Louisiana SB 487: CAPITAL OUTLAY: Provides relative to the capital outlay application process. (8/1/20) (EN NO IMPACT See Note)

Bill Text

2020 Regular Session ENROLLED
SENATE BILL NO. 487
BY SENATOR ALLAIN
1 AN ACT
2 To amend and reenact R.S. 39:101(A)(1)(b), relative to capital outlay; to provide with
3 respect to applications for capital outlay budget requests; to provide for which
4 projects are required to reapply annually; to provide for an effective date; and to
5 provide for related matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 39:101(A)(1)(b) is hereby amended and reenacted to read as follows:
8 §101. Capital outlay budget request; feasibility studies
9 A.(1) * * *
10 (b)The application for any (i) An updated capital outlay budget request
11 which receives funding in the capital outlay budget shall be updated submitted each
12 year that the project remains active in the budget process to requires new state
13 funds in order to fully fund the project scope most recently approved by the
14 legislature or the project has not encumbered a contract for acquiring lands,
15 buildings, equipment, or construction of a permanent property within the
16 twenty-four month period before the submission deadline. The updated request
17 shall reflect all changes in the project that occurred since the previous submission.
18 The resubmission of the capital outlay budget request shall be subject to all of the
19 requirements and the November first submission deadline as all other capital outlay
20 budget requests.
ACT No. 45
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.

SB NO. 487 ENROLLED
1 (ii) An updated capital outlay budget request shall not be required for
2 any project for which the work is complete or any project which has been
3 abandoned. A project shall be considered abandoned when no expenditures
4 occur within the twenty-four month period before the submission deadline.
5 * * *
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.