Urges and requests the Department of Transportation and Development to obtain input and approval from the legislative delegation representing a parish that is on the priority list for funding or is subject to receive transportation funding prior to the allocation or reallocation of funds for any transportation infrastructure projects in that area
Provides for a study of the feasibility of establishing a Catastrophe Reinsurance Program which includes the issuance of catastrophe bonds to provide an alternative method for insurance companies to secure reinsurance to cover property damage and casualty losses