House Bill No. [insert number] proposes the creation of the Louisiana State Infrastructure Bank, which will operate under the office of the governor to enhance funding for infrastructure projects across the state. The bill 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 governance structure, operational framework, and the establishment of the Louisiana State Infrastructure Fund. This fund will consist of multiple accounts designated for specific infrastructure projects, such as highways, transit, and rail, and will be overseen by a board of directors composed of state officials and appointees with relevant expertise.

The legislation outlines the financial mechanisms available to the bank, allowing it to incur debt, issue bonds, and provide loans or financial assistance to qualified borrowers, including private entities involved in public infrastructure projects. The funds will be restricted to eligible projects that meet federal funding requirements, and the bill emphasizes the importance of a revolving loan program to ensure sustainable infrastructure funding. The board will be responsible for adopting bylaws, conducting meetings in compliance with the Open Meetings Law, and submitting an annual report to the governor and legislature on the bank's performance. The bill is set to take effect on July 1, 2026.