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Current as of January 01, 2023 | Updated by Findlaw Staff
A. The avails of the taxes imposed by Chapters 2, 2-A, and 2-B of Subtitle II of Title 47 [FN1] of the Louisiana Revised Statutes of 1950 from the sale, use, or lease of motor vehicles that are taxable pursuant to Chapters 2, 2-A, and 2-B of Subtitle II of Title 47 of the Louisiana Revised Statutes of 1950, after satisfying the requirements of Article VII, Section 9(B) of the Constitution of Louisiana relative to the Bond Security and Redemption Fund, shall be deposited into the Construction Subfund of the Transportation Trust Fund provided for in Article VII, Section 27(B)(2) of the Constitution of Louisiana, referred to in this Section as the “subfund”, and the Megaprojects Leverage Fund as provided in R.S. 48:77.1, as follows:
(1) For Fiscal Year 2024-2025, sixty percent of the avails shall be deposited into the subfund and the Megaprojects Leverage Fund as provided in R.S. 48:77.1(A).
(2) For Fiscal Year 2025-2026 and Fiscal Year 2026-2027, an amount not to exceed forty million dollars shall be deposited into the Megaprojects Leverage Fund for the I-10 Calcasieu River Bridge and I-10 Improvements Account as provided in R.S. 48:77.1(A)(1)(a) and (b).
(3) For Fiscal Year 2027-2028 and each fiscal year thereafter, sixty percent of the avails shall be deposited into the subfund and the Megaprojects Leverage Fund as provided in R.S. 48:77.1(A).
B. Repealed by Acts 2022, No. 505, § 3, eff. June 16, 2022.
C. The Department of Transportation and Development shall utilize up to seventy-five percent of the monies deposited into the subfund or the Megaprojects Leverage Fund pursuant to Subsection A of this Section as follows:
(1) For deposit into the Megaprojects Leverage Fund as provided in R.S. 48:77.1, in conjunction with innovative financing opportunities and on highway priority program projects classified as mega projects pursuant to the Department of Transportation and Development's definition of mega projects. The following mega projects shall be prioritized by the secretary of the Department of Transportation and Development and constructed in accordance with each project's completed and federally mandated environmental process and requirements.
(a) Replacement of the I-10 Calcasieu River bridge and I-10 improvements from the I-210 interchange west of the river to the I-210 interchange east of the river.
(b) Upgrades to US 90 to interstate standards from the I-10 and I-49 interchange from Lafayette to New Orleans.
(c) A new Mississippi River Bridge at Baton Rouge with freeway-level connections from I-10 west of Baton Rouge to I-10 east of Baton Rouge.
(d) Upgrades to I-49 North where I-49 is not yet upgraded.
(2) For cash managed capacity projects included in the highway priority program pursuant to the Department of Transportation and Development's definition of capacity projects, including but not limited to the following:
(a) Widening of I-12 to six lanes and associated improvements where I-12 is not yet upgraded from Baton Rouge to the Mississippi state line.
(b) Widening of Vancil Road from I-20 to Highway 80, Wallace Dean Road from I-20 to Arkansas Road, and East Kentucky Avenue in Ruston from Highway 167 to Highway 33; the replacement of aged timber bridges, completion of Highway 33 to Highway 80; adding paved shoulders and passing lanes from Farmerville to Oak Grove on Highway 2, and LA 15 at the Ouachita Parish Line to LA 33; realign LA 15 from US 80 to Arkansas Road; adding a sixth lane on Highway 165 beginning on Highway 15 to Highway 2.
(c) Widening of LA 28 East to four lanes from Libuse to Hollway.
(d) Widening of LA 173 to four lanes from Dr. Martin Luther King, Jr. Drive to Dougherty Avenue in Blanchard, Louisiana.
(e) The addition of auxiliary lanes and noise mitigation on I-10 from the High Rise Bridge to the intersection of I-10 and Bullard Avenue in Orleans Parish.
(f) Widening of I-10 to eight lanes from Williams Blvd. to Veterans Blvd.
(g) Widening of I-10 to three lanes from LA 30 to LA 22.
D. The Department of Transportation and Development shall utilize monies deposited into the subfund pursuant to Subsection A of this Section as necessary to match federal funds made available to this state through transportation-related programs or grants. Subject to the foregoing requirement, the Department of Transportation and Development shall utilize an amount not less than twenty-five percent on highway and bridge preservation projects included in the highway priority program pursuant to the Department of Transportation and Development's definition of highway and bridge preservation projects.
E. Repealed by Acts 2022, No. 505, § 3, eff. June 16, 2022.
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 48, § 77. Transportation Trust Fund; dedication and uses of certain monies to the Construction Subfund and the Megaprojects Leverage Fund - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-48-sect-77/
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