Struck = removed from the bill ·
added = the amendment's new text.
HLSHFAHB488 26RS-7582549 ENGROSSED4701 FOR OFFICE USE ONLY HOUSE FLOOR AMENDMENTS Regular Session HOUSEAmendments BILLproposed NO.by Representative Braud to Engrossed House Bill No.
488 BYby REPRESENTATIVERepresentative BRAUDBraud TAX/SEVERANCEAMENDMENT TAX:NO.
Establishes1 theOn Bellepage Chasse1, Bridgeline Merit-Based5, Specialafter Fund"Fund;" and providesbefore "to provide for usean" insert "to provide for dedication of thecertain moniesseverance intax collections to the fundBelle ANChasse ACTBridge ToMerit-Based amendSpecial andFund;" reenactPage R.S.1 of 1 CODING:
47:645(B)(2) and to enact R.S.
48:250.4.4, relative to special treasury funds;
to establish the Belle Chasse Bridge Merit-Based Special Fund;
to provide for the transfer, deposit, and use, of monies in the Belle Chasse Bridge Merit-BasedSpecialFund;toprovideforaneffectivedate;andtoprovideforrelated matters.
Be it enacted by the Legislature of Louisiana:
Section 1.
R.S.
47:645(B)(2) is hereby amended and reenacted to read as follows:
§645.
Disposition of collections * * * B.
* * * (2) Theallocatedamountsshallnotexceedthelimits setforthinArticleVII, Section 4 of the Constitution of Louisiana.
When these limits have been reached, there shall be no further allocation, and all additional collections for the year shall be credited in full to the state treasury except as provided in R.S.
30:88.1 and R.S.
48:250.4.4.
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HLS 26RS-758 ENGROSSED HB NO.
488 Section 2.
R.S.
48:250.4.4 is hereby enacted to read as follows:
§250.4.4.
Belle Chasse Bridge Merit-Based Special Fund A.
There is hereby established in the state treasury, as a special fund, the BelleChasseBridgeMerit-BasedSpecialFund,hereinafterreferredtoasthe"fund".
B.
After allocation of money to the Bond Security and Redemption Fund as provided in Article VII, Section 9(B) of the Constitution of Louisiana and anyother revenues pursuant to the Constitution of Louisiana and the Louisiana Revised Statutes of 1950, the treasurer shall deposit into the fund one-fifth of the portion of recurring severance tax revenues collected in Plaquemines Parish that would otherwise be deposited into the state general fund.
C.
The monies in the fund shall be investedin thesamemanner as monies in the state general fund.
Interest earned on the investment of monies in the fund shall be credited to the fund.
Unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund.
D.
Monies in the fund shall be appropriated to the Department of Transportation and Development and shall be used exclusively as follows:
(1) ToreducetollratesontheBelleChasseBridgepublic-privatepartnership project.
(2) To payamounts owed to the developer for exercising the Department of TransportationandDevelopment'searlyhandbackoptionintheBelleChasseBridge public-private partnership contract.
(3) To pay any annual consumer price index (CPI) buy-down payment amount in the Belle Chasse Bridge public-private partnership contract.
(4) For Department of Transportation and Development projects or improvementswithinanyareaidentifiedpursuanttotheBelleChasseBridgepublic- private partnership contract for anyalternative facility.
Section3.ThisActshallbecomeeffectiveonJuly1,2026;ifvetoedbythegovernor and subsequently approved by the legislature, this Act shall become effective on July 1, 2026, or on the day following such approval by the legislature, whichever is later.
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HLS 26RS-758 ENGROSSED HB NO.
488 DIGEST ThedigestprintedbelowwaspreparedbyHouseLegislative Services.
It constitutes nopart of the legislative instrument.
The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent.
[R.S.
1:13(B) and 24:177(E)] HB 488 Engrossed 2026 Regular Session Braud Abstract:
Establishes the Belle Chasse Bridge Merit-Based Special Fund and requires monies in the fund to beusedfortheBelleChasseBridgepublic-privatepartnership (P3) project.
Proposed law establishes the Belle Chasse Bridge Merit-Based Special fund (fund) as a special fund in the state treasury.
Provides for investment, interest, and retention of monies in the fund.
Requires the state treasurer to annually deposit into the fund an amount equal to one-fifth of the recurring severance tax revenues collected in Plaquemines Parish that otherwise would have been deposited into the state general fund.
Provides that monies in the fund be used for the following purposes:
(1) To reduce toll rates on the Belle Chasse Bridge P3 project.
(2) TopayamountsowedtothedeveloperforexercisingtheDept.ofTransportationand Development's (DOTD) early handback option in the Belle Chasse Bridge P3 contract.
(3) To pay any annual consumer price index buy-down payment amount in the Belle Chasse Bridge P3 contract.
(4) ForDOTDprojectsorimprovementswithinanyareaidentifiedpursuanttotheBelle Chasse Bridge P3 contract for anyalternative facility.
Effective July 1, 2026.
(Amends R.S.
47:645(B)(2);
Adds R.S.
48:250.4.4) Summary of Amendments Adopted by House The Committee Amendments Proposed by House Committee on Appropriations to the original bill:
1.
Restrict deposit into the fund to one-fifth of recurring severance tax revenues collected in Plaquemines Parish that otherwise would have been deposited into the state general fund.
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