HLS 20RS-578 ORIGINAL 2020 Regular Session HOUSE BILL NO. 493 BY REPRESENTATIVE STEFANSKI FUNDS/TRANSPORT TRUST: Prohibits the Dept. of Transportation and Development from using Transportation Trust Fund monies for benefits for retired employees 1 AN ACT 2To enact R.S. 48:78(D), relative to the Transportation Trust Fund; to prohibit the 3 Department of Transportation and Development from using monies in the fund for 4 payment of benefits for retired employees; and to provide for related matters. 5Be it enacted by the Legislature of Louisiana: 6 Section 1. R.S. 48:78(D) is hereby enacted to read as follows: 7 ยง78. Transportation Trust Fund; limitations on appropriations; limitations on 8 utilization 9 * * * 10 D.(1) In Fiscal Year 2021-2022, the Department of Transportation and 11 Development shall not use monies deposited in the Transportation Trust Fund for the 12 payment of more than seventy-five percent of the cost of benefits for retired 13 employees. 14 (2) In Fiscal Year 2022-2023, the Department of Transportation and 15 Development shall not use monies deposited in the Transportation Trust Fund for the 16 payment of more than fifty percent of the cost of benefits for retired employees. 17 (3) In Fiscal Year 2023-2024, the Department of Transportation and 18 Development shall not use monies deposited in the Transportation Trust Fund for the Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 20RS-578 ORIGINAL HB NO. 493 1 payment of more than twenty-five percent of the cost of benefits for retired 2 employees. 3 (4) Beginning in Fiscal Year 2024-2025, and each fiscal year thereafter, the 4 Department of Transportation and Development shall not use monies deposited in 5 the Transportation Trust Fund for the payment of any of the cost of benefits for 6 retired employees. 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)) Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions.