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 Original 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)