This bill establishes the Louisiana State Infrastructure Bank within the office of the governor to fund infrastructure-related projects. It introduces new provisions in the Louisiana Revised Statutes, specifically R.S. 36:4(B)(39), R.S. 48:77.3, and Subpart B of Part V of Chapter 1 of Title 48, detailing the bank's creation, governance structure, and operational framework. The bank will be overseen by a board of directors, which includes various state officials and appointees with expertise in finance and accounting. Additionally, the legislation creates the Louisiana State Infrastructure Fund as a special fund in the state treasury, designated for specific infrastructure projects such as highways, transit, and rail.

The bill grants the bank the authority to incur debt, issue bonds, and provide loans or financial assistance to qualified borrowers, including public and private entities. It specifies eligible costs and projects for financing, ensuring funds are allocated for public infrastructure improvements. The board is responsible for adopting bylaws, conducting meetings in compliance with the Open Meetings Law, and overseeing operations, including fiscal controls and underwriting standards. Furthermore, the board must submit an annual report to the governor and legislature on the bank's performance and financial status. The legislation is set to take effect on July 1, 2026.