Louisiana House Bill HB356

Louisiana 2016 Regular Session

• Introduced: 3/2/16
• Refer: 3/2/16
• Refer: 3/14/16
• Report Pass: 4/4/16

Caption

Renews the Freight Railroad Intermodal Grant Program

Impact

The implications of HB 356 extend to state laws governing transportation funding, particularly those associated with the Freight Railroad Intermodal Grant Program. By allowing the use of Transportation Trust Fund resources, the bill effectively expands the financial support available for freight intermodal projects, potentially improving the efficiency and capacity of rail transport in Louisiana. This should positively impact local economies by facilitating better logistics and transportation networks, thereby attracting businesses that rely on reliable freight services.

Summary

House Bill 356 aims to renew the Freight Railroad Intermodal Grant Program in Louisiana. The bill proposes to remove the previous stipulation limiting the program to a 10-year operational period and allows for the use of Transportation Trust Fund monies for the program. This change signifies a long-term commitment to support freight transportation initiatives and modernize the railroad infrastructure within the state. The bill also retains provisions prohibiting the use of these funds for the operating costs of any railroad, ensuring that the grants are directed solely towards enhancing infrastructure rather than operational subsidies.

Sentiment

The general sentiment around HB 356 is supportive, particularly from stakeholders in the transportation and logistics sectors. Proponents of the bill contend that enhancing the Freight Railroad Intermodal Grant Program will lead to substantial investment in infrastructure, fostering growth and job creation in related industries. However, there are voices of caution regarding the need for transparency and accountability in how the funds are utilized, ensuring they genuinely enhance intermodal capabilities rather than merely subsidizing existing operations.

Contention

While there seems to be broad agreement on renewing the grant program, some legislators might express concerns over the reliance on Transportation Trust Fund monies. Critics may argue that utilizing these funds could draw resources away from other essential infrastructure projects. Additionally, the stipulation that prevents these funds from being used for operational costs may prompt debates about what constitutes appropriate funding use and how to prioritize projects within the state's infrastructure budget.