Program funding

The TIMED Program was established by Act 16 of the first extraordinary session of the Louisiana 1989 Legislature. Sixteen major projects were enumerated in Act 16. At that time, all projects included in the TIMED Program were planned for completion by December 31, 2005, using revenues from the dedicated four-cents-per-gallon gas tax. This tax was extended in 1998 until any bonds are repaid.

In 2000, it was determined that the Program could not be completed earlier than 2031 on the pay-as-you-go basis. As a result, the DOTD made the decision to accelerate completion of the projects through a bonding program.

TIMED bond sales have included:

1990 = $264 million 
2002 = $275 million 
2005 = $548 million 
2006 = $1.1 billion
2009 = $485 million