SLS 23RS-180 ORIGINAL 2023 Regular Session SENATE BILL NO. 50 BY SENATOR ABRAHAM Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana. TRANSPORTATION/DEV DEPT. Creates and provides relative to the Calcasieu Parish Tolling Authority. (8/1/23) 1 AN ACT 2 To enact Chapter 38 of Title 48 of the Louisiana Revised Statutes of 1950, to be comprised 3 of R.S. 48:2221 through 2234, relative to the creation of the Calcasieu Parish Tolling 4 Authority; to provide for definitions; to establish a board of directors; to specify the 5 purpose, powers, jurisdiction, and duties of the authority; to provide relative to the 6 ethics code and public records; to provide relative to tolls, bonds, and other revenue; 7 to provide relative to certain projects, acquisition of land, and utilities; to provide 8 relative to public-private partnership projects; and to provide for related matters. 9 Be it enacted by the Legislature of Louisiana: 10 Section 1. Chapter 38 of Title 48 of the Louisiana Revised Statutes of 1950, 11 comprised of R.S. 48:2221 through 2234, is hereby enacted to read as follows: 12 CHAPTER 38. CALCASIEU PARISH TOLLING AUTHORITY 13 §2221. Short title 14 This Chapter shall be known and may be referred to as the "Calcasieu 15 Parish Tolling Authority Act" and derives its statutory authority for creation 16 and implementation from the provisions contained in Chapter 26 of this Title 17 of the Louisiana Revised Statutes of 1950, more specifically referenced as the Page 1 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 Louisiana Transportation Development Act. Any provision not contained or 2 addressed in the Calcasieu Parish Tolling Authority Act shall be governed by 3 the Louisiana Transportation Development Act. 4 §2222. Purpose; legislative findings 5 A. The legislature hereby finds and declares that the development, 6 construction, and maintenance of an efficient, safe, and well-maintained 7 intermodal transportation system is essential to improve safety, relieve 8 congestion, promote continued economic growth, and provide an increased 9 quality of life for the people of this state. 10 B. Public revenue, including federal funds, has not kept pace with the 11 state's growing transportation system needs. The legislature hereby finds and 12 declares that it is a matter of public necessity to create the Calcasieu Parish 13 Tolling Authority to pursue alternative and innovative funding sources, 14 including but not limited to public-private partnerships and tolls, to supplement 15 public revenue sources and improve the state transportation system. 16 C.(1) The legislature hereby finds and declares that it is a matter of 17 public necessity to authorize the Calcasieu Parish Tolling Authority to pursue 18 public-private partnerships or other authorized methods to supplement public 19 revenue sources and to pursue alternative and innovative funding sources to 20 improve Louisiana's transportation system by funding a six-lane bridge, located 21 parallel to the existing Interstate 10 Calcasieu River Bridge, with shoulders, a 22 pedestrian walkway, and related ingress and egress through tolls. 23 (2) The legislature further finds that authorizing the Calcasieu Parish 24 Tolling Authority to contract with private entities for the development or 25 operation of a tollway equipped with tolls will provide significant public benefit 26 for the citizens of Louisiana and minimize the need for the imposition of 27 additional taxes. The public need for timely and cost-efficient development or 28 operation of transportation facilities within the state may not be wholly satisfied 29 by existing methods utilized by public entities to develop and operate qualifying Page 2 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 transportation facilities. 2 D. It is the intent of this Chapter to encourage investment in the state of 3 Louisiana by private entities to develop and operate qualifying transportation 4 facilities. 5 §2223. Definitions 6 Unless the text clearly indicates otherwise, the following words or 7 phrases shall have the meanings ascribed to them: 8 (1) "Act" shall mean the Calcasieu Parish Tolling Authority Act. 9 (2) "Authority" shall mean the Calcasieu Parish Tolling Authority 10 created by this Chapter. 11 (3) "Board" shall mean the board of directors of the authority. 12 (4) "Department" shall mean the Louisiana Department of 13 Transportation and Development. 14 (5) "Federal government" shall mean the United States of America and 15 any agency or instrumentality, corporate or otherwise, of the United States of 16 America. 17 (6) "Person" shall mean any individual, partnership, firm, corporation, 18 company, cooperative, association, society, trust, or any other business unit or 19 entity, including any state or federal agency. 20 (7) "Private entity" shall mean a corporation, limited partnership, 21 general partnership, limited liability company, joint venture, business trust, or 22 other business entity. 23 (8) "Project" shall mean any capital project undertaken pursuant to this 24 Chapter, including the acquisition of real property, construction, 25 reconstruction, improvement, extension, installation, development, landscaping, 26 or operation of a tollway. 