House Bill No. by Representative Brass aims to modify the financing structure for public works projects in Ascension Parish. The bill enacts new provisions under R.S. 38:2212(C)(5) and 2241(A)(3), which increase the "contract limit" for public works projects from $150,000 to $500,000 per project. This limit includes labor, materials, and equipment, with administrative overhead capped at 15%. Additionally, starting February 1, 2026, the contract limit will be adjusted annually based on the Consumer Price Index, and the updated limits will be published in the Louisiana Register each January.

Furthermore, the bill mandates that for any contract exceeding $50,000, the public entity must require the contractor to provide a statutory bond amounting to at least 50% of the contract price. This bond ensures payment to claimants as defined in existing law and must be executed by the contractor with approved sureties. The bond must also be recorded with the contract in the local recorder's office within 30 days of the work commencing. These changes are intended to enhance the financial accountability and oversight of public works projects in the parish.