2023 Regular Session ENROLLED
SENATE BILL NO. 77
BY SENATOR REESE
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
1 AN ACT
2 To amend and reenact the introductory paragraph of R.S. 39:112(E)(2) and 122(A)(1),
3 relative to the capital outlay process; to provide relative to matching fund
4 requirements for non-state entity projects; to provide relative to the obligation of
5 funds for ongoing projects in the capital outlay act; and to provide for related
6 matters.
7 Be it enacted by the Legislature of Louisiana:
8 Section 1. The introductory paragraph of R.S. 39:112(E)(2) and 122(A)(1) are hereby
9 amended and reenacted to read as follows:
10 §112. Capital outlay act
11 * * *
12 E.(1) * * *
13 (2) Non-state entity projects shall require a match of not less than twenty-five
14 percent of the total requested amount of funding project cost except:
15 * * *
16 §122. Commencement of work; delays in construction; public statement; allocated
17 funds
18 A.(1) No work shall commence and no contract shall be entered into for any
19 project contained in the capital outlay act unless and until funds are available from
20 the cash sources indicated in the act or from the sale of bonds or from a line of credit
21 approved by the State Bond Commission, except for funds that are received as
ACT No. 388
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 77 ENROLLED
1 supplemental funds for ongoing projects for which contracts have been issued
2 and contracts for Department of Transportation and Development projects which are
3 subject to the provisions of R.S. 48:251(D).
4 * * *
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.