27 (9) "Project costs" shall mean all costs associated with and necessary to 28 plan, design, acquire property rights, and construct a project, and such other 29 expenses as may be necessary or incidental to the construction, financing, and Page 3 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 operation of the project. 2 (10) "Public utility facilities" shall mean tracks, pipes, mains, conduits, 3 cables, wires, towers, poles, and other equipment and appliances which are 4 either publicly or privately owned. 5 (11) "Real property" shall mean lands, waters, rights in lands or waters, 6 structures, franchises, and interests in land, including lands under water, 7 riparian rights, property rights in air space or subsurface, and any and all other 8 things and rights usually included within said term, including any and all 9 interests in such property less than full title. 10 (12) "Revenue" shall mean: 11 (a) Any income, revenue, toll, and receipt derived or to be derived from 12 the construction and operation of projects by the authority or received by the 13 authority from any other sources. 14 (b) Monies generated by way of contract, pledge, donation, or bequest. 15 (13) "Secretary" shall mean the secretary of the Louisiana Department 16 of Transportation and Development. 17 (14) "State" shall mean the state of Louisiana or any agency or 18 instrumentality of the state. 19 (15) "Toll" shall mean any fee or charge for the use of a tollway. 20 (16) "Tollway" shall mean any limited access highway, bridge, or other 21 transportation facility constructed or operated by the authority. 22 §2224. Calcasieu Parish Tolling Authority; creation; board of directors; 23 quorum; compensation; meetings 24 A. The Calcasieu Parish Tolling Authority, hereafter referred to as the 25 "authority", is hereby created possessing full corporate powers to promote, 26 plan, finance, develop, construct, control, regulate, operate, and maintain any 27 limited access tollway or transitway to be constructed within its jurisdiction. 28 B. The domicile of the authority shall be Calcasieu Parish. 29 C.(1) The board shall consist of nine directors who shall be the Page 4 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 governing body of the authority, with full power to promulgate rules and 2 regulations for the maintenance and operation of the authority, and shall be 3 composed as follows: 4 (a) Two directors who reside in Calcasieu Parish, one of which shall be 5 a minority, selected by the Calcasieu Parish Police Jury. 6 (b) Two directors who reside in Lake Charles, one of which shall be a 7 minority, selected by the Lake Charles City Council. 8 (c) One director who resides in Sulphur, selected by the municipal 9 governing authority of the city of Sulphur. 10 (d) One director who resides in Westlake, selected by the municipal 11 governing authority of the city of Westlake. 12 (e) Three directors selected by the legislative delegation representing 13 Calcasieu Parish. 14 (2) The authority shall elect from its directors a chairman, a vice 15 chairman, and a secretary-treasurer who shall serve one-year terms. 16 D. The appointed directors shall take and subscribe to the oath of office 17 required of public officials. Appointed directors shall serve until their 18 successors are appointed and sworn into office. Directors may be removed from 19 office for cause by a district court having jurisdiction. 20 E. A majority of the directors shall constitute a quorum for the 21 transaction of official business. All official actions of the authority shall require 22 an affirmative vote of the directors present and voting at any meeting. 23 F. Directors of the authority shall not be entitled to any salary for the 24 performance of their duties as directors, but each member shall be reimbursed 25 for actual expenses necessarily incurred in the performance of all duties in 26 connection with business of the authority. Appointed directors may be 27 reimbursed for mileage expenses incurred for attendance at meetings of the 28 authority. The mileage allowance shall be fixed by the authority in an amount 29 not to exceed the mileage allowance authorized under state travel regulations, Page 5 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 at rates and standards as promulgated by the division of administration subject 2 to the availability of funds. 3 G. The authority shall meet at least quarterly and may meet more 4 frequently upon call of the chairman. 5 H. The boundary and jurisdiction of the authority shall be coextensive 6 with the boundaries of Calcasieu Parish. 7 I. The authority may perform, procure from the Department of 8 Transportation and Development with the consent of its secretary, or procure 9 from outside service providers any service or portion of services necessary to 10 fulfill the duties and obligations of the authority. 11 §2225. Conflict of interest; ethics code 12 Any authority created pursuant to this Chapter, and all directors and 13 officers of the authority, shall be subject to the provisions of R.S. 42:1101 et. 14 seq., more specifically referenced as the Code of Governmental Ethics. 15 §2226. Right of public agencies to material 16 The authority created pursuant to this Chapter shall be subject to and 17 fully comply with the public records law pursuant to R.S. 44:1 et seq., and the 18 open meetings law pursuant to R.S. 42:4.1 et seq., of the state. The proceedings 19 and documents of the authority shall be public record. All reports, maps, or 20 other technical documents produced in whole or in part by the authority may 21 be utilized by the authority or any other public agency in any manner that it 22 considers necessary and advisable in the conduct of its duties. 23 §2227. Establish feasibility; prior written approval 24 A. The authority may construct new additional highway tolls or 25 transitway toll facilities only with the prior express written consent of the 26 affected governing bodies within the geographic boundaries of the authority 27 after public hearing, including but not limited to the department. 28 B. Prior to the creation of the authority and the initiation of 29 environmental impact statements, feasibility studies must first be conducted Page 6 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 under sponsorship or approval of the department or the metropolitan planning 2 organization, if applicable, to substantiate project need and justification. 3 §2228. Jurisdiction; powers of the authority 4 In addition to having all of the powers granted it by virtue of it being a 5 nonprofit corporation created pursuant to the Louisiana Nonprofit Corporation 6 Law, the authority may exercise powers necessary, appurtenant, convenient, or 7 incidental to the carrying out of its purposes, including but not limited to the 8 following rights and powers: 9 (1) To adopt and amend bylaws, rules, and regulations necessary to 10 carry out the purposes of the authority, for the governance of its affairs, and for 11 the conduct of its business. 12 (2) To adopt, use, and alter at will an official seal. 13 (3)(a) To plan, construct, reconstruct, maintain, improve, install, extend, 14 develop, repair, operate, own, or lease projects within its jurisdiction in the 15 manner to be determined by the authority and to pay any project costs. 16 (b) Notwithstanding any provision of law to the contrary, any authority 17 project that includes the construction or reconstruction of an existing state or 18 federal highway shall have the express written consent of the department and 19 federal government prior to the commencement of any development, 20 construction, or reconstruction activities. 21 (4) To sue and be sued in its own name. 22 (5) To fix, impose, revise, and occasionally adjust tolls, fees, and charges 23 in connection with its projects sufficient to pay all maintenance, operation, debt 24 service and reserve or replacement costs, and other necessary or usual charges. 25 (6) To regulate speed limits on the tollways consistent with state speed 26 limits. 27 (7) To contract with any person, partnership, association, or corporation 28 desiring the use of any part of a project, including the right-of-way adjoining 29 the paved portion, for placing thereon telephone, fiber optic, telegraph, electric Page 7 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 light, or power lines, gas stations, garages, and restaurants, or for any other 2 purpose, and to fix the terms, conditions, rents, and rates of charges for such 3 use. 4 (8) To acquire, hold, and dispose of real and personal property in the 5 exercise of its powers and the performance of its duties under this Chapter and 6 in accordance with existing law. 7 (9) To acquire public or private lands in the name of the authority by 8 purchase, donation, exchange, foreclosure, lease, or otherwise, including rights 9 or easements, in the manner provided by this Chapter, as it may deem necessary 10 for carrying out the provisions of this Chapter. 11 (10) To hold, sell, assign, lease, or otherwise dispose of any real or 12 personal property or any interest therein; to release or relinquish any right, 13 title, claim, lien, interest, easement, or demand however acquired, including any 14 equity or right of redemption in property foreclosed by it; take assignments of 15 leases and rentals; proceed with foreclosure actions; or take any other actions 16 necessary or incidental to the performance of its corporate purposes. 17 (11) To establish control of access, designate the location, and establish, 18 limit, and control points of ingress and egress for each project as may be 19 necessary or desirable in the judgment of the authority to ensure its proper 20 operation and maintenance and to prohibit entrance to such projects from any 21 point or points not so designated, subject to the prior written concurrence of the 22 department, when the state highway system is affected. 23 (12) To relocate parish, municipal, or other public roads affected or 24 severed by authority projects with equal or better facilities at the expense of the 25 authority. 