Louisiana 2024 2024 Regular Session

Louisiana House Bill HB381 Comm Sub / Analysis

                    SSHB381 4563 4160
HOUSE SUMMARY OF SENATE AMENDMENTS
HB 381	2024 Regular Session	Braud
TRANSPORTATION DEPT:  Provides relative to Department of Transportation and
Development spending
Synopsis of Senate Amendments
1.Makes the provisions specifically applicable to the Belle Chasse Bridge project.
2.Mandates that the department use any revenue or credits generated in
connection with the project in the specific ways enumerated in proposed law.
3.Removes from the enumerated list that any revenue or credits generated by the
project may be used in ways identified by the contract amendments.
4.Specifies that any use of funds or credits must conform to provisions of the
agreement and applicable laws.
5.Requires the department to notify the Plaquemines Parish legislative delegations
and receive approval from the Joint Legislative Committee on Transportation,
Highways and Public Works prior to using revenue or credits generated in
connection with the Belle Chasse Bridge project.
6.Adds an upon signature of the governor effective date.
7.Makes technical changes.
Digest of Bill as Finally Passed by Senate
Proposed law requires revenue or credits generated in connection with the Belle Chasse
public-private partnership be spent by the department to do the following:
(1)Reduce toll rates on the project.
(2)Pay amounts owed to the developer for exercising the department's early handback
option.
(3)Pay any annual consumer price index buy-down payment amounts.
(4)For department projects or improvements within any area identified in the contract
for any alternative facility.
Proposed law requires that any use of funds or credits generated in connection with the Belle
Chasse public-private partnership conform to provisions of the agreement and to all
applicable laws.
Proposed law requires the department to notify the Plaquemines Parish legislative
delegations and receive approval from the Joint Legislative Committee on Transportation,
Highways and Public Works prior to using revenue or credits generated in connection with
the Belle Chasse public-private partnership project.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Adds R.S. 48:250.4.2)
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