Establishes the Driving by 2012 Fund in the state treasury. (7/1/10) (OR SEE FISC NOTE SD RV)
Impact
The implementation of SB508 would directly impact state laws regarding how funds can be allocated for infrastructural projects, creating a designated fund that ensures the specific purpose of facilitating the expansion of I-49. By establishing a special fund for this purpose, the state can circumvent typical funding routes, potentially speeding up the construction process and allowing for dedicated financial oversight of the project. This initiative also aligns with broader goals for improving transportation infrastructure and addressing congestion in the Shreveport area.
Summary
Senate Bill 508 establishes the Driving by 2012 Fund within the state treasury, aimed specifically at funding the construction and expansion of an additional lane on the Interstate 49 (I-49) in Shreveport, Louisiana. The bill outlines that the fund will receive money from various sources, including annual appropriations from the legislature, donations, grants, and other lawful funds. This mechanism is designed to ensure a steady source of funding for a highway improvement project that is anticipated to enhance local infrastructure and traffic flow.
Sentiment
Overall sentiment around SB508 appears to be positive, particularly among supporters who believe that investing in local infrastructure is essential for community growth and mobility. However, there may be underlying concerns regarding the allocation of public funds; critics could argue about the prioritization of highway expansion in the context of broader community needs or ongoing budgetary demands on the state treasury. Still, advocates for the bill emphasize the necessity of reliable infrastructure as a driver for economic development.
Contention
Notably, while proponents of the bill may focus on its economic benefits — such as improved traffic conditions and support for local businesses — there remains the consideration of other infrastructure needs within the state. Deliberations could emerge around whether funding for highway expansion is the best use of taxpayer funds, especially in areas where public transit and community services might also require attention. Additionally, the impact on local communities during construction could raise concerns regarding disruption and access.
Dedicates state funds for the purpose of providing health insurance premiums of certain plan members in hurricane affected areas. (7/1/10) (OR -$10,388,280 GF RV See Note)
Establishes the Merit Increase Pay Recoupment Fund in the state treasury to provide certain state employees with pay adjustments. (7/1/14) (OR NO IMPACT RV See Note)
Provides relative to the creation, use, dedication, and transfer of funds in the state treasury. (gov sig) (Item #16) (REF SEE FISC NOTE SD EX See Note)