26 (13) To enter or authorize its agents to enter, upon any lands, waters, 27 and premises within the geographic boundaries of the authority for the purpose 28 of making surveys, soundings, drillings, and examinations as it may deem 29 necessary or appropriate for the purposes of this Chapter. Such entry shall not Page 8 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 be deemed a trespass or unlawful. The authority shall make reimbursement for 2 any actual damages resulting to such lands, waters, and premises as a result of 3 such activities. 4 (14) To procure insurance in such amount or amounts appropriate to 5 the size of the project, as determined by the board, insuring the authority 6 against all losses, risk, and liability arising out of the construction, operation, 7 maintenance, and ownership of any project. 8 (15) To apply for, receive, and accept grants, loans, advances, and 9 contributions from any source of money, property, labor, or other things of 10 value, to be held, used, and applied for its corporate purposes. 11 (16) To open accounts at financial institutions necessary to conduct its 12 business and to invest any funds held in reserves or sinking funds, or any funds 13 not required for immediate disbursement in such investments as may be 14 provided in any financing document relating to the use of such funds, or, if not 15 so provided, as the board may determine, subject to compliance with state laws 16 relative to investments by political subdivisions. 17 (17) To borrow money and issue bonds for any corporate purpose. 18 (18) To enter into contracts and agreements and execute all instruments 19 necessary or convenient for accomplishing the purposes of the authority. 20 (19) To enter into agreements with a public or private entity to 21 construct, maintain, repair, or operate authority projects. 22 (20) To authorize the investment of public and private money to finance 23 authority projects, subject to compliance with state law relative to the use of 24 public funds. 25 (21) To employ consultants, engineers, attorneys, accountants, 26 construction and financial experts, superintendents, managers, and such other 27 employees and agents as may be necessary for the accomplishment of its 28 purposes and to fix their compensation. 29 (22) To perform all acts necessary or convenient to execute the powers Page 9 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 granted to the authority by law. 2 §2229. Acquisition of lands and property 3 A. For the purposes of this Chapter, the authority may acquire private 4 or public property and property rights by donation, purchase, or exchange in 5 the transportation corridor designated by the authority, as the authority may 6 consider necessary for any of the purposes provided in this Chapter. 7 B. In the acquisition of land and property rights, the authority may 8 acquire an entire lot, block, or tract of land, if, by so doing, the acquisition cost 9 to the authority will be equal to or less than the cost of acquiring only that 10 portion of the property necessary for the project. 11 C. The authority may sell, lease, or otherwise dispose of all or any 12 portion of a project, provided that the sale, lease, or other disposition of a 13 state-designated project shall require department approval. Notwithstanding 14 any law to the contrary, any surplus property may be sold in accordance with 15 procedures adopted by the authority that maximize the price received for such 16 property. 17 D. When the authority acquires property for a project, it is not subject 18 to any liability imposed by preexisting conditions. This Subsection does not, 19 however, affect the rights or liabilities of any past or future owners of the 20 acquired property, nor does it affect the liability of any governmental entity for 21 the results of its actions which create or exacerbate a pollution source. The 22 authority and the Louisiana Department of Environmental Quality may enter 23 into interagency agreements for the performance, funding, and reimbursement 24 of the investigative and remedial acts necessary for property acquired by the 25 authority. 26 §2230. Public utilities 27 A.(1) The authority shall have the power to make reasonable regulations 28 for the installation, construction, maintenance, repair, renewal, relocation, and 29 removal of any public utility, railroad, or pipeline company, in, on, along, over, Page 10 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 or under a project. 2 (2) If the authority determines that it is necessary for any public utility 3 facilities to be relocated, removed, or carried along or across an authority 4 project by grade separation, the owner or operator of such facilities shall 5 relocate or remove the same in accordance with the order of the authority; 6 however, the cost and expense of such relocation, removal, or grade separation, 7 including the cost of installing such facilities in a new location or locations, and 8 the cost of any land, or any rights or interest in lands, and any other rights 9 acquired to accomplish such relocation or removal, shall be paid as project costs 10 by the authority. 