LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: HB 971 HLS 24RS 3451
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.: HB 685
Date: June 7, 2024 2:43 PM Author: WRIGHT
Dept./Agy.: Executive Office
Subject: Louisiana Ports and Waterways Investment Commission Analyst: Kimberly Fruge
PORTS/HARBORS/TERMINALS EN SEE FISC NOTE GF EX Page 1 of 1
Creates the Louisiana Ports and Waterways Investment Commission
Proposed law creates the Louisiana Ports and Waterways Investment Commission within the governor’s office; provides for
the board of directors; provides for the powers and duties of the Commission; provides for the development of the strategic
plan and investment program; provides that the strategic plan and investment program receive an appropriation upon the
agreement of the governor and the legislature.
Proposed law repeals RS 34:3491 through RS 34:3506, RS 34:5210 through RS 34:5215, RS 51:2701, and Act 459 of the
2023 RS, which provides for the Louisiana International Deep Water Gulf Transfer Terminal Authority, the Southeast
Louisiana Port Authority Advisory Commission, the Port Development Advisory Commission, and the Office of Port
Development.
EXPENDITURES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. SEE BELOW SEE BELOW SEE BELOW SEE BELOW SEE BELOW
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total
REVENUES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
EXPENDITURE EXPLANATION
Proposed law may result in increased expenditures, assumed to be SGF, for the Louisiana Ports and Waterways Investment
Commission. Proposed law provides that the strategic plan and investment program shall receive an appropriation upon the
agreement of the governor and the legislature. The fiscal impact of a prospective appropriation is unknown at this time.
Proposed law allows the commission to employ personnel as necessary and requires the board of directors to develop a
strategic plan and investment program for the economic development of the Louisiana Ports and Waterways Investment
Commission. The Office of the Governor does not anticipate any increased expenditures as a result of this measure. To the
extent the workload is greater than currently anticipated to facilitate the Commission or the strategic plan and investment
program, costs may increase accordingly.
Proposed law may also result in an indeterminable, but minimal, increase in expenditures associated with meal, mileage, and
lodging expenses to attend public hearings provided for in proposed law. The board consists of five state officials, amongst
others. To the extent the state board members incur travel expenses to attend meetings, the members may request
reimbursement pursuant to state travel regulations. The bill indicates that there shall be a minimum of three meetings in
separate locations at three ports in different regions of the state. The Office of the Governor, Department of Transportation
and Development, and Department of Economic Development indicate this expense would be negligible and absorbable
within their operating budget.
REVENUE EXPLANATION
There is no anticipated direct material effect on governmental revenues as a result of this measure.
Senate Dual Referral Rules House
13.5.1 >= $100,000 Annual Fiscal Cost {S & H} 6.8(F)(1) >= $100,000 SGF Fiscal Cost {H & S}
13.5.2 >= $500,000 Annual Tax or Fee Patrice Thomas
6.8(G) >= $500,000 Tax or Fee Increase
Change {S & H} or a Net Fee Decrease {S} Deputy Fiscal Officer


Statutes affected:
HB971 Enrolled:
HB971 Act 755: