Louisiana Senate Bill SB22

Louisiana 2019 Regular Session

• Introduced: 3/8/19
• Refer: 3/8/19
• Refer: 4/8/19
• Report Pass: 4/30/19
• Engrossed: 5/6/19
• Refer: 5/7/19
• Report Pass: 5/20/19
• Enrolled: 6/1/19
• Chaptered: 6/11/19
• Passed: 6/11/19

Caption

Dedicates funds from certain litigation filed by the state to recover damages. (gov sig) (EN SEE FISC NOTE SD EX See Note)

Impact

The implementation of SB22 is significant for Louisiana's infrastructure financing, as it creates a dedicated source of funding for major construction projects. By designating specific litigation funds for bridge development, the bill seeks to streamline financial resources directly into the construction efforts, thus potentially expediting project timelines. This dedicated funding approach could mitigate existing challenges posed by budget constraints often encountered in infrastructure development.

Summary

Senate Bill 22 (SB22) establishes the Calcasieu River Bridge Fund in the state treasury. The fund is to be bolstered by proceeds from litigation settlements or judgments concerning subsurface contamination near the Interstate 10 Calcasieu River Bridge. Specifically focusing on funds recovered from damages stemming from incidents occurring before August 1, 2019, the bill ensures that these funds are dedicated solely to the planning and construction of a new bridge, thereby addressing crucial infrastructure needs in the Lake Charles area.

Sentiment

The sentiment around SB22 appears to be largely supportive within the legislature, as evidenced by its unanimous passage through the Senate with a vote of 37-0. Legislators recognized the importance of securing dedicated funds for infrastructure improvements, showcasing a commitment to addressing long-term structural issues while enhancing safety and usability for commuters in the region. This demonstrates a collaborative effort towards improving public infrastructure, although the specific source of the funds may raise discussions about accountability in municipal governance.

Contention

Although SB22 has garnered broad support, there may be underlying concerns regarding the sustainability of funding sources, particularly those arising from litigation. Questions remain about the variability and reliability of such funding streams, as they depend on past litigation outcomes rather than ongoing revenue generation. Ensuring that this funding mechanism does not undermine other critical priorities within the state's budget may also spark debates as the focus shifts to balancing infrastructure needs with broader fiscal responsibilities.