11 (3) In the case of any such relocation or removal, the owners or 12 operators of public utility facilities, their successors or assigns, may use and 13 operate said public utility facilities in the new location or locations upon the 14 same terms and conditions enjoyed prior to relocation or removal. 15 B. Notwithstanding the provisions of Subsection A of this Section, any 16 utility allowed to exist on an authority's right-of-way shall be responsible for 17 any cost of relocation, removal, or grade separation and all expenses related 18 thereto. 19 §2231. Contracts; construction; project development; law enforcement 20 A. Contracts of the authority for the construction, improvement, repair, 21 or maintenance of any authority project shall be made and awarded under the 22 same conditions, terms, requirements, and provisions as are provided by law 23 with respect to contracts of the state, parish, or municipality. 24 B. Notwithstanding any law to the contrary, the authority may contract 25 with a private entity to provide services for design, cost estimate, feasibility 26 studies, operations, management, and construction management services, 27 provided that any contract awarded for such services be awarded only after the 28 authority drafts and uses a request for proposal seeking proposals from 29 qualified providers. Page 11 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 C. The authority shall contract with either the state police, a law 2 enforcement district, or municipal law enforcement agency to perform law 3 enforcement and patrol functions on any authority project. 4 §2232. Bonds 5 A. Without reference to any provision of the Constitution of Louisiana 6 and the laws of Louisiana, and as a grant of power in addition to any other 7 general or special law, the authority created pursuant to this Chapter may issue 8 bonds for any corporate purpose and pledge revenues for the payment of the 9 principal and interest of such bonds. The authority is further authorized, in its 10 discretion, to pledge all or any part of any gift, grant, donation, or otherwise 11 any sum of money, aid, or assistance from the United States, the state, or any 12 political subdivision of the state, unless otherwise restricted, all or any part of 13 the proceeds of bonds, credit agreements, instruments, or any other money of 14 the authority, from any source derived, for the further securing of the payment 15 of the principal and interest of the bonds. 16 B. Bonds issued pursuant to the provisions of this Chapter shall not be 17 considered a pledge of the full faith and credit of the state or of any 18 governmental unit of the state. All bonds shall contain a statement on their face 19 substantially to the effect that neither the full faith and credit of the state nor 20 the full faith and credit of any public entity of the state are pledged to the 21 payment of the principal of or the interest on such bonds. The issuance of bonds 22 in accordance with the provisions of this Chapter shall not directly, indirectly, 23 or contingently obligate the state or any governmental unit of the state to levy 24 any taxes or make any appropriation for their payment, other than obligations 25 to make payments by the state or any public entity to the authority arising out 26 of contracts authorized by this Chapter. 27 C. Prior to the issuance of any bonds for a project, a business plan shall 28 be prepared detailing the estimated expenditures for and revenues from the 29 operation of all capital improvements and the time schedule for such Page 12 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 expenditures and receipts. The business plan shall be approved by the authority 2 and considered fiscally sound by the financial advisor employed by the 3 authority. 4 D. Bonds shall be authorized by a resolution of the authority and shall 5 be of such series, bear such date or dates, mature at such time or times, bear 6 interest at such rate or rates, including but not limited to fixed, variable, or zero 7 rates, be payable at such time or times, be in such denominations, be in such 8 form, carry such registration and exchangeability privilege, be payable in such 9 medium of payment and at such place or places, be subject to such terms of 10 redemption prior to maturity at such price or prices as determined by the 11 authority, and be entitled to such priority on the revenues as such resolution or 12 resolutions may provide. 13 E. Bonds shall be sold by the authority at public sale by competitive bid 14 or negotiated private sale and at such price as the authority may determine to 15 be in the best interest of the authority. 16 F.(1) The issuance of bonds shall not be subject to any limitations, 17 requirements, or conditions contained in any other law, and bonds, may be 18 issued without obtaining the consent of the state or any political subdivision, or 19 of any agency, commission, or instrumentality of the state or any political 20 subdivision, except that the issuance shall be subject to the approval of the State 21 Bond Commission. 22 (2) The bonds shall be issued in compliance with the provisions of this 23 Chapter. 24 G.(1) For a period of thirty days after the date of publication of a notice 25 of intent to issue bonds in the official journal of the authority authorizing the 26 issuance of bonds, as provided in this Section, any interested person shall have 27 the right to contest the legality of the resolution and the legality of the bond 28 issue for any cause. After that time, no one shall have any cause or right of 29 action to contest the legality of the resolution or of the bonds or the security of Page 13 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 the bonds for any cause. 2 (2) If no suit, action, or proceeding is initiated contesting the validity of 3 the resolution, the bonds, or the security for the bonds within the thirty days, 4 as provided by this Subsection, the authority to issue and provide for the 5 payment and legality of the bonds and all provisions of the resolution or other 6 proceedings authorizing the issuance of the bonds shall be conclusively 7 presumed, and no court shall have authority to inquire into such matters. 8 (3) Any notice of intent published shall provide, in reasonable detail, the 9 purpose, security, amount, duration, and interest rates for the bond. The 10 authority may designate any paper of general circulation in its geographical 11 jurisdiction to publish the notice of intent or may utilize electronic media 12 available to the general public. 13 (4) Any suit to determine the validity of bonds issued by the commission 14 shall be brought only in accordance with the provisions of R.S. 13:5121 et seq. 15 H. All bonds issued pursuant to this Chapter shall have all the qualities 16 of negotiable instruments under the commercial laws of the state. 17 I. Any pledge of revenues or other monies made by the authority shall 18 be valid and binding from the time the pledge is made. The revenues or monies 19 pledged and subsequently received by the authority shall immediately be 20 subject to the lien of such pledge, without any physical delivery of the pledge or 21 further act, and the lien of any pledge shall be valid and binding against all 22 parties having claims of any kind in tort, contract, or otherwise against the 23 authority, regardless of whether the parties received notice of the claims. 24 J. Neither the members of the authority nor any person executing the 25 bonds shall be liable personally for the bonds or be subject to any personal 26 liability or accountability by reason of the issuance of the bonds. 27 K.(1) Bonds of the authority, their transfer, and the income arising from 28 the bonds shall, at all times, be exempt from all taxation by the state or any 29 political subdivision of the state and may or may not be exempt for federal Page 14 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 income tax purposes. 2 (2) The bonds issued pursuant to this Chapter shall be considered legal 3 and authorized investments for banks, savings banks, trust companies, building 4 and loan associations, insurance companies, fiduciaries, trustees, and guardians 5 and shall be eligible to secure the deposit of any and all public funds of the state 6 and any and all public funds of municipalities, parishes, school districts, or 7 other political corporations or subdivisions of the state. Such bonds shall be 8 lawful and sufficient security for deposits to the extent of their value. 9 L. The authority is authorized to provide for the issuance of refunding 10 bonds, then outstanding and issued, by resolution. The issuance of refunding 11 bonds, the maturities, and other relevant details, the rights and remedies of the 12 bondholders, and the rights, powers, privileges, duties, and obligations of the 13 authority with respect to the same, shall be governed by the provisions of 14 Chapter 26 of this Title. 15 M. The holders of any bonds issued, as provided in this Section, shall 16 have such rights and remedies as may be provided in the resolution or trust 17 agreement authorizing the issuance of the bonds, including but not limited to 18 appointment of a trustee for the bondholders and any other available civil 19 action to compel compliance with the terms and provisions of the bonds and the 20 resolution or trust agreement. 21 N. The authority is authorized to employ all professionals it considers 22 necessary in the issuance of its bonds. 23 O. The authority shall be considered a public entity for purposes of 24 Chapters 13, 13-A, 14, 14-A, 14-B, and 15-A of Title 39 of the Louisiana Revised 25 Statutes of 1950, as amended, which statutes shall apply to bonds of the 26 authority, provided that in the event of a conflict with the provisions of this 27 Chapter, the provisions of Chapter 26 of this Title shall control. 