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2024 Regular Session
SENATE BILL NO. 446
BY SENATOR ABRAHAM
TRANSPORTATION/DEV DEPT. Provides relative to I-10 Calcasieu River Bridge. (gov
sig)
1 AN ACT
2 To enact R.S. 48:250.4.2, relative to the Department of Transportation and Development and
3 the I-10 Calcasieu River Bridge public private partnership; to provide for the
4 department's use of toll revenue and credits generated in connection with the I-10
5 Calcasieu River Bridge project; and to provide for related matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 48:250.4.2 is hereby enacted to read as follows:
8 ยง250.4.2. Use of toll revenue and credits; I-10 Calcasieu River Bridge public
9 private partnership
10 A. The Department of Transportation and Development shall use any
11 revenue or credits generated in connection with the I-10 Calcasieu River Bridge
12 public private partnership, including windfall proceeds payments, distributions
13 of toll revenue, and toll credits only as follows:
14 (1) To reduce toll rates on the I-10 Calcasieu River Bridge, including the
15 reduction or elimination of any scheduled toll rate increase.
16 (2) To shorten the term of the I-10 Calcasieu River Bridge public private
17 partnership.
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 446
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1 (3) To construct other eligible capital improvement projects within Allen
2 Parish, Beauregard Parish, Calcasieu Parish, Cameron Parish, or Jefferson
3 Davis Parish.
4 B. Any use of funds or credits generated in connection with the I-10
5 Calcasieu River Bridge public private partnership shall conform to the
6 provisions of the comprehensive agreement governing the partnership and all
7 applicable laws.
8 C. Prior to using any revenue or credits generated in connection with the
9 I-10 Calcasieu River Bridge public private partnership, the secretary shall
10 provide notice of the intended use and consult with the legislative delegations
11 from Allen Parish, Beauregard Parish, Calcasieu Parish, Cameron Parish, and
12 Jefferson Davis Parish, before seeking approval for the use of funds from the
13 Joint Legislative Committee on Transportation, Highways, and Public Works.
14 Section 2. This Act shall become effective upon signature by the governor or, if not
15 signed by the governor, upon expiration of the time for bills to become law without signature
16 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
17 vetoed by the governor and subsequently approved by the legislature, this Act shall become
18 effective on the day following such approval.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Archana Cadge.
DIGEST
SB 446 Engrossed 2024 Regular Session Abraham
Proposed law provides restrictions on how the department can use revenue or credits
generated in connection with the I-10 Calcasieu River Bridge P3 project.
Proposed law provides restrictions on the use of windfall proceed payments, distributions
of toll revenue, and toll credits.
Proposed law provides any use of funds or credits generated in connection with the I-10
Calcasieu River Bridge P3 project will conform to the provisions of the comprehensive
agreement governing the partnership.
Proposed law provides the secretary must give notice of the intended use of revenue or
credits generated in connection with the I-10 Calcasieu River Bridge P3 project to the
legislative delegations from Allen Parish, Beauregard Parish, Calcasieu Parish, Cameron
Parish, and Jefferson Davis Parish.
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 446
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Proposed law requires the department to receive approval for use of revenue or credits
generated in connection with the I-10 Calcasieu River Bridge P3 project from the Joint
Legislative Committee on Transportation, Highways, and Public Works.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Adds R.S. 48:250.4.2)
Page 3 of 3
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.