House Bill No. [insert number] proposes the establishment of the Local Infrastructure Fund as a special fund within the state treasury. This fund will receive revenues from the state sales and use tax, as well as any donations, gifts, grants, appropriations, or other revenue designated for it. The bill outlines specific uses for the fund's resources, including the repair, improvement, and consolidation of community water and sewer systems for parishes or local governing authorities that have not received grants from the Water Sector Program, as well as the repair and construction of various infrastructure projects such as roads, bridges, and drainage facilities.

Additionally, the bill stipulates that the funds can only be utilized through specific appropriations made in legislation enacted by the state legislature. It also mandates that the funds be invested similarly to the state general fund, with any interest earned credited back to the Local Infrastructure Fund. Unexpended and unencumbered funds at the end of the fiscal year will remain in the fund. The act will take effect upon the governor's signature or after the designated time for gubernatorial action if not signed.