The Omnibus Bond Authorization Act of 2025 aims to implement a five-year capital improvement program in Louisiana by authorizing new bond issuances and repealing certain prior bond authorizations that are no longer feasible. The Act recognizes the need to address the financial implications of unissued bonds on the state's financial statements and creditworthiness. It allows the State Bond Commission to issue general obligation bonds for essential projects and mandates that all prior Acts authorizing such bonds be repealed, except for those related to refunding bonds and specific prior authorizations. This will streamline the bond authorization process and ensure that only viable projects receive funding.

Additionally, the Act establishes a framework for the issuance of project bonds, which are intended to reimburse debt service on general obligation bonds. It outlines the responsibilities of management boards and state agencies in managing these bonds, including the requirement to set aside designated revenues for debt service payments. The Act also provides for the establishment of reimbursement reserve accounts to ensure financial stability and compliance with payment obligations. The provisions of the Act will remain in effect until June 30, 2026, unless specific bonds have been sold or contracts for construction have been signed.