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LA HB488
Bill
Status
2/26/2026
Primary Sponsor
Jacob Braud
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AI Summary
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Creates the Belle Chasse Bridge Merit-Based Special Fund in the state treasury, funded by one-fifth of severance tax revenues from Plaquemines Parish that would otherwise go to the state general fund
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Fund monies must be appropriated to the Department of Transportation and Development exclusively for the Belle Chasse Bridge public-private partnership (P3) project
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Permitted uses include reducing toll rates on the bridge, paying the developer for early handback options, covering annual consumer price index (CPI) buy-down payments, and funding DOTD projects for alternative facilities identified in the P3 contract
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Interest earned on fund investments shall be credited to the fund, and unexpended monies remain in the fund at fiscal year end
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Effective July 1, 2026
Legislative Description
Establishes the Belle Chasse Bridge Merit-Based Special Fund and provides for use of the monies in the fund (OR -$11,476,249 GF RV See Note)
TAX/SEVERANCE TAX
Last Action
Read by title, under the rules, referred to the Committee on Appropriations.
3/9/2026