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 3 Engrossed 2021 Regular Session Bishop
Abstract: Provides for the implementation of a five-year capital improvement program.
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.
Authorizes issuance of not to exceed $400,000,000 in general obligation bonds for paying the first
installment payment due by the state to the U.S. Army Corps of Engineers which payment shall be
made on or before Sept. 30, 2021. Further directs the Treasurer to transfer $400,000,000 upon
receipt of the bond proceeds to the Secretary of the Army.
Effective upon signature of governor or lapse of time for gubernatorial action.
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Ways and Means to the original
bill:
1. Add authorization for the issuance of not to exceed $400,000,000 in general obligation
bonds for paying the first installment payment due by the state to the U.S. Army Corps
of Engineers which payment be made on or before Sept. 30, 2021.
2. Direct the Treasurer to transfer $400,000,000 upon receipt of the bond proceeds to the
U.S. Army Corps of Engineers.