SLS 21RS-762 ORIGINAL
2021 Regular Session
SENATE CONCURRENT RESOL UTION NO. 30
BY SENATOR ALLAIN
JOINT RULES. Limits annual total cash general obligation capital outlay projects to general
obligation bond cash line of credit capacity.
1 A CONCURRENT RESOL UTION
2 To adopt Joint Rule No. 21 of the Joint Rules of Order of the Senate and House of
3 Representatives to limit the dollar amount of general obligation bond projects in
4 Priorities 1 through 4 appropriated in the annual capital outlay act and any
5 supplemental appropriation act to no more than the annual new general obligation
6 bond cash line of credit capacity limit, unless the limit is raised by a favorable vote
7 of two-thirds of the elected members of each house of the legislature.
8 BE IT RESOLVED by the Legislature of Louisiana that Joint Rule No. 21 of the
9 Joint Rules of Order of the Senate and House of Representatives to read as follows:
10 Joint Rule No. 21. Limits on general obligation bond projects in the annual
11 capital outlay act and any supplemental appropriation act
12 In order for all general obligation bond funded capital outlay projects
13 in Priorities 1 through 4 of the annual capital outlay act or a supplemental
14 appropriation act to have the opportunity to receive a cash line of credit from
15 the State Bond Commission, the legislature does adopt this Joint Rule, as
16 follows:
17 A. The dollar amount of general obligation bond projects in Priorities
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SCR NO. 30
SLS 21RS-762 ORIGINAL
1 1 through 4 appropriated in the annual capital outlay act and any supplemental
2 appropriation act shall be no more than the annual new general obligation bond
3 cash line of credit capacity limit, unless the limit is raised by a favorable vote of
4 two-thirds of the elected members of each house of the legislature.
5 B. As provided in R.S. 39:112(F), the general obligation bond cash line
6 of credit capacity shall be limited to two hundred million dollars annually
7 adjusted for construction inflation from 1994.
8 C. This joint rule shall only apply to projects payable from general
9 obligation bonds in Priorities 1 through 4 and shall not apply to general
10 obligation bond projects in Priority 5, nor to nongeneral obligation bonds
11 means of finance.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Martha S. Hess.
DIGEST
SCR 30 Original 2021 Regular Session Allain
Proposed Joint Rule provides that the dollar amount of general obligation bond projects in
Priorities 1 through 4 appropriated in the annual capital outlay act and any supplemental
appropriation act is limited to no more than the annual new general obligation bond cash line
of credit capacity limit, unless the limit is raised by a favorable vote of two-thirds of the
elected members of each house of the legislature.
Present law provides that the general obligation bond cash line of credit capacity shall be
limited to $200 million annually adjusted for construction inflation from 1994.
(Adds Jt. Rule 21)
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.