2014 Louisiana Laws
Revised Statutes
TITLE 48 - Roads, Bridges and Ferries
RS 48:2111 - Purpose; legislative findings

CHAPTER 32. TRANSPORTATION MOBILITY FUND

§2111. Purpose; legislative findings

A. The legislature hereby finds and declares that the development, construction, improvement, expansion, and maintenance of an efficient, safe, and well-maintained system of roads, highways, transitways, and other transportation facilities is essential to Louisiana's economic health and promotes the ability of business and industry to compete cost effectively on a regional, national, and global scale in order to provide a high quality of life for the people of this state.

B. Public sources of revenues, including federal funding, to provide an efficient transportation system have not kept pace with the state's growing transportation needs, and all available alternative sources of funding should be utilized to supplement available public sources of revenue.

C. The legislature hereby finds and declares that it is necessary to address the funding of transportation projects on the state level, and therefore, it is necessary to create and establish the Transportation Mobility Fund to provide funding leverage for very large transportation projects across Louisiana. Establishment of the Transportation Mobility Fund is not intended to replace or modify the current system the Department of Transportation and Development utilizes to identify, prioritize, and construct projects according to the annual Highway Priority Program, nor is the creation and establishment of the Transportation Mobility Fund intended to impact state general fund revenue streams or Transportation Trust Fund revenue streams.

D. The legislature hereby declares that the Transportation Mobility Fund shall be created for the purpose of generating and collecting a new annual revenue stream to bridge the gap between projected toll revenue collections for a toll project and the estimated costs of such project.

Acts 2006, No. 685, §1.