RS 48:250.4.3: Use of toll revenue and credits; I-10 Calcasieu River Bridge public-private partnership

A. The Department of Transportation and Development shall use any revenue or credits generated in connection with the I-10 Calcasieu River Bridge public-private partnership, including windfall proceeds payments, distributions of toll revenue, and toll credits only as follows:

(1) To reduce toll rates on the I-10 Calcasieu River Bridge, including the reduction or elimination of any scheduled toll rate increase.

(2) To shorten the term of the I-10 Calcasieu River Bridge public-private partnership.

(3) To construct other eligible capital improvement projects within Allen Parish, Beauregard Parish, Calcasieu Parish, Cameron Parish, or Jefferson Davis Parish.

B. Any use of funds or credits generated in connection with the I-10 Calcasieu River Bridge public-private partnership shall conform to the provisions of the comprehensive agreement governing the partnership and all applicable laws.

C. Prior to using any revenue or credits generated in connection with the I-10 Calcasieu River Bridge public-private partnership, the secretary shall provide notice of the intended use and consult with the legislative delegations from Allen Parish, Beauregard Parish, Calcasieu Parish, Cameron Parish, and Jefferson Davis Parish before seeking approval for the use of funds from the Joint Legislative Committee on Transportation, Highways and Public Works.