§77. Transportation Trust Fund; dedication and uses of certain monies for transportation purposes

A. Beginning Fiscal Year 2017-2018 and each year thereafter, from the avails of the taxes imposed by Chapters 2, 2-A, and 2-B of Subtitle II of Title 47 of the Louisiana Revised Statutes of 1950 from the sale, use, lease or rental, the distribution, the consumption, and the storage for use or consumption of motor vehicles which are taxable pursuant to said Chapters 2, 2-A, and 2-B, and after satisfying the requirements of Article VII, Section 9(B) of the Constitution of Louisiana relative to the Bond Security and Redemption Fund, the treasurer shall deposit an amount equal to an increase in general fund revenues as certified by the Revenue Estimating Conference as being attributable to the provisions of Acts 2015, No. 257, but not in excess of one hundred million dollars per fiscal year, to the funds to be dedicated for use as provided by Subsection B of this Section.

B. The monies dedicated pursuant to Subsection A of this Section shall be deposited to the funds specified for the following purposes:

(1) The first seventy million dollars of the total monies shall be deposited into the Transportation Trust Fund to be used exclusively for state highway pavement and bridge sustainability projects in accordance with the Department of Transportation and Development definitions of such projects.

(2) After compliance with the provisions of Paragraph (1) of this Subsection, ninety-three percent of the remaining monies shall be deposited into the Transportation Trust Fund to be appropriated and expended as follows:

(a) Not less than thirty percent shall be dedicated to highway priority program projects classified as capacity projects in accordance with the Department of Transportation and Development definitions of such projects.

(b) Twenty-five percent shall be used exclusively for port construction and development priority program projects as provided in Chapter 47 of Title 34 (R.S. 34:3451 through 3463).

(c) The remainder of the monies after compliance with Subparagraphs (2)(a) and (b) of this Paragraph shall be used exclusively for highway priority projects. Such projects shall be specifically for state highway pavement and bridge sustainability in accordance with the Department of Transportation and Development definitions of such projects.

(3)(a) After compliance with the provisions of Paragraph(1) of this Subsection, seven percent of the remaining monies shall be deposited into the Louisiana State Transportation Infrastructure Fund established in R.S. 48:86 as provided in Acts 2015, No. 431. The monies deposited in the Louisiana State Transportation Infrastructure Fund pursuant to this Subsection shall be used exclusively for final design and construction and shall not be used for studies.

(b) If the Act [Acts 2015, No. 431] which originated as House Bill No. 767 of the 2015 Regular Session of the Legislature fails to pass and is not enacted into law, the monies allocated to this Paragraph shall be deposited into the Transportation Trust Fund and used exclusively for port construction and development priority program projects as provided in Subparagraph (2)(b) of this Subsection.

(4) None of the monies deposited into the Transportation Trust Fund pursuant to this Subsection shall be appropriated to the office of state police.

C. Repealed by Acts 2015, No. 275, §2, eff. June 29, 2015.

Acts 2008, 2nd Ex. Sess., No. 11, §2, eff. March 24, 2008; Acts 2014, No. 830, §2, eff. Nov. 4, 2014, if adopted; Acts 2015, No. 275, §§1, 2, eff. June 29, 2015.

NOTE: See Acts 2014, No. 830, §§2 and 3, regarding contingencies.

NOTE: House Bill 628, amending La. Const. Art. VII, Sec. 14(B), became Act 873, authorizing capitalization of a state infrastructure bank, effective pending vote Nov. 14, 2014. House Bill 629, amending La. Const Art. VII, Sections 27 and 10.3, providing for deposit of excess mineral revenues into the Transportation Trust Fund in order to capitalize a state infrastructure bank, failed to become enacted.