HLS 21RS-898 ORIGINAL 2021 Regular Session HOUSE BILL NO. 639 BY REPRESENTATIVES ZERINGUE AND SCHEXNAYDER Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana. FUNDS/FUNDING: Provides relative to infrastructure funding 1 AN ACT 2To enact Subpart Q-1 of Part II-A of Chapter 1 of Subtitle I of Title 39 of the Louisiana 3 Revised Statutes of 1950, to be comprised of R.S. 39:100.122 and 100.123, relative 4 to funding for infrastructure investment and construction; to create the Matching 5 Assistance and Grants for Infrastructure and Construction Fund; to provide for uses 6 of the fund; to create a program for the administration of monies from the fund; and 7 to provide for related matters. 8Be it enacted by the Legislature of Louisiana: 9 Section 1. Subpart Q-1 of Part II-A of Chapter 1 of Subtitle I of Title 39 of the 10Louisiana Revised Statutes of 1950, comprised of R.S. 39:100.122 and 100.123, is hereby 11enacted to read as follows: 12 SUBPART Q-1. MATCHING ASSISTANCE AND GRANTS FOR 13 INFRASTRUCTURE AND CONSTRUCTI ON FUND 14 §100.122. Matching Assistance and Grants for Infrastructure and Construction Fund 15 A. There is hereby created in the state treasury, as a special fund, the 16 "Matching Assistance and Grants for Infrastructure and Construction Fund", 17 hereinafter referred to as the "fund". 18 B. Monies in the fund shall be invested in the same manner as monies in the 19 general fund. Interest earned on investment of monies in the fund shall be credited Page 1 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 21RS-898 ORIGINAL HB NO. 639 1 to the fund. Unexpended and unencumbered monies in the fund at the end of the 2 fiscal year shall remain in the fund. 3 C. Monies in the fund shall be used solely as provided in this Subpart. 4 §100.123. Matching Assistance and Grants for Infrastructure and Construction 5 Program 6 A. There is hereby created the Matching Assistance and Grants for 7 Infrastructure and Construction Program to be administered as provided in this 8 Section. 9 B. The program may provide funding for any of the following purposes: 10 (1) To provide match funds and other required local contributions to local 11 governments for planning, design, construction, and maintenance connected with 12 infrastructure projects. 13 (2) To establish state programs to assist local government with funding for 14 infrastructure projects, including those for water, sewerage, and broadband projects. 15 (3) To provide funding for coastal infrastructure, including hurricane 16 protection and mitigation projects related to wetlands in the coastal area. 17 (4) To provide the state share of matching funds for federal grants or other 18 required contributions for the planning, design, construction, and maintenance 19 connected with federal funding for infrastructure projects. 20 (5) To finance any infrastructure programs which the federal government 21 authorizes. 22 (6) To provide for any other expenditure consistent with a federal 23 infrastructure program. 24 Section 2. This Act shall become effective upon signature by the governor or, if not 25signed by the governor, upon expiration of the time for bills to become law without signature 26by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If 27vetoed by the governor and subsequently approved by the legislature, this Act shall become 28effective on the day following such approval. Page 2 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 21RS-898 ORIGINAL HB NO. 639 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 639 Original 2021 Regular Session Zeringue Abstract: Creates the Matching Assistance and Grants for Infrastructure and Construction Fund to provide funding for state infrastructure programs and expenditures. Proposed law creates the Matching Assistance and Grants for Infrastructure and Construction Fund as a special fund in the state treasury. Proposed law creates the Matching Assistance and Grants for Infrastructure and Construction Program to administer monies from the fund. Proposed law provides that the program may provide funding for the following purposes: (1)To provide match funds and other required local contributions to local governments for planning, design, construction, and maintenance connected with infrastructure projects. (2)To establish state programs to assist local government with funding for infrastructure projects, including those for water, sewerage, and broadband projects. (3)To provide funding for coastal infrastructure, including hurricane protection and mitigation projects related to wetlands in the coastal area. (4)To provide the state share of matching funds for federal grants or other required contributions for the planning, design, construction, and maintenance connected with federal funding for infrastructure projects. (5)To finance any infrastructure programs which the federal government authorizes. (6)To provide for any other expenditure consistent with a federal infrastructure program. Effective upon signature of governor or lapse of time for gubernatorial action. (Adds R.S. 39:100.122 and 100.123) Page 3 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions.