HLS 10RS-612 ORIGINAL Page 1 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Regular Session, 2010 HOUSE BILL NO. 1057 BY REPRESENTATIVE CHAMPAGNE DISTRICTS/SPECIAL: Creates a redevelopment authority for the city of Jeanerette AN ACT1 To enact Chapter 13-M of Title 33 of the Louisiana Revised Statutes of 1950, to be2 comprised of R.S. 33:4720.201, relative to the Jeanerette Redevelopment Authority;3 to create the Jeanerette Redevelopment Authority; to provide for the formation of a4 program or programs in the city of Jeanerette for the use of appropriate private and5 public resources to eliminate and prevent the development or spread of slum,6 blighted, and distressed areas; to allow the rehabilitation, clearance, and7 redevelopment of slum, blighted, and distressed areas; to provide for the expeditious8 conversion of blighted or underused property into habitable residential dwellings in9 the city of Jeanerette; to define the duties, liabilities, authority, and functions of the10 redevelopment authority; to authorize public bodies to furnish funds, services,11 facilities, and property in aid of redevelopment projects; and to provide for related12 matters.13 Notice of intention to introduce this Act has been published14 as provided by Article III, Section 13 of the Constitution of15 Louisiana.16 Be it enacted by the Legislature of Louisiana:17 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 2 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Section 1. Chapter 13-M of Title 33 of the Louisiana Revised Statutes of 1950,1 comprised of R.S. 33:4720.201, is hereby enacted to read as follows: 2 CHAPTER 13-M. JEANERETTE REDEVELOPMENT AUTHORI TY3 ยง4720.201. Jeanerette Redevelopment Authority4 A. This Chapter may be referred to as the "Jeanerette Redevelopment Law".5 B. It is hereby found and declared that:6 (1) There exist in the city of Jeanerette areas which have become slums,7 blighted, and distressed because of the unsafe, unsanitary, inadequate, or8 overcrowded condition of the structures therein, or because of inadequate planning9 for the area, or because of physically or functionally obsolete structures, or because10 of excessive dwelling unit density, or because of the lack of proper light and air and11 open space, or because of faulty street or lot design, or inadequate public utilities, or12 community services, or because of failure to adequately maintain and repair13 structures, or because of the conversion to incompatible types of land usage, or14 because of environmental conditions and circumstances. Such conditions or a15 combination of some or all of them have and will continue to result in making such16 areas economic and social liabilities.17 (2) The prevention and elimination of slum, blighted, and distressed18 properties are matters of public policy and concern, as such areas tend to consume19 a disproportionate amount of city revenues because of the extra services required for20 police, fire, accident, and other forms of public protection, services, and facilities.21 (3) The salvage, renewal, redevelopment, and reconstruction of such slum,22 blighted, and distressed areas will promote the public health, safety, morals, and23 welfare of the public.24 (4) The powers conferred by this Chapter are for public uses, purposes,25 welfare, and utility for which public money may be expended as necessary. The26 provisions of this Chapter shall apply for residential, recreational, commercial,27 industrial, or other purposes and otherwise to encourage the provision of healthful28 homes, safe neighborhoods, a decent living environment, and adequate places of29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 3 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. employment for the people. Such purposes are hereby declared as a matter of1 legislative determination.2 (5) The object of this Chapter is to provide for the following:3 (a) The general and economic welfare of the city through housing,4 commercial, office, hospitality, recreation, education, infrastructure and utility5 capacity, manufacturing, industrial, research, retail, or other activities which will6 create or retain jobs, maintain or diversify industry, including new or emerging7 technologies, or maintain or increase the tax base.8 (b) The improvement of conditions of deteriorated physical development,9 slow economic growth, and eroded financial health of the public and private sectors.10 (c) The control, abatement, and prevention of pollution to protect public11 health and safety and the development and use of indigenous and renewable energy12 resources.13 (d) Assistance to nonprofit and governmental entities in support of health,14 educational, charitable, community, cultural, agricultural, consumer, or other15 services benefitting the citizens.16 C.(1) There is hereby created in the city of Jeanerette a body politic and17 corporate which shall exist in perpetuity and shall be known as the Jeanerette18 Redevelopment Authority, referred to in this Chapter as the "authority".19 (2) The authority shall be a special district created pursuant to Article VI,20 Section 19 of the Constitution of Louisiana and political subdivision of the state as21 defined in Article VI, Section 44 of the Constitution of Louisiana. The authority,22 acting through its governing board, is hereby granted all of the rights, powers,23 privileges, and immunities accorded by the laws and the Constitution of Louisiana24 to political subdivisions of the state, subject to the limitations provided in this25 Chapter.26 D. The authority, for the purposes of this Chapter, may within its jurisdiction27 formulate a workable program or programs for using appropriate private and public28 resources to eliminate and prevent the development or spread of slums and blight,29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 4 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. to encourage needed rehabilitation, and to provide for the redevelopment of slum or1 blighted areas, or to undertake other feasible parochial activities as may be suitably2 employed to achieve the objectives of such workable program.3 E. The authority, to the greatest extent it determines to be feasible in carrying4 out the provisions of this Chapter, shall seek out cooperative endeavors, including5 partnerships, joint ventures, and equity participation structures, with nonprofit6 organizations and private enterprise. The authority shall give consideration to this7 objective in exercising the powers granted pursuant to this Chapter.8 F.(1) The Jeanerette Redevelopment Authority shall be comprised of all of9 the territory located within the city of Jeanerette.10 (2) The authority shall be activated and implemented by the governing11 authority recognizing and confirming the appointment of the initial five members of12 the board.13 G.(1) The Jeanerette Redevelopment Authority shall be governed by a board14 of commissioners, referred to in this Chapter as the "board", consisting of five15 members appointed as follows:16 (a) Two members appointed by the city council.17 (b) One member representing the Jeanerette Chamber of Commerce18 appointed by the governing board of such organization.19 (c) One member shall be appointed by the governing board of Southern20 Mutual Help Association, Inc.21 (d) One member appointed by the governing board of the Iberia Economic22 Development Authority.23 (2) All appointments shall be confirmed by the governing authority of the24 city of Jeanerette.25 (3) Each appointing authority shall present its initial appointee to the city26 governing authority no later than December 31, 2010. Such presentations by the27 appointing authorities shall be in writing, shall be made at an official and open28 meeting of the city governing authority, and shall include information sufficient to29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 5 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. allow the governing authority to assess the qualifications and fitness of the appointee1 for his intended duties. Upon receipt of such presentation, the city governing2 authority shall have the right to confirm or reject said appointment. Such3 confirmation or rejection shall be made in the manner and under the procedure4 prescribed by the governing authority. Regardless of the manner and procedure so5 employed, if the governing authority does not reject an appointment within sixty6 days after the presentation required by this Paragraph, then the appointment shall be7 deemed confirmed.8 (4) Each board member shall be a citizen of the United States, a domiciliary9 of and a qualified voter in the city of Jeanerette for at least one year preceding the10 date of appointment, and shall remain a domiciliary of and a qualified voter of such11 jurisdiction during the entirety of the term of office. Furthermore, each board12 member shall be of good character and shall possess some skill, knowledge, or13 experience that will prove useful in the accomplishment of the goals of the authority14 as set forth in Subsection B of this Section.15 (5) Each board member shall serve for a term of four years unless removed16 for cause by the board as provided in this Chapter or removed for any reason by17 authorized action of the appointing authority. Initial terms shall be established in the18 bylaws of the authority.19 (6) The board shall establish rules and requirements relative to the20 attendance and participation of members in its meetings, regular or special. Such21 rules and regulations may prescribe a procedure whereby, should any member fail22 to comply with such rules and regulations, the member may be disqualified and23 removed automatically from office by no less than a majority vote of the remaining24 members of the board, and that member's position shall be vacant as of the first day25 of the next calendar month. Any person removed under the provisions of this26 Paragraph shall be ineligible for reappointment to the board unless such27 reappointment is confirmed unanimously by the board.28 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 6 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (7)(a) A vacancy on the board shall be filled in the same manner as the1 original appointment, except that such appointment shall not require confirmation2 by the governing authority of the city of Jeanerette. 3 (b) When a vacancy occurs on the board, a majority of the remaining board4 members may select an interim member to serve until a new member is appointed.5 (8) Board members shall serve without compensation, shall have the power6 to organize and reorganize the executive, administrative, clerical, and other7 departments and forces of the authority and to fix the duties, powers, and8 compensation of all employees, agents, and consultants of the authority. The board9 may reimburse any member for expenses actually incurred in the performance of10 duties on behalf of the authority.11 (9) The board shall elect yearly from its number a chairman, a vice chairman,12 a secretary, and a treasurer and shall establish their duties as may be regulated by13 rules adopted by the board. The offices of secretary and treasurer may be held by the14 same person. The board may meet in regular session once each month and also shall15 meet in special session as convened by the chairman or upon written notice signed16 by three members. A majority of the members of the board, not including vacancies,17 shall constitute a quorum for the conduct of business.18 (10) All actions of the board shall be approved by the affirmative vote of a19 majority of the members of the board present and voting; however, no action of the20 board shall be authorized on the following matters unless approved by a majority of21 the total board membership:22 (a) Adoption of bylaws and other rules and regulations for conduct of the23 authority's business.24 (b) Hiring or firing of any employee or contractor of the authority. This25 function may by majority vote be delegated by the board to a specified officer or26 committee of the authority, under such terms and conditions and to the extent that27 the board may specify.28 (c) The incurring of debt.29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 7 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (d) Levy of taxes and call for any tax or other election.1 (e) Adoption or amendment of the annual budget.2 (f) Sale, lease, encumbrance, or alienation of real property, improvements,3 or personal property with an assessed value of more than twenty thousand dollars.4 (11) Vote by proxy shall not be permitted. Any member may request a5 recorded vote on any resolution or action of the authority.6 (12) The board shall cause minutes and a record to be kept of all its7 proceedings. Except as otherwise provided in this Paragraph, the authority shall be8 subject to the Public Records Law (Chapter 1 of Title 44 of the Louisiana Revised9 Statutes of 1950), the Open Meetings Law (R.S. 42:4.1 et seq.), and the Code of10 Governmental Ethics (Chapter 15 of Title 42 of the Louisiana Revised Statutes of11 1950). Notwithstanding the provisions of R.S. 42:5, until thirty days prior to the date12 the board is scheduled to consummate a final sale or lease of any immovable13 property owned by the authority, the board may meet in executive session to discuss14 negotiations between the authority and any prospective seller, purchaser, lessor, or15 lessee of that property. R.S. 44:31 through 35 shall not apply to any records related16 to the negotiations of or to the terms of such a sale or lease until thirty days prior to17 the date the board is scheduled to consummate a final sale or lease. The board shall18 give written public notice of its intention to consummate a final sale or lease at least19 thirty days prior to the date on which the board intends to take such action. This20 notice shall comply with the procedural provisions of R.S. 42:7.21 H. The authority, through the board, shall have all powers necessary or22 convenient to carry out and effectuate the purposes and provisions of this Chapter,23 including but not limited to the following:24 (1) To sue and be sued and as such to stand in judgment.25 (2) To adopt, use, and alter at will a corporate seal.26 (3) To acquire by gift, grant, purchase, lease, or otherwise and to hold and27 use any property, real, personal, mixed, tangible, or intangible, or any interest therein28 and to engage in any action, such as the purchase of insurance, necessary or desirable29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 8 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. for the maintenance or improvement of such property. The authority shall not have1 any power to expropriate, except that power which is granted by the appropriate2 governing authority.3 (4)(a) To sell, lease for a term of up to ninety-nine years, exchange, or4 otherwise dispose of or transfer to or with other political subdivisions of this state5 or public or private persons at public or private sale any residential, commercial,6 industrial, or subdivision land, property, improvements, or portions thereof,7 including real property.8 (b) Prior to any sale, lease, conveyance, disposition, or transfer of property9 pursuant to this Paragraph, the authority shall fix the price and terms of the sale,10 lease, exchange, or other contract to be made with reference to the property. Such11 sale, lease, conveyance, disposition, or transfer shall comply with the terms and12 provisions of this Chapter.13 (c) Any sale of industrial land as defined by Chapter 8 of Title 51 of the14 Louisiana Revised Statutes of 1950 and the statutes referenced therein shall be in15 accordance with laws providing for the disposition or transfer of such land.16 (d) Other than the requirements of this Chapter, no other law limiting or17 regulating the form or manner of the sale, lease, conveyance, disposition, or transfer18 of property by public bodies, including without limitation R.S. 41:1338, shall apply19 to the sale, lease, conveyance, disposition, or transfer of property by the authority.20 All such sales, leases, conveyance, dispositions, or transfers of property remain21 subject to the limitations imposed by the Constitution of Louisiana.22 (5) To convey to the United States, the state, or to any political subdivision23 of the state any land, property, right-of-way, easement, servitude, or other thing of24 value which the authority may own or acquire for use by such governmental entity25 pursuant to the terms of any appropriate cooperative endeavor agreement.26 (6) To make and collect reasonable charges for the use of property of the27 authority and for services rendered by the authority and to regulate fees or rentals28 charged for use of privately owned facilities located on property owned or sold by29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 9 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. the authority when such facilities are offered for use by the public or by a private1 industrial, commercial, research, or other economic development entity or activity.2 (7) To enter into contracts and agreements with public bodies or public or3 private entities, including but not limited to contracts for professional, legal, and4 other services and for the purchase, lease, acquisition, sale, construction, operation,5 maintenance, marketing, and improvement of land, public works, and facilities.6 (8) To plan, develop, regulate, operate, and maintain activities and planned7 land uses to foster creation of new jobs, economic development, industry, health8 care, general public and social welfare, commerce, manufacturing, tourism,9 relocation of people and businesses to the area, shipbuilding, aviation, military,10 warehousing, transportation, offices, recreation, housing development, and11 conservation.12 (9) To make decisions and conduct all activities to meet the triple bottom13 line development objectives of equity, economics, and environment.14 (10) To acquire land and improvements to construct, operate, and maintain15 facilities, improvements, and infrastructure, including buildings, roads, bridges,16 drainage, and utilities, and to perform other functions and activities on property17 owned or leased by the authority to accomplish the objectives and purposes of the18 authority. However, the authority is prohibited from constructing, operating, or19 maintaining any water, electric, or gas utility facilities which duplicate, curtail,20 impair, or directly compete with a regulated water, electric, or gas utility facility21 operating in or adjacent to the property owned or leased by the authority.22 (11) To require and issue licenses.23 (12) To levy annually and cause to be collected ad valorem taxes, provided24 that the amount, term, and purpose of such taxes, as set out in propositions submitted25 to a vote in accordance with the Louisiana Election Code, shall be approved by a26 majority of the qualified electors of the city voting in an election held for that27 purpose.28 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 10 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (13)(a) To levy and collect sales and use taxes within the boundaries of the1 authority for such purposes and at such rate as provided by the propositions2 authorizing their levy, not to exceed in aggregate one percent, which taxes may not3 exceed the limitation set forth in the Constitution of Louisiana, provided the4 proposition submitted to a vote in accordance with the Louisiana Election Code shall5 be approved by a majority of the qualified electors of the city voting in an election6 held for that purpose. In submitting a sales tax proposition to a vote, the board may7 enter into a cooperative endeavor agreement with the city governing authority8 providing for the sales tax to be divided into parts between the city and the authority9 for such purposes and in such amounts as may be set forth in the proposition.10 (b) The tax shall be levied upon the sale at retail, the use, the lease or rental,11 the consumption, the distribution, and storage for use or consumption of tangible12 personal property, and upon the sales of services within the city, all as defined in13 R.S. 47:301 et seq.14 (c) Except where inapplicable, the procedure established by R.S. 47:301 et15 seq. shall be followed in the imposition, collection, and enforcement of the tax, and16 procedural details necessary to supplement those Sections and to make them17 applicable to the tax herein authorized shall be fixed in the resolution imposing the18 tax.19 (d) The tax shall be imposed and collected uniformly throughout the city.20 (e) Any tax levied under this Paragraph shall be in addition to all other taxes21 which the city or any other political subdivision within the city is now or hereafter22 authorized to levy and collect.23 (14) To develop, activate, construct, exchange, acquire, improve, repair,24 operate, maintain, lease, mortgage, sell, and grant a security device affecting the25 movable and immovable property, servitudes, facilities, and works within the city26 under such terms and conditions as the board may deem necessary or appropriate for27 any public purpose, including industrial, residential, subdivision, and commercial28 development.29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 11 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (15) To borrow money and to pledge or grant a security device affecting all1 or part of its revenues, leases, rents, and other advantages as security for such loans.2 (16) To appoint officers, agents, and employees, prescribe their duties, and3 fix their compensation.4 (17) To undertake and carry out redevelopment projects and related5 activities.6 (18) To apply for and accept advances, leases, grants, contributions, and any7 other form of financial assistance from the federal government, the state, parish, or8 other public bodies, or from any sources, public or private, for the purposes of this9 Chapter, and to give such security as may be required and to enter into and carry out10 contracts or agreements in connection therewith, and to include in any contract for11 financial assistance with the federal government such conditions imposed pursuant12 to federal laws as the board may deem reasonable and appropriate and which are not13 inconsistent with the purposes of this Chapter.14 (19) To make or have made all surveys and plans necessary to the carrying15 out of the purposes of this Chapter and to adopt or approve, modify, and amend such16 plans, which plans may include but are not limited to:17 (a) Plans for carrying out a program of voluntary or compulsory repair and18 rehabilitation of buildings and improvements.19 (b) Plans for the enforcement of state and local laws, codes, and regulations20 relating to the use of land and the use and occupancy of buildings and improvements21 and to the compulsory repair, rehabilitation, demolition, or removal of buildings and22 improvements.23 (c) Appraisals, title searches, surveys, studies, and other plans and work24 necessary to prepare for the undertaking of redevelopment projects and related25 activities.26 (20) To develop, test, and report methods and techniques and carry out27 demonstrations and other activities for the prevention and the elimination of slums28 and urban blight, including developing and demonstrating new or improved means29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 12 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. of providing housing or continuing care, assisted living, or independent living or1 other similar type housing for elderly or retired persons or other persons desiring2 such housing facilities.3 (21) To make and from time to time amend and repeal bylaws, orders, rules,4 and regulations in order to effectuate the provisions of this Chapter.5 (22) To exercise all or any part or combination of powers herein granted by6 this Chapter.7 (23) The authority shall not be deemed to be an instrumentality of the state8 for purposes of Article X, Section 1(A) of the Constitution of Louisiana.9 I.(1) The authority may incur debt and issue general obligation bonds under10 the authority of and subject to the provisions of Article VI, Section 33 of the11 Constitution of Louisiana, and Subpart A of Part III of Chapter 4 of Subtitle II of12 Title 39 of the Louisiana Revised Statutes of 1950, for the acquisition and operation13 of authority property or to carry out the other public purposes of this Chapter, and14 to issue any other bonds permitted by law, borrow money, and issue certificates of15 indebtedness, notes, and other debt obligations as evidence thereof and provide for16 the manner and method of repayment in accordance with law.17 (2) The authority may issue revenue bonds to finance the undertaking of a18 redevelopment project under this Chapter, or otherwise to acquire, purchase, lease,19 construct, or improve housing, residential development, subdivision development,20 commercial, research, industrial, or other plant sites and buildings, or other capital21 improvements authorized in this Chapter, including energy and pollution abatement22 and control facilities and necessary property and appurtenances thereto; and may sell,23 lease, sublease, or otherwise dispose of by suitable and appropriate contract to any24 enterprise locating or existing within the jurisdiction of the authority such sites,25 buildings, or facilities and appurtenances thereto, all or severally. The funds derived26 from the sale of such bonds may be disbursed in whole or in part upon delivery of27 the bonds as shall be provided in the contract between the authority and the28 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 13 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. residential, commercial, research, industrial, or other enterprise to be aided,1 encouraged, or benefitted subject to the requirements of this Chapter.2 (3) The issuing authority may enter into, amend, or terminate, as it3 determines to be necessary or appropriate, any ancillary contracts to do either of the4 following:5 (a) Facilitate the issuance, sale, resale, purchase, repurchase, or payments of6 bonds, including without limitation bond insurance, letters of credit, and liquidity7 facilities.8 (b) Attempt to hedge risk or achieve a desirable effective interest rate or cash9 flow, all subject to the approval of the State Bond Commission.10 (4) Bonds issued under Paragraph (2) of this Subsection shall be authorized11 by resolution of the board and shall be limited obligations of the issuing authority;12 the principal and interest, costs of issuance, and other costs incidental thereto shall13 be payable solely from the income and revenue derived from the sale, lease, or other14 disposition of the project or facility to be financed by the bonds issued under this15 Subsection, or from the income and revenue derived from the sale, lease, or other16 disposition of any existing project or facility acquired, constructed, and improved17 under the provision of this Subsection, or from any source available for such18 purpose. However, in the discretion of the issuing authority, the bonds may be19 additionally secured by mortgage or other security device covering all or part of the20 project from which the revenues so pledged may be derived. Any refunding bonds21 issued pursuant to this Subsection shall be payable from any source described above22 or from the investment of any of the proceeds of the refunding bonds authorized23 under this Subsection and shall not constitute an indebtedness or pledge of the24 general credit of the city, as appropriate, or the authority within the meaning of any25 constitutional or statutory limitation of indebtedness and shall contain a recital to that26 effect. Bonds of the authority issued under this Subsection shall be issued in such27 form, shall be in such denominations, shall bear interest, shall mature in such28 manner, and be executed by one or more members of the board as provided in the29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 14 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. resolution authorizing the issuance thereof. Such bonds may be subject to1 redemption at the option of and in the manner determined by the board in the2 resolution authorizing the issuance thereof.3 (5) No bonds or other evidences of indebtedness may be issued under this4 Subsection without the prior approval of the State Bond Commission of the terms5 and provisions thereof.6 (6) Bonds issued under this Subsection shall be issued, sold, and delivered7 in accordance with the terms and provisions of a resolution adopted by the board.8 The board may sell such bonds in such manner, either at public or at private sale, and9 for such price as it may determine to be in the best interests of the authority, subject10 to the approval of the State Bond Commission. The resolution issuing bonds shall11 be published in a newspaper of general circulation within the jurisdiction of the12 authority, and for a period of thirty days after said publication, any interested citizen13 may bring an action to contest the bonds and the security therefor, as provided in the14 Constitution of Louisiana. If, after the expiration of thirty days, no suit has been15 filed, the issuance, sale, and security of the bonds shall be incontestable, and no court16 shall have authority to entertain any action questioning or contesting such matters.17 (7) Bonds issued by the authority under this Chapter are deemed to be18 securities of public entities within the meaning of Chapters 13 and 13-A of Title 3919 of the Louisiana Revised Statutes of 1950, and shall be subject to defeasance in20 accordance with the provisions of Chapter 14 of Title 39 of the Louisiana Revised21 Statutes of 1950, shall be subject to the refunding provisions of Chapter 14-A of22 Title 39 of the Louisiana Revised Statutes of 1950, and may also be issued as short-23 term revenue notes of a public entity under Chapter 15-A of Title 39 of the Louisiana24 Revised Statutes of 1950.25 (8) No bonds, other debt obligations, or contracts of the authority shall be a26 charge upon the income, property, or revenue of the city, nor shall any obligations27 of the authority be the obligations of the city.28 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 15 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (9) Any bonds issued by the authority shall be subject to the Bond Validation1 Law (R.S. 13:5121), pursuant to which the issuance of the bonds may be submitted2 to the courts for validation.3 J.(1) The exercise by the board of the powers conferred by virtue of this4 Chapter shall be deemed and held to be an essential governmental function of the5 state and parish. As the exercise of the powers granted by this Chapter will be in all6 respects for the benefit of the people of the state and city, for the increase of their7 commerce and prosperity, and for the improvement of their health and living8 conditions, the authority shall not be required to pay any taxes, including but not9 limited to sales and use taxes, ad valorem, occupational licensing, income, or any10 other taxes of any kind or nature, or fees or assessments upon any property held,11 acquired, or used by the authority under the provisions of this Chapter, or upon the12 income therefrom. Any bonds, certificates, or other evidences of indebtedness issued13 by the authority and the income therefrom shall be exempt from taxation by the state14 and by any parish, municipality, or other political subdivision of the state. The15 authority shall not be deemed to be a public utility and shall not be subject in any16 respect to the authority, control, regulation, or supervision of the Louisiana Public17 Service Commission.18 (2) All property of the authority, including funds owned or held by it for the19 purpose of this Chapter, shall be exempt from levy and sale by virtue of an20 execution, and no execution or other judicial process shall issue against the same, nor21 shall judgment against the city or authority be a charge or lien upon such property;22 however, the provisions of this Subsection shall not apply to or limit the right of23 obligees to pursue any remedies for the enforcement of any pledge or lien given24 pursuant to this Chapter by the authority on its rents, fees, grants, or revenues.25 K.(1) The authority may purchase adjudicated properties within its territorial26 jurisdiction from any political subdivision of the state of Louisiana. No such27 purchase shall be construed to or otherwise have the effect of extending or28 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 16 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. suspending the period prescribed by law for the redemption of the property by the1 tax debtor or any other person.2 (2) In addition to the authority set forth in Subpart B of Part IV of Chapter3 5 of Subtitle III of Title 47 of the Louisiana Revised Statutes of 1950, such purchases4 by the authority may be by a direct negotiated purchase and sale agreement between5 the authority and a political subdivision without any other requirement of a public6 sale prior to the transfer of such properties to the authority. Such purchases by the7 authority shall not be considered the sale of surplus property or of property owned8 by the political subdivision.9 (3) Effective upon the recordation of the transfer of an adjudicated property10 to the authority pursuant to a purchase and sale agreement, the rights of the authority11 in and to such property shall be the rights of a purchaser at a tax sale as contemplated12 by Chapter 5 of Subtitle III of Title 47 of the Louisiana Revised Statutes of 1950,13 subject only to the rights of redemption of the property set forth in Article VII,14 Section 25(B) of the Constitution of Louisiana, and the property shall no longer be15 deemed to be adjudicated property as of such recordation. For purposes of the right16 of redemption in Article VII, Section 25(B) of the Constitution of Louisiana, the17 three-year period commences on the date of the recordation of the initial adjudication18 to the political subdivision and not on the date of transfer to the authority.19 (4) Any such purchase and sale agreement shall set forth the total20 consideration to be paid by the authority and the method and timing of payment of21 such consideration by the authority.22 (5) The state and any political subdivision with liens on the property may,23 pursuant to intergovernmental agreements with the authority, cancel such liens24 contemporaneously with or subject to the transfer of the property to the authority.25 (6)(a) The authority shall have the right, subject to the provisions of this26 Section, to purchase properties at tax sales conducted in accordance with R.S.27 47:2155 and 2156, and any and all such purchases shall be a purchase pursuant to28 R.S. 47:2155 and 2156 and not an adjudication to a political subdivision.29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 17 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (b) A bid by the authority at a tax sale for the minimum amount shall take1 priority over all other bids for the same quantity of property, except for a higher bid2 submitted by a conventional mortgage holder holding a mortgage on the subject3 property.4 L.(1) The authority shall have the power to create and execute5 redevelopment or development plans for specified areas within its territorial6 jurisdiction. The implementation of all such plans shall not proceed until, to the7 extent required by law, the authority has obtained the approval of the local planning8 commission or zoning board. In the execution of such a redevelopment plan, the9 authority shall have the powers provided in this Subsection. The fact that a certain10 power is expressed or implied in this Paragraph as pertinent to the authority's11 execution of a redevelopment plan shall not suggest or imply that such power is12 otherwise denied to the authority.13 (2) A redevelopment plan shall include a definition of the redevelopment14 area. This area, or any part thereof, may be further designated as a subdistrict of the15 authority.16 (3) The authority may sell, lease, exchange, or otherwise transfer immovable17 property or any interest therein acquired by it for residential, recreational,18 commercial, industrial, or other uses or for public use, subject to such covenants,19 conditions, and restrictions, including covenants running with the land, as it may20 deem to be necessary or desirable to assist in carrying out the purposes of this21 Chapter. The purchasers or lessees and their successors and assigns shall be22 obligated to devote such immovable property only to the uses as the authority may23 determine to be in the public interest, including the obligation to begin within a24 reasonable time any improvements on such immovable property. Such immovable25 property or interest shall be sold, leased, exchanged, or otherwise transferred at not26 less than its fair market value for uses in accordance with the redevelopment or27 development plan. In determining the fair market value of immovable property for28 uses in accordance with the redevelopment or development plans, the authority shall29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 18 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. take into account and give consideration to the use provided in such plan; the1 restrictions upon and the covenants, conditions, and obligations assumed by the2 purchaser or lessee; and the objectives of such plan. The authority, in any instrument3 of conveyance to a private purchaser or lessee, may provide that such purchaser or4 lessee shall be without power to sell, lease, exchange, or otherwise transfer the5 immovable property without the prior written consent of the authority until such6 purchaser or lessee has completed the construction of any and all improvements7 which he has obligated himself to construct thereon. Immovable property acquired8 in accordance with the provisions of the plan shall be transferred as rapidly as9 feasible in the public interest, consistent with the carrying out of the provisions of10 the project plan. Such plan and any substantial modification of such plan shall be11 filed as a public record in the office of the clerk of the city, and any conveyances,12 encumbrances, or other contracts may incorporate the provisions thereof by reference13 which shall afford notice thereof to all parties.14 (4) The authority may dispose of, sell, exchange, or lease immovable15 property in a redevelopment area to any private person for the fair market value of16 the property as determined by a certified and competent appraiser, or to any private17 person pursuant to reasonable competitive bidding procedures as it shall prescribe18 subject to the provisions set forth in this Paragraph. Such reasonable bidding19 procedures must include public notice, by publication once each week for two20 consecutive weeks in a newspaper having a general circulation in the district,21 inviting proposals from and making available all pertinent information to private22 redevelopers or any persons interested in undertaking to redevelop or rehabilitate a23 redevelopment area or any part thereof. Such notice shall identify the area, or24 portion thereof, and shall state that proposals shall be made in writing by those in25 interest within thirty days after publication of such notice, and that such further26 information as is available may be obtained at such office as shall be designated in27 the notice. The board shall consider all such redevelopment or rehabilitation28 proposals and the financial and legal ability of the persons making such proposals29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 19 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. to carry them out, and may negotiate with any persons for proposals for the purchase,1 lease, or other transfer of any immovable property acquired by the authority in the2 redevelopment area. The board may accept such proposal as it deems to be in the3 public interest and in furtherance of the purposes of this Chapter. Such notice, and4 all contracts to sell, lease, exchange, or otherwise transfer immovable property under5 the provisions of this Chapter, shall be a public record and shall include the name of6 the redeveloper or purchaser, together with the names of its officers and principal7 members or shareholders and investors and other interested parties, the redeveloper's8 estimate of the cost of any residential development and rehabilitations, and the9 redeveloper's estimate of rentals and sales prices of any proposed housing involved10 in such redevelopment and rehabilitation. Thereafter, the board may execute such11 contract in accordance with the provisions of this Chapter and deliver acts of sale,12 leases, and other instruments and take all steps necessary to effectuate such contract.13 (5) The authority may temporarily operate, maintain, or lease real property14 acquired by it in a redevelopment area for or in connection with a redevelopment15 project pending disposition of the property as authorized in this Chapter for such16 uses and purposes as may be deemed desirable even though not in connection with17 the redevelopment plan.18 (6) Any real property within a redevelopment area acquired pursuant to19 Subsection K of this Section may be disposed of without regard to the other20 provisions of this Chapter. Real property acquired in accordance with the21 redevelopment plan may be disposed of to a public body for public reuse without22 regard to the provisions of this Subsection.23 (7) Notwithstanding any other provisions of this Chapter where an area in24 the city is designated as a redevelopment area under the Federal Area25 Redevelopment Act (Public Law 87-27), or any Act supplementary thereto, land in26 a redevelopment project area designated under the redevelopment plan for industrial27 or commercial uses may be disposed of to any public body or nonprofit corporation28 for subsequent disposition as promptly as practical by the public body or corporation29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 20 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. for redevelopment in accordance with the redevelopment plan, and only the1 purchaser from or lessee of the public body or corporation, and their assignees, shall2 be required to assume the obligation of beginning the building of improvements3 within a reasonable time. Any disposition of land to a public body or corporation4 under this Paragraph shall be at its fair market value for uses in accordance with the5 redevelopment plan.6 M.(1) The authority may, in the implementation of a redevelopment plan,7 create one or more subdistricts to conduct, oversee, or assist in the implementation8 of such redevelopment plan. The boundaries of such a subdistrict may include all9 or part of the redevelopment area. Such a subdistrict shall have and exercise such10 powers and responsibilities as the authority shall specify in the enabling resolution.11 The full extent of such powers and responsibilities may include such powers as the12 authority itself may exercise, and such other powers as are given to the subdistrict13 by this Paragraph or any other law, but any exercise of such powers by the subdistrict14 shall be confined solely to the geographical limits of the subdistrict. Such a15 subdistrict may be established to exist at the pleasure of the authority, or for any16 period of time, or until the happening of any occurrence or occurrences that the17 authority may specify.18 (2) The creation of a subdistrict shall in no instance result in the detachment,19 severance, or loss of any power or responsibility granted to the authority by this20 Chapter, and within the confines of any subdistrict, the authority shall have full21 jurisdiction, concurrent with that of the subdistrict, to exercise said powers and22 responsibilities. The fact that a certain power is expressed or implied in this23 Paragraph as pertinent to a subdistrict's conduct, overseeing, or assistance in the24 implementation of the redevelopment plan shall not suggest or imply that such power25 is otherwise denied to the authority; however, the authority and its subdistricts shall26 not, collectively, have any greater power to tax than that granted, in the first instance,27 to the authority alone.28 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 21 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (3) Unless otherwise specified in the resolution or other formal act creating1 the subdistrict, the board members of the authority shall constitute the governing2 authority of the subdistrict.3 (4) Unless otherwise specified in the resolution or other formal act creating4 the subdistrict, the subdistrict shall be a distinct and separate juridical entity, and the5 rights, interests, and liabilities of the subdistrict shall not under any circumstances6 be considered those of the authority.7 (5)(a) In addition to the other powers it may be granted, a subdistrict may8 enjoy, within its geographical boundaries, the powers of tax increment financing, the9 issuance of revenue bonds, and those other powers that may be exercised by an10 economic development district created by a local governmental subdivision pursuant11 to R.S. 33:9038.32; however, the subdistrict shall remain subject to all limitations12 and reservations applicable to the powers of the authority.13 (b) Prior to the dedication of any state sales tax increments to be used for an14 authorized purpose of a subdistrict, the secretary of the Department of Economic15 Development shall submit the proposal to the Joint Legislative Committee on the16 Budget for approval. The submittal shall also include a written evaluation and17 determination by the department, with input from and certification by the18 Department of Revenue, of the anticipated increase in state sales tax revenues to be19 collected within the state over state sales tax revenues that were collected within the20 state in the year immediately prior to the year in which the proposal is submitted to21 the committee that would be a direct result of the proposal. In addition, any22 cooperative endeavor agreement or other agreement providing for the expenditure23 of funds collected by the state as state sales tax increments and dedicated to a project24 or for the payment of revenue bonds therefor shall be subject to approval by the State25 Bond Commission prior to execution by the state.26 N. All banks, trust companies, bankers, savings banks and institutions,27 building and loan associations, savings and loan associations, investment companies,28 and other persons carrying on a banking or investment business; all insurance29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 22 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. companies, insurance associations, and other persons carrying on an insurance1 business; and all executors, administrators, curators, trustees, and other fiduciaries2 may legally invest any sinking funds, monies, or other funds belonging to them or3 within their control in any bonds or other obligations issued by the authority pursuant4 to this Chapter. Bonds and other obligations shall be authorized security for all5 public deposits. It is the purpose of this Subsection to authorize any public or private6 persons, political subdivisions, and officers, public or private, to use any funds7 owned or controlled by them for the purchase of any bonds or other obligations.8 Nothing contained in this Subsection with regard to legal investments shall be9 construed as relieving any persons of any duty of exercising reasonable care in10 selecting securities.11 O. For the purpose of aiding in the planning, undertaking, or carrying out of12 a redevelopment or development project and related activities authorized by this13 Chapter, any public body may, upon such terms, with or without consideration as it14 may determine:15 (1) Dedicate, sell, convey, or lease any of its interest in any property or grant16 easements, licenses, or other rights or privileges therein to the authority.17 (2) Incur the entire expense of any public improvements made by such18 public body.19 (3) Do any and all things necessary to aid or cooperate in the planning or20 carrying out of a redevelopment plan and related activities.21 (4) Lend, grant, or contribute funds to the authority in accordance with an22 appropriate cooperative endeavor agreement and borrow money and apply for and23 accept advances, loans, grants, contributions, and any other form of financial24 assistance from the federal government, the state, parish, or other public body, or25 from any other source.26 (5) Enter into agreements which may extend over any period,27 notwithstanding any provision or rule of law to the contrary, with the federal28 government or other public body respecting action to be taken pursuant to any of the29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 23 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. powers granted by this Chapter, including the furnishing of funds or other assistance1 in connection with a redevelopment project and related activities.2 (6) Cause public buildings and public facilities, including parks,3 playgrounds, recreational, community, educational, water, sewer, or drainage4 facilities, or any other works which it is otherwise empowered to undertake to be5 furnished; furnish, dedicate, close, vacate, pave, install, grade, regrade, plan, or6 replan streets, roads, sidewalks, ways, or other places; plan or replan, zone or rezone,7 or make exceptions from building regulations.8 P. Any instrument executed, in proper form and with proper certification of9 authority, by the authority purporting to convey any right, title, or interest in any10 property under this Chapter shall be conclusively presumed to have been executed11 in compliance with provisions of this Chapter insofar as title or other interest of any12 bona fide purchasers, lessees, or transferees of the property is concerned.13 Q. As used in this Chapter, the following terms shall have the meaning14 herein ascribed to them.15 (1) "Bonds" means any bonds, notes, interim certificates, certificates of16 indebtedness, debenture, or other obligation.17 (2) "Federal government" means any department, agency, or instrumentality,18 corporate or otherwise, of the United States of America.19 (3) "Owners of a property interest" means anyone with an interest in20 immovable property filed for record in the conveyance records or mortgage records21 of the clerk of court and ex officio recorder of mortgages for the parish of Iberia22 where the property is located, including a naked owner, a usufructuary, a mortgagee,23 a judgment creditor, or a holder of a personal or predial servitude.24 (4) "Public body" means the state and any parish and any board, authority,25 agency, district, subdivision, department, or instrumentality, corporate or otherwise,26 of the state or any parish.27 (5) "Real property" or "immovable property" means any and all right, title,28 and interest in a tract of land, including its component parts and liens.29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 24 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. R. Insofar as the provisions of this Chapter are inconsistent with the1 provisions of any other law, the provisions of this Chapter shall be controlling;2 however, the authority shall be subject to the provisions of the Local Government3 Fair Competition Act, R.S. 45:844.41 et seq. The authority conferred by this Chapter4 shall be in addition and supplemental to the powers conferred by any other law.5 S.(1) In addition to other powers granted to the authority pursuant to this6 Chapter, the authority may initiate an expedited quiet title and foreclosure action7 under this Subsection to quiet title to immovable property held by the authority,8 interests in property purchased by the authority at tax sales, or in formerly9 adjudicated properties acquired by the authority from a political subdivision, by10 recording with the conveyance records of the clerk of court and ex officio recorder11 of mortgages a notice of pending expedited quiet title and foreclosure action. The12 notice shall include a legal description of the property; the street address of the13 property if available; the name, address, and telephone number of the authority; a14 statement that the property is subject to expedited quiet title proceedings and15 foreclosure under this Subsection; and a statement that any legal interests in the16 property may be extinguished by a district court order vesting title to the property in17 the authority. The right of redemption from tax sales in Article VII, Section 25(B)18 of the Constitution of Louisiana shall be terminated by these proceedings only if the19 time period for expiration of the right of redemption has expired. If a notice is20 recorded in error, the authority may correct the error by recording a certificate of21 correction with the register of conveyances. A notice or certificate under this22 Subsection need not be notarized and may be authenticated by a digital signature or23 other electronic means. If the authority has reason to believe that a property subject24 to an expedited quiet title and foreclosure action under this Subsection may be the25 site of environmental contamination, the authority shall provide the Department of26 Environmental Quality with any information in the possession of the authority that27 suggests the property may be the site of environmental contamination.28 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 25 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (2) After recording the notice under Paragraph (1) of this Subsection, the1 authority shall initiate a search of records identified in this Paragraph to identify the2 owners of a property interest in the property who are entitled to notice of the quiet3 title and foreclosure hearing under this Subsection. The authority may enter into a4 contract with or may request from one or more authorized representatives a title5 search or other title product to identify the owners of a property interest in the6 property as required under this Paragraph or to perform the other functions set forth7 in this Subsection required for the quieting of title to property. The owner of a8 property interest is entitled to notice under this Subsection if that owner's interest9 was identifiable by reference to any of the following sources before the date that the10 authority records the notice under Paragraph (1) of this Subsection:11 (a) Land title records in the office of the recorder of mortgages and the12 register of conveyances.13 (b) Tax records in the office of the assessor.14 (3) The authority may file a single petition with the district court to expedite15 foreclosure under this Subsection listing all property subject to expedited foreclosure16 by the authority and for which the authority seeks to quiet title. If available to the17 authority, the list of properties shall include a legal description of, a tax parcel18 identification number for, and the street address of each parcel of property. The19 petition shall seek a judgment in favor of the authority against each property listed20 and shall include a date, within ninety days of filing, on which the authority requests21 a hearing on the petition. The petition shall request that a judgment be entered22 vesting absolute title in the authority, without right of redemption for each parcel of23 property listed, as provided in this Paragraph. Prior to the entry of judgment under24 this Paragraph, the authority may request the court to remove property erroneously25 included in the petition or any tax delinquent properties redeemed prior to the26 hearing.27 (4) The district court in which a petition is filed under Paragraph (3) of this28 Subsection shall immediately set the date, time, and place for a hearing on the29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 26 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. petition for foreclosure. The date shall be set by the court and shall not be more than1 ten days after the date requested by the authority in the petition. In no event may the2 court schedule the hearing later than ninety days after the filing of a petition by the3 authority under Paragraph (3) of this Subsection.4 (5) After completing the records search under Paragraph (2) of this5 Subsection, the authority shall determine the address or addresses reasonably6 calculated to inform those owners of a property interest in property subject to7 expedited foreclosure under this Subsection of the pendency of the quiet title and8 foreclosure hearing under Paragraph (11) of this Subsection. If, after conducting the9 title search, the authority is unable to determine an address reasonably calculated to10 inform persons with a property interest in property subject to expedited tax11 foreclosure, or if the authority discovers a deficiency in notice under this Subsection,12 the following shall be considered reasonable steps by the authority to ascertain the13 addresses of persons with a property interest in the property subject to expedited14 foreclosure or to ascertain an address necessary to correct a deficiency in notice15 under this Subsection:16 (a) For an individual, a search of records of the recorder of mortgages and17 the register of conveyances.18 (b) For a business entity, a search of business entity records filed with the19 commercial division of the Department of State.20 (c) For a state or federal chartered depositary financial institution, a search21 of entity records filed with the Louisiana Office of Financial Institutions or with the22 Federal Deposit Insurance Corporation (FDIC).23 (6) Not less than thirty days before the quiet title and foreclosure hearing24 under Paragraph (11) of this Subsection, the authority shall send notice by certified25 mail, return receipt requested, of the hearing to the persons identified under26 Paragraph (2) of this Subsection who have a property interest in property subject to27 expedited foreclosure. The authority shall also send a notice via regular mail28 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 27 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. addressed to the "Occupant" for each property subject to expedited foreclosure if an1 address for the property is ascertainable.2 (7) Not less than thirty days before the quiet title and foreclosure hearing3 under Paragraph (11) of this Subsection, the authority or its authorized representative4 or authorized agent shall visit each parcel of property subject to expedited5 foreclosure and post on the property conspicuous notice of the hearing. In addition6 to the requirements of Paragraph (8) of this Subsection, the notice shall also include7 the following statement: "This Property has been transferred to the Jeanerette8 Redevelopment Authority and is subject to an expedited quiet title and foreclosure9 action. Persons with information regarding the prior owner of the property are10 requested to contact the Jeanerette Redevelopment Authority".11 (8) The notices required under Paragraphs (6) and (7) of this Subsection shall12 include:13 (a) The date on which the authority recorded, under Paragraph (1) of this14 Subsection, notice of the pending expedited quiet title and foreclosure action.15 (b) A statement that a person with a property interest in the property may16 lose his interest as a result of the quiet title and foreclosure hearing under Paragraph17 (11) of this Subsection.18 (c) A legal description, parcel number of the property, and the street address19 of the property, if available.20 (d) The person to whom the notice is addressed.21 (e) The date and time of the hearing on the petition for foreclosure under22 Paragraph (1) of this Subsection, and a statement that the judgment of the court may23 result in title to the property vesting in the authority.24 (f) An explanation of any rights of redemption and notice that the judgment25 of the court may extinguish any ownership interest in or right to redeem the property.26 (g) The name, address, and telephone number of the authority.27 (h) A statement that persons with information regarding the owner or prior28 owner of any of the properties are requested to contact the authority.29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 28 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (9) If the authority is unable to ascertain the address reasonably calculated1 to inform the owners of a property interest entitled to notice under this Section, or2 is unable to provide notice under Paragraphs (6) and (7) of this Subsection, the3 authority shall provide notice by publication. Prior to the hearing, a notice shall be4 published for three successive weeks, once each week, in a newspaper published and5 circulated in the city. The published notice shall include all of the following:6 (a) A legal description, parcel number of the property, and the street address7 of the property, if available.8 (b) The name of any person not notified under Paragraphs (6) and (7) of this9 Subsection that the authority reasonably believes may be entitled to notice under this10 Section of the quiet title and foreclosure hearing under Paragraph (11) of this11 Subsection.12 (c) A statement that a person with a property interest in the property may13 lose his interest as a result of the foreclosure proceeding under Paragraph (11) of this14 Subsection.15 (d) The date and time of the hearing on the petition for foreclosure under16 Paragraph (11) of this Subsection.17 (e) A statement that the judgment of the court may result in title to the18 property vesting in the authority.19 (f) An explanation of any rights of redemption and notice that judgment of20 the court may extinguish any ownership interest in or right to redeem the property.21 (g) The name, address, and telephone number of the authority.22 (h) A statement that persons with information regarding the owner or prior23 owner of any of the properties are requested to contact the authority.24 (10) If prior to the quiet title and foreclosure hearing under Paragraph (11)25 of this Subsection, the authority discovers any deficiency in the provision of notice26 under this Subsection, the authority shall take reasonable steps in good faith to27 correct the deficiency before the hearing. The provisions of this Subsection relating28 to notice of the quiet title and foreclosure hearing are exclusive and exhaustive.29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 29 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Other requirements relating to notice and proof of service under other law, rule, or1 other legal requirement are not applicable to notice or proof of service under this2 Subsection.3 (11) If a petition for expedited quiet title and foreclosure is filed under4 Paragraph (3) of this Subsection, before the hearing, the authority shall file with the5 clerk of the district court proof of notice by certified mail under Paragraph (6) of this6 Subsection, proof of notice by posting on the property under Paragraph (7) of this7 Subsection, and proof of notice by publication, if applicable. A person claiming an8 interest in a parcel of property set forth in the petition for foreclosure, including a9 current holder of a conventional mortgage, who desires to contest that petition shall10 file written objections with the clerk of the district court and serve those objections11 on the authority before the date of the hearing. The district court may appoint and12 utilize as the court considers necessary a curator for assistance with the resolution13 of any objections to the foreclosure or questions regarding the title to property14 subject to foreclosure. If the court withholds property from foreclosure, the15 authority's ability to include the property in a subsequent petition for expedited quiet16 title and foreclosure is not prejudiced. No injunction shall issue to stay an expedited17 quiet title and foreclosure action under this Subsection. The district court shall enter18 judgment on a petition to quiet title and foreclosure filed under Paragraph (3) of this19 Subsection not more than ten days after the conclusion of the hearing or contested20 case, and the judgment shall become effective ten days after the conclusion of the21 hearing or contested case. The district court's judgment shall specify all of the22 following:23 (a) The legal description and, if known, the street address of the property24 foreclosed.25 (b) That title to property foreclosed by the judgment is vested absolutely in26 the authority, except as otherwise provided in this Subsection, without any further27 rights of redemption.28 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 30 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (c) That all liens against the property, including any lien for unpaid taxes or1 special assessments, are extinguished.2 (d) That, except as otherwise provided in Subparagraph (e) of this Paragraph,3 the authority has good and marketable title to the property.4 (e) That all existing recorded and unrecorded interests in that property are5 extinguished, except a visible or recorded easement or right-of-way or private deed6 restrictions.7 (f) A finding that all persons entitled to notice and an opportunity to be heard8 have been provided that notice and opportunity. A person shall be deemed to have9 been provided notice and an opportunity to be heard if the authority followed the10 procedures for provision of notice by mail, by visits to property subject to expedited11 quiet title and foreclosure, and