DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of
the legislative 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)]
Schroder HB No. 601
Abstract: Requires the Joint Legislative Committee on Capital Outlay to approve non-state
entity line of credit recommendations before the division of administration submits to
submit non-state entity project line of credit recommendations.
Present law prohibits work from commencing and contracts from being entered into for any
project contained in the capital outlay act unless and until funds are available from cash sources
indicated in the act, or from the sale of bonds or from a line of credit approved by the State Bond
Commission (SBC). Present law exempts certain contracts for the Dept. of Transportation and
Development from this prohibition.
Present law requires the Joint Legislative Committee on Capital Outlay (JLCCO) to make
recommendations to the commissioner of administration concerning the non-state entity projects
to be granted lines of credit. Further requires the commissioner of administration to submit the
list of projects to be recommended for lines of credit to the JLCCO a minimum of five days prior
to the submission of the list to the SBC.
Proposed law changes present law by requiring the commissioner of administration to make
recommendations to the JLCCO concerning non-state entity projects to be recommended for
lines of credit. Further requires the commissioner to submit the list of non-state entity line of
credit recommendations to the JLCCO no less than 15 days prior to the meeting date of the Bond
Commission in which the lines of credit are to be considered. The JLCCO has discretion to
either approve the list or make changes to the list.
Proposed law requires the JLCCO to make final recommendations and approve the list of non-
state entity projects which shall be submitted to the SBC for consideration of lines of credit.
Only non-state entity projects which received approval from the JLCCO shall be submitted to the
SBC or consideration of lines of credit.
Effective July 1, 2013.
(Amends R.S. 39:122(A)