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 235 Original 2016 Regular Session Talbot
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 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 upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 39:122(A))