TRANSPORTATION DEPT: Provides for funding to certain entities for infrastructure related projects within the Department of Transportation and Development

This bill creates the Louisiana State Infrastructure Bank within the Division of Administration to provide financing for public infrastructure projects. The bank will be authorized to issue bonds and loans to governmental units and private entities participating in public infrastructure projects, covering transportation, water, energy, and resilience improvements. Funds for the bank will come from federal transportation trust funds, and the bank can offer various financial assistance tools like loan guarantees and interest rate subsidies. The new bank will be overseen by a board of directors that sets rules and coordinates with state agencies to manage the infrastructure fund.