2012 Louisiana Laws
Revised Statutes
TITLE 47 — Revenue and taxation
RS 47:7015 — Crescent city connection toll fund; bonds

§7015. Crescent City Connection Toll Fund; bonds

A. There is hereby created, as a special fund in the state treasury, the Crescent City Connection Toll Fund, hereinafter referred to as the "fund". The source of monies for the fund shall be tolls collected for passage over the Crescent City Connection Bridge, and any administrative fees, and any late charges provided by law which are collected pursuant to R.S. 47:7012 and 7013, in such amounts as remain after the deposit of not less than ten million dollars annually of such monies into the Crescent City Connection Capital Projects Fund to provide for payment of amounts due on bonds and related expenses and used to make payment under the bond documents pursuant to which any bonds were issued pursuant to the provisions of R.S. 47:7016, to provide funds to finance capital projects on a 'pay-as-you go' basis, or to provide funds to match federal funds.

B. After compliance with the requirements of Article VII, Section 9(B) of the Constitution of Louisiana, relative to the Bond Security and Redemption Fund, and after deposit of not less than ten million dollars annually to the Crescent City Connection Capital Projects Fund, an amount equal to that deposited into the state treasury from the foregoing sources shall be deposited in and credited to the fund. The monies in the fund shall be invested by the treasurer in the same manner as the state general fund, and interest earnings shall be deposited into the fund. All unexpended and unencumbered monies remaining in the fund at the end of each fiscal year shall be transferred to and deposited by the treasurer into the Crescent City Connection Capital Projects Fund.

C.(1) Monies in the fund shall be subject to annual appropriation as set forth herein by the legislature for use by the Department of Transportation and Development and the Department of Public Safety and Corrections, public safety services.

(2) Monies appropriated from the fund to the Department of Public Safety and Corrections, public safety services shall not exceed two million dollars annually and shall be allocated to and disbursed solely for police functions on the Crescent City Connection Bridge and along US 90Z between Interstate 10 and US 90.

(3) Monies appropriated from the fund to the Department of Transportation and Development shall be allocated and disbursed solely for operations, maintenance, landscaping, grass cutting, trash pickup, functional and ornamental lighting, inspections, motorist assistance patrols, and capital projects on the bridges, approaches and roadways, along U.S. 90Z from Interstate 10 to U.S. 90, including ingress and egress points to the Crescent City Connection Bridge.

(4) No monies in the fund shall be used for any of the following purposes:

(a) As a part of the Transportation Trust Fund-Regular.

(b) To fund the operations of any office, section, division, or other entity under the authority of the department for anything other than the purposes for which this Chapter authorizes for the Crescent City Connection Bridge.

(c) To finance, supplement, or in any manner fund any Louisiana Transportation Authority project, other than those related to the Crescent City Connection Bridge.

(d) To finance, supplement, or in any manner fund any other projects in the state of Louisiana, particularly those contained in Part VI of Chapter 7 of Subtitle II of this Title, the Transportation Infrastructure Model for Economic Development.

(e) To finance, supplement, or in any manner fund any ferry operated in the state.

(5) Transportation Trust Fund - Regular monies shall not be expended to provide special, dedicated police functions on the Crescent City Connection.

Acts 2012, No. 865, §2, eff. Jan. 1, 2013.