11
governments to finance primary waste treatment facilities; one-quarter into the12
Coastal Resources Trust Fund, created in R.S. 49:214.40, and the remainder shall be13
used by the Department of Natural Resources for the protection of groundwater14
resources. Use of these funds shall be subject to an appropriation by the legislature.15
Section 2.  R.S. 33:4548.13 is hereby amended and reenacted to read as follows: 16
§4548.13.  Cooperation of state agencies17
All state officers and agencies are authorized to render such services to the18
authority within their respective functions as may be requested by the authority.  In19
addition, the authority is authorized to enter into such contracts, cooperative20
endeavor agreements, or other agreements with the Department of Environmental21
Quality with respect to the Municipal Facilities Revolving Loan Clean Water State22
Revolving Fund or any other state agency regarding other revolving loan funds as23
the parties may desire in order to implement the provisions of this Chapter and24
Chapter 4 14 of Subtitle II of Title 30 of the Louisiana Revised Statutes of 1950.25
Section 3.  R.S. 39:1022(C) is hereby enacted to read as follows: 26
§1022.  Publication of resolution; contesting validity27
*          *          *28
C. Notwithstanding the provisions of Subsection A of this Section, any29
indebtedness that represents a loan to a political subdivision under this Part from the30 ENROLLEDHB NO. 913
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Drinking Water Revolving Loan Fund or the Clean Water State Revolving Fund1
must be approved by the State Bond Commission prior to the incurring of such2
indebtedness; however, the State Bond Commission shall not be required to approve3
the contents of the notice of intention required by Subsection A of this Section.4
Section 4. R.S. 40:2821(B)(2) and 2824(B) are hereby amended and reenacted to5
read as follows:6
§2821.  Legislative findings7
*          *          *8
B.  The legislature finds and declares that:9
*          *          *10
(2)  The Department of Environmental Quality has, since 1989, been11
operating and maintaining the Municipal Facilities Revolving Loan Clean Water12
State Revolving Fund in accordance with the Federal Water Pollution Control Act13
(33 U.S.C. 1251 et seq.), commonly referred to as the Clean Water Act, to provide14
assistance to wastewater treatment facilities owned or operated by municipalities and15
other political subdivisions, and for other assistance allowed by such Act.16
*          *          *17
§2824.  Drinking Water Revolving Loan Fund18
*          *          *19
B. The Department of Health and Hospitals, office of public health, shall20
segregate the funds associated with the drinking water loan fund as may be required21
by the federal act, grant agreements, or interagency agreements. The Department of22
Health and Hospitals shall keep any accounts associated with the drinking water loan23
fund separate from any accounts associated with the Municipal Facilities Revolving24
Loan Clean Water State Revolving Fund authorized in R.S. 30:2078 30:2301 et seq.25
*          *          *26
Section 5.  R.S. 30:2078 through 2088 are hereby repealed in their entirety.27
Section 6. This Act shall become effective upon signature by the governor or, if not28
signed by the governor, upon expiration of the time for bills to become law without signature29
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana.  If30 ENROLLEDHB NO. 913
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vetoed by the governor and subsequently approved by the legislature, this Act shall become1
effective on the day following such approval.2
SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: