HLS 24RS-163 ENGROSSED
2024 Regular Session
HOUSE BILL NO. 381
BY REPRESENTATIVE BRAUD
TRANSPORTATION DEPT: Provides relative to Department of Transportation and
Development spending
1 AN ACT
2To enact R.S. 48:250.4.2, relative to Department of Transportation and Development
3 spending; to provide for spending of windfall proceeds from toll collections on
4 public-private partnership projects; and to provide for related matters.
5Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 48:250.4.2 is hereby enacted to read as follows:
7 ยง250.4.2. Windfall proceeds from public-private partnership tolls
8 When windfall proceeds are received by the department from the collection
9 of tolls on public-private partnership projects they may be utilized in the following
10 ways:
11 (1) To reduce toll rates on the project.
12 (2) To pay amounts owed to the developer for exercising the department's
13 early handback option.
14 (3) To pay any annual consumer price index (CPI) buy-down payment
15 amount.
16 (4) For department projects or improvements within any area identified per
17 the public-private partnership contract for any alternative facility.
18 (5) For any ways identified in contract amendments made and agreed to by
19 the parties to the public-private partnership contract.
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 24RS-163 ENGROSSED
HB NO. 381
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 381 Engrossed 2024 Regular Session Braud
Abstract: Provides for spending of windfall proceeds from toll collections on public-
private partnership projects.
Proposed law allows for windfall proceeds to be spent by the department to do the following:
(1)Reduce toll rates on the project.
(2)To pay amounts owed to the developer for exercising the department's early
handback option.
(3)To pay any annual consumer price index (CPI) buy-down payment amounts.
(4)For department projects or improvements within any area identified in the contract
for any alternative facility.
(5)For any ways identified in contract amendments to which both parties to the public-
private partnership contract agree.
(Adds R.S. 48:250.4.2)
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.