Louisiana 2021 2021 Regular Session

Louisiana House Bill HB639 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 639 Reengrossed 2021 Regular Session	Zeringue
Abstract:  Creates the Matching Assistance and Grants for Infrastructure and Construction Fund and
the Hurricane and Storm Damage Risk Reduction System Repayment 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 matching 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 governments 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.
Proposed law creates the Hurricane and Storm Damage Risk Reduction System Repayment Fund
as a special fund in the state treasury.
Proposed law requires for Fiscal Years 2021-2022 and 2022-2023 that certain state taxes levied on
the sale at retail, use, lease,  rental, consumption, distribution, and storage for use or consumption
of each item or article of tangible personal property, including remote sales, that are collected in the parishes of St. Charles, Jefferson, Plaquemines, St. Bernard, and Orleans to be deposited into the
fund.
Proposed law provides that money in the fund shall be used exclusively to make payments to the
U.S. Army Corp of Engineers for costs associated with Hurricane and Storm Damage Risk
Reduction System or to make debt service payments if the state issues general obligation bonds to
fund the payments to the U.S. Army Corp of Engineers.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Adds R.S. 39:100.122-100.124)
Summary of Amendments Adopted by House
The House Floor Amendments to the engrossed bill:
1. Creates the Hurricane and Storm Damage Risk Reduction System Repayment Fund and
dedicates certain state sales taxes to the fund.