RÉSUMÉ DIGEST
ACT 292 (SB 166) 2023 Regular Session Jackson
Existing law requires the governor to submit to the legislature no later than the eighth day
of each regular session a capital outlay budget which implements the first year of the
five-year capital outlay program and the bond authorization bill for the sale of bonds to fund
projects included in the bond portion of the capital outlay bill.
Existing law requires non-state entities applying for capital outlay funding to provide a
match of not less than 25% of the total requested funding amount with the following
exceptions:
(1)Projects deemed to be an emergency by the commissioner of administration.
(2)Projects for which a non-state entity has demonstrated its inability to provide a local
match.
(3) A water or sewer project for a system servicing 1,250 or fewer connections.
(4) A project undertaken by a governmental entity to provide natural gas utility services
for a system that services 1,250 or fewer connections.
New law adds an exception that the division of administration may, at its discretion, waive
the entire match or a portion thereof for an applicant project undertaken by a municipality
with a population of less than 6,000 or a parish with a population of 7,500 or less which has
demonstrated its inability to provide a local match by submitting the following to the
division of administration:
(1)The applicant's two most recent annual financial reports.
(2)If the applicant project relates to an existing utility system, a rate study conducted
within three years prior to the request for a waiver of the match.
New law provides that if the applicant project relates to an existing utility system, the
division of administration may, at its discretion, approve a waiver of the entire match or a
portion thereof that is contingent upon the applicant increasing utility rates.
Effective June 13, 2023.
(Adds R.S. 39:112(E)(2)(e))