The Omnibus Bond Authorization Act of 2025 aims to implement a five-year capital improvement program in Louisiana by enacting new bond authorizations and repealing certain prior bond authorizations that are no longer feasible due to inflation and other factors. The Act allows the State Bond Commission to issue general obligation bonds for essential projects and mandates that all prior Acts authorizing the issuance of general obligation bonds be repealed, except for those related to refunding bonds and a specific Act from the 2006 First Extraordinary Session. This repeal is intended to improve the state's financial standing by removing unissued bonds from financial statements, which can negatively impact the state's creditworthiness.

Additionally, the Act establishes a framework for the issuance of project bonds to fund capital improvement projects, including provisions for reimbursement contracts that ensure the state is compensated for debt service on these bonds. The legislation outlines the responsibilities of management boards and governing bodies in managing the financial aspects of the bonds, including the establishment of reserve accounts to cover debt service requirements. The Act will expire on June 30, 2026, unless specific bonds have been sold or contracts for construction have been signed, and it will take effect upon the governor's signature or after the designated period for bills to become law without a signature.