eCORTS Instructions

 

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Prior Funding

Prior funding refers to prior years actual funding (i.e. cash and lines of credit); and all funding in the current Capital Outlay Act (i.e. cash or lines of credit). The funding source (means of financing), amount, year, act number and bond priority level should be identified. Only prior funding for the project being submitted need be listed. Check off Bond if the proejct was a General Obligation Bond project.

If your project received an appropriation for General Obligation Bonds in a prior year, but did not receive a line of credit from the State Bond Commission, do not enter that funding under "Prior Funding". Prior Funding is only funding actually committed for the project.

Proposed New Funding

This is where you put how much you are requesting from capital outlay: either new funding or funding that got in a previous year's capital outlay bill and didn't get a line of credit.Proposed new funding refers to the funding required in addition to actual funding in prior years and current year (i.e. cash, bonds sold or lines of credit). Proposed new funding should include current year bond funding which was not granted a line of credit by the October Bond Commission, plus any additional funding you would like to request.

Please make sure you have reflected all project funding on computer page 3. Prior Funding total plus Proposed New Funding total should be equal to the Cost Estimates total on computer page 2.

Funding Sources

  1. State Funds: Please enter the amount you are CURRENTLY requesting from the state. Bonds or other evidences of indebtedness whose debt service is payable from the Bond Security and Redemption Fund, and for which the full faith and credit of the state is pledged to the repayment; or reallocation/reappropriation of the proceeds from previously sold bonds; or inter-agency transfer; or reallocation/reappropriation of previously appropriated cash.
  2. *Local Funds: For departments of the State of Louisiana: Any other type of financing not covered in the list of proposed new funding sources, including donations, etc. For non-state entities: Indicate any local matching funds. This should include any local bond issue proceeds, millage, or other forms of local participation.
  3. *Reimbursement Bonds (State Departments Only): General obligation bonds whose debt service is payable, through a reimbursement agreement, by revenues derived from the operation of the agency for which the bonds or other indebtedness are issued.
  4. *Fees/Self-Gen Rev (State Departments Only): Self-generated cash from revenues derived from the operation of the agency.
  5. *Revenue Bonds (State Departments Only): Bonds whose debt service is payable from revenues derived from the operation of the agency for which the bonds or other evidences of indebtedness are issued. The full faith and credit of the state is not pledged to the repayment of Revenue Bonds.
  6. **Statutory Dedications (State Departments Only): Cash from revenues derived from statutory dedications, awarded, or received for the project.
  7. *Federal Funds: Any federal grant, loan, etc., that has been applied for, awarded, or received for the project.

*The specific source of funds for Items 2-7 listed above should be identified if included in the funding for any part of the project.
**The specific name of the statutory fund for Item 6 should be identified. Statutory Dedications are for Departments of the State of Louisiana only.



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