28 §2233. Conveyance of project; maintenance 29 A. When the bonds issued for any project and the interest on any bond Page 15 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 issued have been paid in full, or sufficient funds have been deposited in trust for 2 that purpose, and the project is in a condition which meets department 3 standards for structural condition and geometric design and is in a condition of 4 maintenance satisfactory to the department, such project and any property 5 acquired for the project may be transferred by the authority in full ownership 6 to the state. 7 B. The department shall assume jurisdiction and control of the project 8 as a part of the state highway system, provided that the legislature authorizes 9 an increase in mileage of the state highway system equal to the length of the 10 authority project to be transferred. Any authority project transferred to and 11 accepted by the department shall be operated and maintained by the 12 department as an integral part of the state highway system and the department, 13 at the discretion of the secretary, may continue to collect any toll or fee for the 14 purpose of maintenance of the project. 15 §2234. Public-private partnership projects 16 A. Any proposal to develop or operate a transportation facility as a 17 public private partnership project pursuant to this Chapter shall be approved 18 by the authority and the department. Prior to the authority approving a 19 proposal to develop or operate a transportation facility as a public-private 20 partnership, the authority shall submit the proposal to the House and Senate 21 committees on transportation, highways and public works. The chairman of 22 each committee shall call a public hearing within thirty days of receiving the 23 proposal from the authority for the purpose of receiving information and public 24 comments on the proposal. Transportation facility proposals may be initiated 25 by a private entity, the authority, or the department. 26 B. A private entity may submit an unsolicited proposal to the authority 27 to develop or operate a qualifying transportation facility; however, the private 28 entity shall apply to the authority for approval. The authority shall advertise 29 any unsolicited proposal submitted by a private entity for the purposes of Page 16 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 receiving competitive proposals for the same proposed qualifying transportation 2 facility. Competitors shall have ninety days from the date of advertisement to 3 submit competitive proposals to the authority. The authority shall charge a 4 reasonable fee to cover its costs to process, review, and evaluate an unsolicited 5 proposal submitted by a private entity. An unsolicited proposal for a qualifying 6 transportation facility submitted by a private entity shall include all the 7 following: 8 (1) A topographic map with a scale of 1:2,000, or other appropriate 9 scale, that delineates the location of the proposed transportation facility. 10 (2) A detailed description of the proposed qualifying transportation 11 facility, including a conceptual design of the facility and all proposed 12 interconnections with existing or planned transportation facilities. 13 (3) The proposed date for acquisition, construction, or improvement of 14 the proposed transportation facility. 15 (4) A statement setting forth the private entity's planned method of 16 acquisition of all property interests required for the proposed qualifying 17 transportation facility, including the nature of the property interests to be 18 acquired and a description of any property the private entity expects to request 19 the authority to acquire. 20 (5) The transportation plan of each affected local jurisdiction, including 21 a statement of the status of the proposed qualifying transportation facility. 22 (6) A preliminary list of local, state, or federal agency permits or 23 approvals expected to be required in order to develop or operate the proposed 24 qualifying transportation facility and a projected schedule for obtaining such 25 permits or approvals. 26 (7) A preliminary list of public utility facilities expected to be crossed or 27 relocated by the proposed qualifying transportation facility and a statement of 28 the plans of the private entity to accommodate or relocate such crossings. 29 (8) A statement detailing the private entity's plan to finance, develop, Page 17 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 and operate the proposed qualifying transportation facility, including 2 identification of dedicated revenue sources and proposed debt or equity 3 investments by the private entity or applicable public entities. 4 (9) The names and addresses of the persons who may be contacted for 5 further information concerning the request. 6 (10) Any additional material and information reasonably requested by 7 the authority. 8 C. In the case of solicited proposals, the authority is authorized to 9 request proposals from private entities to develop or operate a transportation 10 facility. The authority may charge a reasonable fee to cover its costs to process, 11 review, and evaluate solicited proposals received in response to such requests. 12 D.