2015 Legislative Wrap-Up

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GENERAL COMMENTARY ON 2015 REGULAR LEGISLATIVE SESSION:

A lot has been written about the recently completed regular session, and no doubt since this is an election year there will be a lot more commentary before this election is over. Too, it appears likely that the legislature will be called back into special session in the early part of 2016 as many experts predict that issues on the fiscal state of the budget will resurface, sooner than later. Everyone knew of the projected 2015-16, $1.6 billion projected budget shortfall. This talk overshadowed all conversation in and around the Capitol.

THE MONEY BILLS

• HB 2, Rep. Joel Robideaux (Chairman of the House Ways & Means Committee) the $5 billion state capital construction budget bill, was “overloaded” by about $377 million more in projects than dollars available. In the important Priority 1, 2, and 3 lists of projects $1.43 billion is in reauthorization of existing projects (already funded) in P 1, P 2, $391 million in proposed new funding for projects (still doable as they’re eligible for a cash line of credit), and P 5 contains projects both in proposed new funding and re-authorizations of existing funding for projects meaning eligible for a non-cash line of credit, which amounts to $2.08 Billion. PASSED, ACT 26.

We were informed after the session that a provision contained in HB 2, stating “select a general contractor through an RFP process whereby general contractors will bid general conditions and contractor’s fee based on the direct construction budget.” We’re looking into its meaning: whether it is a continuation of a N.O. Pelicans driven project, or is something more nefarious. Continue reading

ULM construction receives $86,000 donation from CETF

On June 17, 2015, the Contractors’ Educational Trust Fund (CETF) presented a check for $86,500 to Dr. Ed Brayton, director of University of Louisiana at Monroe School of Construction, as part of an ongoing partnership to help maintain and enhance the ULM construction program. To read more about the donation to ULM, click here.

Louisiana AGC was the lead association in the creation of the Contractors’ Educational Trust Fund, through the State Licensing Board for Contractors, which established million-dollar endowed chairs in the construction departments at Louisiana State University, Louisiana Tech University and University of Louisiana Monroe. 

Louisiana AGC affiliates are pictured below, beginning on the left: Jerry Brasher, Lincoln Builders; Mark Graham, Lincoln Builders; and Steve Terrill, LAGC area manager.
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Michael Tubbs joins Arthur J. Gallagher Risk Management Services, Inc.

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Arthur J. Gallagher Risk Management Services, Inc., the U.S. retail property/casualty brokerage division of Arthur J. Gallagher & Co., announced on June 15, 2015 that Michael F. Tubbs has joined its Construction Practice as Area Executive Vice President. Mr. Tubbs has over 25 years’ experience and brings a wealth of knowledge in the construction risk management and surety industry.

 

Registration open for LAGC Conference – July 8-12, 2015

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Registration is open for the 29th Annual LAGC Annual Conference, to be held July 8-12, 2015 at the Hilton Sandestin Beach Golf Resort & Spa. This year’s theme is “Superheroes.” Visit www.lagcconference.com to register online, view schedule of events, details, sponsorships and more.

If you haven’t already done so, we encourage you to make your hotel reservations now using the group code LGC. Our room rates begin at $279. Rooms with bunk beds for children are in the Emerald Tower. Book by calling 1-850-267-9500. The conference will begin on Wednesday, July 8th with a departure on Sunday, July 12th. Deadline to get the conference rates is June 4 or until the block sells out. Our block will sell out soon… we are already 90% full!

This is already shaping up to be another great event. We hope to see all of our industry’s superheroes at our annual conference in July!