Establishes the Louisiana State Infrastructure Bank to fund infrastructure projects within the state.
Louisiana HB901 establishes the Louisiana State Infrastructure Bank within the Division of Administration to fund infrastructure projects. The bank will provide loans and other financial assistance to qualified borrowers for eligible infrastructure projects. The bill creates the Louisiana State Infrastructure Fund to manage the bank's finances. The bank is governed by a board of directors, which includes representatives from various state agencies. The fund will be capitalized with federal funds, legislative appropriations, grants, and other sources.
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