Establishes the Louisiana State Infrastructure Bank to fund infrastructure projects through loans and other financial assistance.
The bill creates the Louisiana State Infrastructure Bank within the office of the governor. The bank aims to finance infrastructure projects by providing loans and other financial assistance to qualified borrowers. The board of directors, composed of various state officials, governs the bank. The bank can issue bonds, collect fees, and accept funds from various sources, including federal funds. It can provide loans with interest rates at or below market rates.
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