CAPITAL OUTLAY: Provides for the Omnibus Bond Act

This bill creates the Omnibus Bond Authorization Act of 2024 to manage Louisiana's state capital improvement projects by clearing out old, unused bond authorizations and replacing them with new funding for essential needs. It directs the State Bond Commission to issue general obligation bonds for specific projects listed in the 2024 Capital Outlay Act while canceling previous bond acts that are no longer feasible or desirable. The legislation also establishes a process for repaying these bonds, requiring certain state agencies to set aside student fees or other revenues into a reserve account to cover debt payments over time. By updating the state's borrowing framework, the bill aims to improve the state's financial standing and ensure funds are available for future infrastructure and capital upgrades.