This bill amends R.S. 39:112(E)(2)(e) to modify the requirements for waiving matching funds for certain nonstate capital outlay projects. The population threshold for municipalities to qualify for a waiver is increased from less than six thousand to less than nine thousand five hundred. Additionally, the bill stipulates that municipalities or parishes must demonstrate their inability to provide a local match due to reasons unrelated to mismanagement, financial misconduct, abuse, or fraud. The bill also introduces new documentation requirements for applicants, including recent financial reports or audits, a rate study for utility-related projects, and certifications regarding fiscal administration and outstanding debts.

Furthermore, the bill outlines the process for the division of administration to review the submitted documentation and make recommendations for waiver approvals to the Joint Legislative Committee on Capital Outlay, which will have the final say on these waivers. The provisions of this act will apply to projects in the capital outlay budget for fiscal years starting on or after July 1, 2025, with the act itself becoming effective on that date.

Statutes affected:
HB381 Original: 39:112(E)(2)
HB381 Engrossed: 39:112(E)(2)
HB381 Enrolled: 39:112(E)(2)
HB381 Act : 39:112(E)(2)