BONDS: Provides relative to the issuance and sale of general obligation bonds. (gov sig) (EN NO IMPACT See Note)
SB 149 amends Louisiana law governing the issuance and sale of state general obligation bonds. It updates bid requirements, mandating that winning bidders (excluding federal/state entities) must submit a deposit of two percent of the bond value via wire transfer, certified check, or surety bond. The bill also clarifies that bond maturity dates and sinking fund payments can be set flexibly at annual or semiannual intervals, without requiring equal amounts each period. This procedural change directly affects state agencies issuing bonds and their bidders.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2026
Committee Review
May 2026
Senate Passage
Mar 2026
House Passage
Apr 2026
Signed into Law
Jun 2026
Introduced Feb 25, 2026
Signed Jun 2, 2026
Maddy AI version diff · 3 comparisons
What changed between versions
SB149 Original
→
SB149 Act
·
3 edits
MINOR
This bill amends state laws governing general obligation bonds to allow the Northshore Technical Community College-Hammond Area Campus to receive funding without requiring a matching fund contribution. It also clarifies the methods for submitting bids, adding wire transfers of federal funds as an acceptable option alongside traditional checks and surety bonds.
Scope change
The bill expands eligibility for a specific project at Northshore Technical Community College-Hammond Area Campus by exempting it from the standard match requirement for bond financing.
ELIGIBILITY
Exempts the Northshore Technical Community College-Hammond Area Campus project from the requirement to provide a matching fund contribution.
REQUIREMENT
Updates bid submission rules to explicitly include wire transfers of federal funds as a valid method for providing the required bid security.
Reorganizes the text of R.S. 39:1365(7) to separate the rules for the winning bidder's payment method from the general bid submission requirements.
Floor votes · Senate Mar 18, 2026 · House Apr 28, 2026
How they voted
33–0
Passed · 6 other
Total votes 39
Mar 18, 2026
D
Democratic11
72% Yea
R
Republican28
89% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
32
Key actions
12
Committee
12
Amendments
2
May 31, 2026
Upper · Passed
Notice House adopted the Conference Committee Report.
upper
May 31, 2026
Lower · Passed
Conference Committee Report read, roll called, yeas 97, nays 0. The Conference Committee Report was adopted.
lower
May 29, 2026
Lower · Passed
Notice of Senate adoption of Conference Committee Report.
lower
May 29, 2026
Upper · Passed
Conference Committee Report read; adopted by a vote of 37 yeas and 0 nays.
upper
May 19, 2026
Lower · Passed
Conference Committee report received. Lies over under the rules.
lower
May 18, 2026
Upper · Passed
Conference committee report received.
upper
May 7, 2026
Upper · Passed
Notice House Conference Committee members appointed.
upper
May 6, 2026
Upper · Passed
Senate conference committee members appointed: Foil, Lambert, and Wheat.
upper
May 5, 2026
Introduced
Notice of Senate rejecting House amendments.
lower
Apr 28, 2026
Lower · Passed
Read third time by title, roll called on final passage, yeas 95, nays 0. Finally passed, ordered to the Senate.
lower
Apr 22, 2026
Introduced
Reported without Legislative Bureau amendments.
lower
Apr 21, 2026
Lower · Passed
Reported with amendments (12-0). Referred to the Legislative Bureau.
lower
Mar 24, 2026
Committee
Read by title, under the rules, referred to the Committee on Ways and Means.
lower
Mar 18, 2026
Upper · Passed
Rules suspended. Read by title, passed by a vote of 32 yeas and 0 nays, and sent to the House. Motion to reconsider tabled.
upper
Mar 16, 2026
Upper · Passed
Reported with amendments.
upper
Mar 9, 2026
Committee
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Revenue and Fiscal Affairs.
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Franklin Foil
RRepublican
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