GREEN SHEET REDIGEST
HB 2 2024 Regular Session Emerson
CAPITAL OUTLAY: Provides for the comprehensive Capital Outlay budget.
DIGEST
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 $154,033,464
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 $233,680,000
Re-appropriated Cash $17,671,925
Interest Earnings $ 5,000,000
State General Fund (Direct) Non-Recurring
Revenues $204,084,000
Capital Outlay Savings Fund $116,970,200
TOTAL CASH PORTION $3,105,191,729
Authorizes the funding of certain capital outlay projects from the sale of general obligation
bonds for the projects delineated as follows:
Priority 1 $1,764,993,085
Priority 5 $6,373,703,772
TOTAL GENERAL OBLIGATION BONDS $8,138,696,857
BONDS NRP $12,957,432
GRAND TOTAL OF ALL MEANS OF FINANCING $11,256,846,018
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:
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Prepared by Bobbie Hunter. 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)
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Revenue and Fiscal
Affairs to the re-reengrossed bill
1. Change the General Obligation Bond funding as follows:
Priority 1 $ 105,546,348
Priority 5 $ 520,339,089
Committee Amendments Proposed by Senate Committee on Finance to the re-
reengrossed bill
1. Changes the Cash Portion as follows:
Transportation Trust Fund (TTF) - Regular $ 8,000,000
Fees and Self-Generated Revenues $ 75,600,000
Re-Appropriated Cash $ 1,350,000
State General Fund (Direct) $ (62,800,000)
State General Fund (Direct) Non-Recurring
Revenues $ 2,120,000
Capital Outlay Savings Fund $ 96,532,200
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Prepared by Bobbie Hunter.