SSHB639 3862 3981
HOUSE SUMMARY OF SENATE AMENDMENTS
HB 639 2021 Regular Session Zeringue
FUNDS/FUNDING: Provides relative to infrastructure funding
Synopsis of Senate Amendments
1.Removes the funding source for the Hurricane and Storm Drainage Risk
Reduction System Repayment Fund.
2.Removes provisions concerning investment of monies in the fund and
provisions requiring unexpended and unencumbered monies in the fund at the
end of the fiscal year to remain in the fund.
3.Removes provisions providing that monies shall only be deposited in the fund
in Fiscal Years 2021-2022 and 2022-2023.
Digest of Bill as Finally Passed by Senate
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 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.
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Effective upon signature of governor or lapse of time for gubernatorial action.
(Adds R.S. 39:100.122-100.124)
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