(1) The authority may approve the proposal of a private entity to 13 develop or operate a qualifying transportation facility after consultation with 14 the department and a determination is made that the proposal serves a public 15 purpose. The authority shall consider the following factors to determine if a 16 private entity proposal serves a public purpose: 17 (a) There is a public need for a transportation facility or facilities of the 18 type the private entity proposes to develop or operate as a transportation 19 facility. 20 (b) The transportation facility or facilities and the proposed 21 interconnections with existing transportation facilities and the private entity's 22 plans for operation of the qualifying transportation facility or facilities are 23 reasonable and not incompatible with the state transportation plan and with the 24 local governmental entity's comprehensive plan or plans. 25 (c) The estimated cost of the transportation facility or facilities is 26 reasonable in relation to other similar facilities. 27 (d) The private entity's proposal will result in the timely development 28 or more efficient operation of the transportation facility. 29 (2) In evaluating any request, the authority may rely upon internal staff Page 18 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL 1 reports prepared by personnel familiar with the operation of similar facilities 2 or the advice of outside advisors or consultants having relevant experience. 3 E.(1) Approval by the authority shall be subject to the private entity's 4 entering into a comprehensive agreement with the authority. 5 (2) The authority shall establish a date to commence the acquisition of 6 property for the construction of a new transportation facility or a date to 7 commence construction of improvements to an established transportation 8 facility. The authority, in its discretion, may grant extensions of these dates. 9 F. The authority shall take appropriate action to protect trade secrets 10 and other confidential, privileged, and proprietary information received from 11 a private entity, including but not limited to information exempt from 12 disclosure under the federal Freedom of Information Act or the Public Records 13 Law. The authority may enter into confidentiality agreements in connection 14 with any private entity proposal, comprehensive agreement, service contract, 15 lease, or agreement for a qualifying transportation facility. 16 G. The authority shall further operate in accordance with the provisions 17 of R.S. 48:2084.1 through 2084.15 and any other applicable provision of law 18 relative to public-private partnership projects. The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Archana D. Cadge. DIGEST SB 50 Original 2023 Regular Session Abraham Proposed law establishes the "Calcasieu Parish Tolling Authority Act". Proposed law specifies that any provision not contained or addressed in the Calcasieu Parish Tolling Authority Act will be governed by the La. Transportation Development Act. Proposed law authorizes the Calcasieu Parish Tolling Authority to contract with private entities for the development or operation of a tollway equipped with tolls. Proposed law provides for definitions relative to the Calcasieu Parish Tolling Authority Act. Proposed law establishes the composition of the board as nine individuals, two of which must be minority; and provides for the creation of the board of directors for the Tolling Authority and how the board shall operate, elect members, and term limits. Proposed law further provides the authority the power to promulgate rules and regulations for the maintenance and operation of the authority. Page 19 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 50 SLS 23RS-180 ORIGINAL Proposed law specifies that the boundary and jurisdiction of the authority is coextensive with the boundaries of Calcasieu Parish. Proposed law provides relative to the tolling authority's operations and abilities to contract; and the powers and duties or the authority relative to carrying out its purpose. Proposed law further provides the authority has powers granted by virtue of it being a nonprofit corporation and may exercise powers necessary, appurtenant, convenient, or incidental to the carrying out of its purposes. Proposed law provides the authority may only construct new addition highway tolls or transit toll facilities with the prior express written consent of the affected governing bodies within the geographic boundaries of the authority after public hearing. Proposed law provides that any proposal to develop or operate a transportation facility as a public-private partnership project pursuant to proposed law must be approved by the authority and the department and prior to the authority approving a proposal to develop or operate a transportation facility as a public-private partnership, the authority must submit the proposal to the House and Senate committees on transportation, highways and public works for hearing and public comment. Proposed law requires the authority to operate in accordance with the provisions of law relative to public-private partnership projects. Effective August 1, 2023. (Adds R.S. 48:2221- 2234) Page 20 of 20 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions.