Bill > HB2

This bill appropriates funds for the state of Louisiana's capital outlay budget and program for the fiscal year 2026-2027, with a total authorized general obligation bond cash line of credit capacity of $1,994,431,681. * **General Obligation Bonds:** The bill authorizes the issuance of general obligation bonds up to $1,994,431,681 for various capital projects across state government, institutions, and public entities. These bonds will be repaid through annual debt service costs. * **Supplemental Appropriations:** Funds are appropriated from the State General Fund (Direct) Non-Recurring Revenues and Interest Earnings for supplemental capital outlay appropriations for Fiscal Year 2025-2026. * **Various State Agencies and Projects:** The bill allocates funds for numerous projects across a wide range of state agencies, including the Department of Transportation and Development, higher education institutions, and local government assistance programs. Specific dollar amounts for individual projects are not detailed in the provided text, but the overall framework for their funding through bond proceeds and other sources is established. * **Funding Sources:** Appropriations are primarily funded through the proceeds of general obligation bonds and revenue bonds. Other sources mentioned include interest earnings, self-generated revenues, and federal funds. * **Conditions on Spending:** Funds are subject to existing statutes regarding public bidding and contractual review. The Governor has the power to veto any line-item. Funds for non-state entities must generally be expended within two years of bond issuance. Certain projects have specific exemptions from standard procurement processes or match requirements. * **Fiscal Year Coverage:** The primary appropriation period covered is Fiscal Year 2026-2027, with some supplemental appropriations for Fiscal Year 2025-2026.