Louisiana 2024 2024 Regular Session

Louisiana Senate Bill SB446 Comm Sub / Analysis

                    The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Archana Cadge.
DIGEST
SB 446 Original	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.
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)