LA HB1157

Creates the Louisiana State Infrastructure Bank within the governor's office as a revolving loan program to finance public transportation infrastructure projects, with a six-member board of directors including representatives from rural development, the legislature, DOTD, and Louisiana Economic Development

Establishes the Louisiana State Infrastructure Fund in the state treasury with four separate accounts: Highway Account, Transit Account, Rail Account, and State-Funded Account, each funded by legislative appropriations, federal funds, loan repayments, and investment earnings

Authorizes the bank to provide loans and financial assistance to political subdivisions and private entities participating in public-private partnerships for eligible infrastructure projects, with loan terms not exceeding 30 years

Requires State Bond Commission approval before the bank can issue bonds, provide state credit guarantees, or take any action creating state debt; also requires annual independent financial audits and reports to the governor and legislature by September 1st

Prohibits the bank from providing grants (except where required by federal law), accepting public deposits, or offering commercial banking services that would compete with private financial institutions