LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: SB 49 SLS 202ES 13
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: October 22, 2020 7:33 AM Author: HEWITT
Dept./Agy.: Louisiana International Gulf Transfer Terminal Authority
Subject: Provides for the issuance of bonds Analyst: Alan M. Boxberger
PORTS/HARBORS/TERMINALS EN NO IMPACT See Note Page 1 of 1
Provides for the issuance of bonds by the Louisiana International Deep Water Gulf Transfer Terminal Authority. (gov sig)
(Item #49)
Present law provides for definitions and provides for the issuance of revenue bonds by the LA International Deep Water Gulf
Transfer Terminal Authority, and requires the execution of bond resolutions that authorize revenue bonds by the secretary of
DOTD, who is a member of the authority’s board of commissioners, though DOTD itself has no oversight over the authority.
Proposed law removes the words “container” or “containerized” from restrictions or limits on authority; changes the
execution of bond resolutions that authorize bond revenue to be made by an authorized officer of the authority’s board of
commissioners; and makes technical changes.
EXPENDITURES 2020-21 2021-22 2022-23 2023-24 2024-25 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
REVENUES 2020-21 2021-22 2022-23 2023-24 2024-25 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
EXPENDITURE EXPLANATION
There is no anticipated direct material impact on state or local expenditures as a result of the proposed measure. Proposed
law shifts the authority to execute bond resolutions that authorize revenue bonds from the secretary of DOTD to an
authorized officer of the LA International Deep Water Gulf Transfer Terminal Authority. The Authority reports that securing
financing of any bonds that may or may not be approved and issued will be the sole responsibility of the respective
developer.
REVENUE EXPLANATION
There is no anticipated direct material effect on governmental revenues as a result of this measure.
Senate Dual Referral Rules House
13.5.1 >= $100,000 Annual Fiscal Cost {S & H} 6.8(F)(1) >= $100,000 SGF Fiscal Cost {H & S}
Alan M. Boxberger
13.5.2 >= $500,000 Annual Tax or Fee 6.8(G) >= $500,000 Tax or Fee Increase
Change {S & H} or a Net Fee Decrease {S} Staff Director


Statutes affected:
SB49 Original: 34:3492(1), 34:3493(A)(1), 34:3499(F), 34:3503(A)(2)
SB49 Engrossed: 34:3492(1), 34:3493(A)(1), 34:3499(F), 34:3503(A)(2)
SB49 Enrolled: 34:3492(1), 34:3493(A)(1), 34:3499(F), 34:3503(A)(2)
SB49 Act 55: 34:3492(1), 34:3493(A)(1), 34:3499(F), 34:3503(A)(2)