Louisiana HB3 establishes the Omnibus Bond Authorization Act of 2026, repealing prior bond authorizations and enacting new ones for capital.
Louisiana HB3, the Omnibus Bond Authorization Act of 2026, repeals all prior general obligation bond authorizations except for refunding bonds and Act 41 of the 2006 First Extraordinary Session. It authorizes the State Bond Commission to issue new general obligation bonds for capital improvement projects. The bill mandates that project bonds are not issued until reimbursement contracts are in place, ensuring designated student fees or revenues cover bond costs. The State Bond Commission can enter into contracts for credit enhancement and liquidity devices to improve bond marketability.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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