HLS 15RS-481 REENGROSSED 2015 Regular Session HOUSE BILL NO. 212 BY REPRESENTATIVES JAY MORRIS, ABRAMSON, STUART BISHOP, BOUIE, BROWN, BURFORD, CARMODY, CARTER, CONNICK, GAROFALO, GEYMANN, GISCLAIR, HALL, HARRIS, HARRISON, HAVARD, HENSGENS, HOFFMANN, HOWARD, IVEY, LORUSSO, PEARSON, POPE, PYLANT, REYNOLDS, RICHARD, SCHRODER, ST. GERMAIN, STOKES, TALBOT, WHITNEY, AND WILLMOTT Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana. CAPITAL OUTLAY: Requires the Joint Legislative Committee on Capital Outlay to approve line of credit recommendations for state and nonstate entity projects 1 AN ACT 2To amend and reenact R.S. 39:122(A), relative to capital outlay; to provide relative to the 3 capital outlay process; to provide for line of credit recommendations for projects; to 4 require the approval of certain line of credit recommendations; to provide for an 5 effective date; and to provide for related matters. 6Be it enacted by the Legislature of Louisiana: 7 Section 1. R.S. 39:122(A) is hereby amended and reenacted to read as follows: 8 ยง122. Commencement of work 9 A. No work shall commence and no contract shall be entered into for any 10 project contained in the capital outlay act unless and until funds are available from 11 the cash sources indicated in the act or from the sale of bonds or from a line of credit 12 approved by the State Bond Commission, except contracts for Department of 13 Transportation and Development projects which are subject to the provisions of R.S. 14 48:251(D). The Joint Legislative Committee on Capital Outlay commissioner of 15 administration shall make recommendations to the commissioner of administration 16 Joint Legislative Committee on Capital Outlay concerning the non-state state and 17 nonstate entity projects to be granted lines of credit. The commissioner of Page 1 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-481 REENGROSSED HB NO. 212 1 administration shall submit to the Joint Legislative Committee on Capital Outlay a 2 list of state and nonstate entity projects that will be submitted to the State Bond 3 Commission that the division of administration recommends for lines of credit a 4 minimum of five days prior to the submission to the State Bond Commission no less 5 than thirty days prior to the meeting date of the State Bond Commission in which the 6 lines of credit are to be considered. The Joint Legislative Committee on Capital 7 Outlay shall receive the list of recommendations from the division of administration 8 and shall have discretion to either approve the list or make changes to the list. The 9 committee shall make final recommendations and shall approve a list of projects 10 which shall be submitted to the State Bond Commission for consideration of lines 11 of credit. Only projects which received approval from the Joint Legislative 12 Committee on Capital Outlay shall be submitted to the State Bond Commission for 13 consideration of lines of credit. 14 * * * 15 Section 2. This Act shall become effective on January 1, 2016. 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)] HB 212 Reengrossed 2015 Regular Session Jay Morris Abstract: Requires the Joint Legislative Committee on Capital Outlay (JLCCO) to approve state and nonstate entity line of credit recommendations before the division of administration submits the list to the State Bond Commission for funding. 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 JLCCO to make recommendations to the commissioner of administration concerning nonstate entity projects to be granted lines of credit. Further requires the commissioner to submit the list of projects to be recommended for lines of credit to the JLCCO a minimum of five days prior to submission of the list to the SBC. Proposed law changes present law by requiring the commissioner to make recommendations to the JLCCO concerning state and nonstate entity projects to be recommended for lines of credit. Further requires the commissioner to submit the list of recommendations to the Page 2 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-481 REENGROSSED HB NO. 212 JLCCO no less than 30 days prior to the meeting date of the SBC in which the lines of credit are to be considered for funding. Proposed law requires the JLCCO to make final recommendations by either approving the list of recommendations or making changes to the list. Only projects which received approval from the JLCCO can be submitted to the SBC for consideration of funding. Effective Jan. 1, 2016. (Amends R.S. 39:122(A)) Summary of Amendments Adopted by House The Committee Amendments Proposed by House Committee on Ways and Means to the original bill: 1. Change effective date from July 1, 2015 to Jan. 1, 2016. Page 3 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions.