SLS 22RS-239 ORIGINAL 2022 Regular Session SENATE BILL NO. 138 BY SENATOR MORRIS FUNDS/FUNDING. Provides for the funding of certain projects from the Construction Subfund. (7/1/22) 1 AN ACT 2 To amend and reenact R.S. 48:77(C)(2)(c) and (E) and to enact R.S. 48:77(F), relative to the 3 funding of certain projects from the Construction Subfund of the Transportation 4 Trust Fund; to provide for an effective date; and to provide for related matters. 5 Be it enacted by the Legislature of Louisiana: 6 Section 1. R.S. 48:77(C)(2)(c) and (E) are hereby amended and reenacted and R.S. 7 48:77(F) is hereby enacted to read as follows: 8 ยง77. Transportation Trust Fund; dedication and uses of certain monies to the 9 Construction Subfund 10 * * * 11 C. The Department of Transportation and Development shall utilize up to 12 seventy-five percent of the monies deposited into the subfund pursuant to Subsection 13 A of this Section as follows: 14 * * * 15 (2) For cash managed capacity projects included in the highway priority 16 program pursuant to the Department of Transportation and Development's definition 17 of capacity projects, including but not limited to the following: Page 1 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 138 SLS 22RS-239 ORIGINAL 1 * * * 2 (c) Widening of LA 28 East to four lanes from Libuse to Hollway Holloway. 3 * * * 4 E. Notwithstanding any law or regulation to the contrary, the projects 5 listed or described in Subsections C and D of this Section shall be funded and 6 constructed, built, or worked on even if the project is not a state-owned road or 7 bridge or other state project. 8 E. F. In any fiscal year, neither the state nor any agency shall issue debt in 9 the aggregate in excess of one hundred fifty million dollars that is secured by any 10 monies deposited into the subfund pursuant to the provisions of this Section. 11 Section 2. This Act shall become effective on July 1, 2022; if vetoed by the governor 12 and subsequently approved by the legislature, this Act shall become effective on the day 13 following such approval by the legislature or July 1, 2022, whichever is later. The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Martha S. Hess. DIGEST SB 138 Original 2022 Regular Session Morris Present law provides for the funding of certain listed or described transportation projects from the Construction Subfund of the Transportation Trust Fund. Proposed law retains present law. Proposed law provides that the projects listed or described in present law shall be funded and constructed, built, or worked on even if the project is not a state-owned road or bridge, or other state project, notwithstanding any law or regulation to the contrary. Effective July 1, 2022. (Amends R.S. 48:77(C)(2)(c) and (E); adds R.S. 48:77(F)) Page 2 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions.