Louisiana 2015 2015 Regular Session

Louisiana House Bill HB645 Introduced / Bill

                    HLS 15RS-1018	ORIGINAL
2015 Regular Session
HOUSE BILL NO. 645
BY REPRESENTATIVE CONNICK
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
HIGHWAYS:  Restricts the use of toll credits on certain highways
1	AN ACT
2To enact R.S. 48:79, relative to toll credits; to require toll credits to be used for highway
3 projects within the area the toll credits were generated; and to provide for related
4 matters.
5Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 48:79 is hereby enacted to read as follows:
7 §79.  Toll credits
8	A.(1) The department shall utilize toll credits generated by a tolled
9 transportation facility solely for highway projects on or in the vicinity of the facility
10 where the toll was collected.
11	(2)  Toll credits shall be considered a supplemental funding source only to
12 be used in the area where the toll credit is generated and not as a replacement for any
13 other form of state transportation funding.
14	B.  For purposes of this Section, "toll credit" means a financing tool approved
15 by the Federal Highway Administration that allows states to use federal obligation
16 authority without the requirement of nonfederal matching dollars.
Page 1 of 2
CODING:  Words in struck through type are deletions from existing law; words underscored
are additions. HLS 15RS-1018	ORIGINAL
HB NO. 645
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 645 Original 2015 Regular Session	Connick
Abstract:  Requires the Dept. of Transportation and Development (DOTD) to utilize toll
credits generated by a tolled transportation facility solely for highway projects on or
in the vicinity of the facility where the toll was collected.
Proposed law requires the DOTD to utilize toll credits generated by a tolled transportation
facility solely for highway projects on or in the vicinity of the facility where the toll was
collected.
Proposed law specifies that toll credits are considered a supplemental funding source only
to be used in the area where the toll credit is generated and not as a replacement for any
other form of state transportation funding.
Proposed law defines "toll credit" as a financing tool approved by the Federal Highway
Administration that allows states to use federal obligation authority without the requirement
of nonfederal matching dollars.
(Adds R.S. 48:79)
Page 2 of 2
CODING:  Words in struck through type are deletions from existing law; words underscored
are additions.