Louisiana 2015 2015 Regular Session

Louisiana House Bill HB645 Comm Sub / Analysis

                    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)