Establishes the Louisiana State Infrastructure Bank to finance infrastructure projects.
Louisiana HB1157 creates the Louisiana State Infrastructure Bank within the office of the governor to finance infrastructure projects. The bank will provide loans and other financial assistance to qualified borrowers, including political subdivisions and private entities. The bill creates a special fund, the Louisiana State Infrastructure Fund, with accounts for highway, transit, rail, and state-funded projects. The bank will be governed by a board of directors, which will establish rules and regulations.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.