DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 2 Re-Reengrossed 2024 Regular Session Emerson
Provides for the capital outlay budget and program for FY 2024-2025; provides for the funding of
the capital outlays from the specified sources of monies in the specified amounts as follows:
Federal Funds $571,635,539
Federal Funds via Interagency Transfer $47,640,000
Coastal Protection and Restoration Fund $96,781,486
Transportation Trust Fund (TTF) – Regular $146,033,464
Transportation Trust Fund (TTF) – Federal $1,325,000,000
Transportation Trust Fund (TTF) – Construction
Subfund $187,100,000
Construction Subfund Preservation $50,000,000
State Highway Improvement Fund $31,900,000
Interagency Transfers $63,695,115
Fees and Self-Generated Revenues $158,080,000
Re-appropriated Cash $16,321,925
Interest Earnings $ 5,000,000
State General Fund (Direct) $62,800,000
State General Fund (Direct) Non-Recurring
Revenues $201,964,000
Capital Outlay Savings Fund $21,438,000
TOTAL CASH PORTION $2,985,389,529
Authorizes the funding of certain capital outlay projects from the sale of general obligation bonds
for the projects delineated as follows:
Priority 1 $1,659,446,737
Priority 5 $5,853,364,683
TOTAL GENERAL OBLIGATION BONDS $7,512,811,420
BONDS NRP $12,957,432
GRAND TOTAL OF ALL MEANS OF FINANCING $10,511,158,381
Effective upon signature of the governor or lapse of time for gubernatorial action. Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Ways and Means to the
original bill:
1. Change General Obligation Bond funding as follows:
Priority 1 $ 27,478,000
Priority 5 $ 98,363,386 The Committee Amendments Proposed by House Committee on Appropriations to the
engrossed bill:
1. Change the cash portion as follows:
State General Fund (Direct) Non-Recurring Revenues $ (9,536,000)
Capital Outlay Savings Fund $ 10,425,000
Re-appropriated Cash $ 1,600,000
Fees and Self-Generated Revenues $ 7,750,000
Interagency Transfers $ 2,000,000
Federal Funds $ 25,494,000
Federal Funds via Interagency Transfer $ 1,350,000
The House Floor Amendments to the reengrossed bill:
1. Change General Obligation Bond funding as follows:
Priority 1 $ (11,288,000)
Priority 5 $ 20,385,000
2. Change the cash portion as follows:
Capital Outlay Savings Fund $ 11,013,000
Re-appropriated Cash $ 2,195,000
Fees and Self-Generated Revenues $ 3,250,000
Federal Funds $ (3,250,000)