Section 18. This Act shall become effective upon signature by the governor or, if not signed
by the governor, upon expiration of the time for bills to become law without signature by the
governor, as provided in Article III, Section 18 of the Constitution of Louisiana. If vetoed by the
governor and subsequently approved by the legislature, this Act shall become effective on the day
following such approval. 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 2 Original 2017 Second Extraordinary Session Abramson
Provides for the capital outlay budget and program for FY 2017-2018; provides for the funding of
the capital outlays from the specified sources of monies in the specified amounts as follows:
State General Fund (Direct) $ 1,500,000
Federal Funds $ 62,713,000
Transportation Trust Fund (TTF) - Federal $ 637,761,670
Transportation Trust Fund (TTF) - Regular $ 168,265,658
Interagency Transfers $ 41,377,106
Misc. Statutory Dedications $ 273,636,057
Fees and Self-Generated Revenues $ 48,574,970
Revenue Bonds $ 266,625,000
TOTAL CASH PORTION $1,500,453,461
Authorizes the funding of certain capital outlay projects from the sale of general obligation bonds
for the projects delineated as follows:
Priority 1 $ 930,037,955
Priority 2 $ 116,636,698
Priority 5 $1,291,825,485
TOTAL GENERAL OBLIGATIONS BONDS $2,338,500,138
BONDS NRP/RBP $ 99,830
GRAND TOTAL ALL MEANS OF FINANCING $3,839,053,429