RÉSUMÉ DIGEST
ACT 348 (HB 645) 2015 Regular Session Connick
New law requires the Dept. of Transportation and Development to utilize toll credits
generated by past toll collections on the Crescent City Connection Bridge and not obligated
on or before April 3, 2015, to meet the nonfederal share requirement on transportation
infrastructure projects on the Crescent City Connection Bridge itself, the Westbank
Expressway or its approaches, the La. Highway 23 bridge and tunnel replacement project,
the Fourth Street Extension, or any combination thereof, and for no other purpose.
New law provides that nothing in it is to require the Dept. of Transportation and
Development to construct any project listed in it before another state highway project or to
give priority to any such project over another state highway project.
New law provides that toll credits shall be considered a supplemental funding source and not
as a replacement for any other form of state transportation funding.
New 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.
Effective Aug. 1, 2015.
(Adds R.S. 48:79)