Senate Backs Creation of Louisiana State Infrastructure Bank to Finance Local Projects
Senators approved House Bill 11 57 to create a Louisiana State Infrastructure Bank, a revolving loan fund intended to provide lower-cost financing for roads, bridges, transit and other projects; backers said loan repayments would recycle into future projects.
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Senator Henskins described House Bill 11 57 as a tool to accelerate local infrastructure by creating the Louisiana State Infrastructure Bank, a revolving loan fund that would make low-cost financing available for roads, bridges, transit rail and other critical projects. The sponsor said the fund would allow governments and qualified partners to borrow at reduced rates and reuse repayments to stretch available resources.
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