The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Bobbie Hunter.
DIGEST
SB 14 Original 2018 Second Extraordinary Session Morrell
Present law provides for the implementation of a five-year capital improvement program; provides
for the repeal of certain prior bond authorizations; provides for new bond authorizations; provides
for authorization and sale of such bonds by the State Bond Commission; and provides for related
matters. Proposed law retains present law.
Proposed law deems projects included in Section (1)(A) of HB No. 2 of the 2018 R.S. to have timely
submitted capital outlay budget request applications for FY 2018-2019 and to have complied with
the late approval requirements of present law. Further authorizes these projects to be eligible for lines
of credit for FY 2018-2019.
Proposed law deems projects included in Section (1)(B) of HB No. 2 of the 2018 R.S. to have until
the governor signs the bill or the lapse of time for bills to become law withoug the governor's
signature, to submit capital outlay budget request applications and if the project application is
submitted by that date, the project is deemed to have complied with late approval requirements in
present law.
Effective upon signature of governor or lapse of time for gubernatorial action.