Louisiana 2020 2020 Regular Session

Louisiana House Bill HB493 Comm Sub / Analysis

                    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 493 Original	2020 Regular Session	Stefanski
Abstract:  Beginning in Fiscal Year 2021-2022, limits Transportation Trust Fund monies from
being used to fund Dept. of Transportation and Development benefits for retired employees.
Present constitution requires monies deposited in the Transportation Trust Fund (TTF) to be
appropriated or dedicated solely and exclusively for costs associated with construction and
maintenance of roads and bridges of the state and federal highway systems, the Statewide
Flood-Control Program, ports, airports, transit, and the Parish Transportation Fund.
Present law provides for certain limitations on appropriations and utilization of the TTF.
Proposed law adds the following limitations to utilization of the fund by the Dept. of Transportation
and Development (DOTD):
(1)In FY 2021-2022, DOTD shall not use TTF monies to pay for more than 75% of the cost of
benefits for retired employees.
(2)In FY 2022-2023, DOTD shall not use TTF monies to pay for more than 50% of the cost of
benefits for retired employees.
(3)In FY 2023-2024, DOTD shall not use TTF monies to pay for more than 25% of the cost of
benefits for retired employees.
(2)Beginning in FY 2024-2025, and each fiscal year thereafter, DOTD shall not use TTF monies
to pay for any of the cost of benefits for retired employees.
(Adds R.S. 48:78(D))