GREEN SHEET REDIGEST HB 357 2016 Regular Session Leger (KEYWORD, SUMMARY, AND DIGEST as amended by Senate committee amendments) Provides relative to funds to be utilized for state rail freight service assistance. DIGEST Present law authorizes the Dept. of Transportation and Development to provide financial assistance, within the limits of the funds appropriated for this purpose, for the preservation of operations and maintenance of any railroad within the state as provided for in relevant federal law. Proposed law retains present law. Present law provides that no state funds shall be used for financial assistance to any private or public person or corporation. Proposed law changes present law to allow use of state funds provided the department submits a report to the House and Senate committees on transportation, highways, and public works prior to application for federal funds. Effective upon signature of governor or lapse of time for gubernatorial action. (Amends R.S. 48:388(F)) Summary of Amendments Adopted by House The Committee Amendments Proposed by House Committee on Transportation, Highways and Public Works to the original bill: 1. Make proposed law effective upon signature of governor or lapse of time for gubernatorial action. Summary of Amendments Adopted by Senate Committee Amendments Proposed by Senate Committee on Transportation, Highways, and Public Works to the original bill 1. Amends instead of repeals present law to allow use of state funds to provide financial assistance to any private or public person or corporation provided the department submits a report to the House and Senate committees on transportation, highways, and public works prior to application for federal funds. Page 1 of 1 Prepared by Sharon F. Lyles.