Louisiana 2016 2016 2nd Special Session

Louisiana House Bill HB67 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 67 Original 2016 Second Extraordinary Session	Stokes
Provides for the capital outlay budget and program for FY 2016-2017; provides for the funding of
the capital outlays from the specified sources of monies in the specified amounts as follows:
Federal Funds	$ 133,062,470
Transportation Trust Fund (TTF) - Federal	$ 546,016,024
Transportation Trust Fund (TTF) - Regular	$ 168,080,301
Interagency Transfers	$ 199,673,500
Misc. Statutory Dedications	$205,286,862
Fees and Self-Generated Revenues	$69,760,000
Reappropriated Cash	$8,114,975
Revenue Bonds	$ 282,561,400
TOTAL CASH PORTION	$1,612,555,532
Authorizes the funding of certain capital outlay projects from the sale of general obligation bonds
for the projects delineated as follows:
Priority 1	$  1,294,249,105
Priority 2	$ 273,288,245
Priority 5	$1,109,331,267
TOTAL GENERAL OBLIGATIONS BONDS	$2,676,868,617
BONDS NRP/RBP	$12,187,520
GRAND TOTAL ALL MEANS OF FINANCING	$4,301,611,669 Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Ways and Means to the original
bill:
1. Changed the General Obligation Bond funding as follows:
Priority 1	$  16,950,000
Priority 2	$ (35,849,500)
Priority 5	$ 7,349,500
2. Changed the NRP/RBP funding as follows:
NRP	$ 11,058,946
The House Floor Amendments to the engrossed bill:
1. Changed the General Obligation Bond funding as follows:
Priority 1	$  (22,928,345)
Priority 2	$ (42,974,950)
Priority 5	$ 82,860,200
2. Changed cash funding as follows:
Federal Funds	$ 2,500,000
Interagency Transfers	$ 84,173,500
Reappropriated Cash	$ 5,478,943
Fees and Self-Generated Revenues	$ (3,000,000)