by publication under this Subsection, or if one or12 more of the following apply:13 (i) The person had constructive notice of the hearing by acquiring an interest14 in the property after the date of the recording, under Paragraph (1) of this Subsection,15 of the notice of pending expedited quiet title and foreclosure action.16 (ii) The person appeared at the hearing or submitted written objections to the17 district court under this Subsection prior to the hearing.18 (iii) Prior to the hearing under this Paragraph, the person had actual notice19 of the hearing.20 (12) Except as otherwise provided in Subparagraph (11)(e) of this21 Subsection, title to property set forth in a petition for foreclosure filed under22 Paragraph (3) of this Subsection shall vest absolutely in the authority upon the23 effective date of the judgment by the district court, and the authority shall have24 absolute title to the property. The authority's title shall not be subject to any25 recorded or unrecorded lien, except as provided in Paragraph (11) of this Subsection,26 and shall not be stayed or held invalid, except as provided in Paragraph (13) of this27 Subsection. A judgment entered under this Subsection is a final order with respect28 to the property affected by the judgment and shall not be modified, stayed, or held29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 31 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. invalid after the effective date of the judgment, except as provided in Paragraph (13)1 of this Subsection.2 (13) The authority or a person claiming to have a property interest under3 Paragraph (2) of this Subsection in property foreclosed under this Subsection may,4 within twenty-one days of the effective date of the judgment under Paragraph (11)5 of this Subsection, appeal the district court's order or the district court's judgment6 foreclosing property to the court of appeals. The appeal of the judgment shall be7 entitled to preference and priority and shall be handled on an expedited basis by the8 court of appeal and, if applicable, the Louisiana Supreme Court. In such cases, the9 record shall be prepared and filed within fifteen days of the granting of the order of10 appeal. The court of appeal shall hear the case within thirty days after the filing of11 the appellee's brief. An appeal under this Paragraph is limited to the record of the12 proceedings in the district court under this Subsection. The district court's judgment13 foreclosing property shall be stayed until the court of appeals has reversed, modified,14 or affirmed that judgment. If an appeal under this Paragraph stays the district court's15 judgment foreclosing property, the district court's judgment is stayed only as to the16 property that is the subject of that appeal, and the district court's judgment17 foreclosing other property that is not the subject of that appeal is not stayed. To18 appeal the district court's judgment foreclosing property, a person appealing the19 judgment shall pay to the authority any taxes, interest, penalties, and fees due on the20 property and provide notice of the appeal to the authority within twenty-one days21 after the district court's judgment becomes effective. If the district court's judgment22 foreclosing the property is affirmed on appeal, the amount determined to be due shall23 be refunded to the person who appealed the judgment. If the district court's24 judgment foreclosing the property is reversed or modified on appeal, the authority25 shall refund the amount determined to be due to the person who appealed the26 judgment, if any, and forward the balance to the appropriate taxing jurisdictions in27 accordance with the order of the court of appeals.28 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 32 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (14) The authority shall record a notice of judgment for each parcel of1 foreclosed property in the office of the register of conveyances. If the authority2 records a notice of judgment in error, the authority shall subsequently record a3 certificate of correction. A notice or certificate under this Paragraph need not be4 notarized and may be authenticated by a digital signature or other electronic means.5 After the entry of a judgment foreclosing the property under this Subsection, if the6 property has not been transferred by the authority, the authority shall cancel the7 foreclosure by recording with the register of conveyances a certificate of error, if the8 authority discovers any of the following:9 (a) The description of the property used in the expedited quiet title and10 foreclosure proceeding was so indefinite or erroneous that the foreclosure of the11 property was void.12 (b) An owner of an interest in the property entitled to notice of the expedited13 quiet title and proceedings against the property under this Subsection was not14 provided notice sufficient to satisfy the minimum due process requirements of the15 Constitution of Louisiana and the Constitution of the United States.16 (c) A judgment of foreclosure was entered under this Subsection in violation17 of a stay in a bankruptcy proceeding.18 (15) If a judgment of foreclosure is entered under Paragraph (11) of this19 Subsection, and all existing recorded and unrecorded interests in a parcel of property20 are extinguished as provided in Paragraph (11) of this Subsection, the owner of any21 extinguished recorded or unrecorded interest in that property who claims that he did22 not receive notice of the expedited quiet title and foreclosure action shall not bring23 an action for possession of the property against any subsequent owner but may bring24 an action only to recover monetary damages from the authority as provided in this25 Paragraph. The district court has original and exclusive jurisdiction in any action to26 recover monetary damages under this Paragraph. An action to recover monetary27 damages under this Paragraph shall not be brought more than two years after a28 judgment for foreclosure is entered under Paragraph (11) of this Subsection. Any29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 33 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. monetary damages recoverable under this Paragraph shall be determined as of the1 date a judgment for foreclosure is entered under Paragraph (11) of this Subsection2 and shall not exceed the fair market value of the interest in the property held by the3 person bringing the action under this Subsection on that date, less any taxes, interest,4 penalties, and fees owed on the property as of that date. The right to sue for5 monetary damages under this Paragraph shall not be transferable except by testate6 or intestate succession.7 (16) The owner of a property interest with notice of the quiet title and8 foreclosure hearing under Paragraph (11) of this Subsection may not assert any of9 the following:10 (a) That notice to the owner was insufficient or inadequate in any way11 because some other owner of a property interest in the property was not notified.12 (b) That any right to redeem tax reverted property was extended in any way13 because some other person was not notified.14 (17) A person holding or formerly holding an interest in tax reverted15 property subject to expedited foreclosure under this Subsection is barred from16 questioning the validity of the expedited foreclosure under this Subsection.17 (18) The failure of the authority to comply with any provision of this18 Subsection shall not invalidate any proceeding under this Subsection if a person with19 a property interest in property subject to foreclosure was accorded the minimum due20 process required under the Constitution of Louisiana and the Constitution of the21 United States.22 (19) It is the intent of the legislature that the provisions of this Subsection23 relating to the expedited quiet title and foreclosure of property by the authority24 satisfy the minimum requirements of due process required under the Constitution of25 Louisiana and the Constitution of the United States but that the provisions do not26 create new rights beyond those required under the Constitution of Louisiana or the27 Constitution of the United States. The failure of the authority to follow a28 requirement of this Section relating to the expedited quiet title and foreclosure of29 HLS 10RS-612 ORIGINAL HB NO. 1057 Page 34 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. property held by the authority shall not be construed to create a claim or cause of1 action against the authority unless the minimum requirements of due process2 accorded under the Constitution of Louisiana or the Constitution of the United States3 are violated.4 (20) As used in this Subsection, "authorized representative" includes one or5 more of the following:6 (a) A title insurance company or agent licensed to conduct business in this7 state.8 (b) An attorney licensed to practice law in this state.9 (c) A person accredited in land title search procedures by a nationally10 recognized organization in the field of land title searching.11 (d) A person with demonstrated experience in the field of searching land title12 records, as determined by the authority.13 (21) As used in this Subsection, "district court" shall mean the Sixteenth14 Judicial District Court.15 DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] Champagne HB No. 1057 Abstract: Creates the Jeanerette Redevelopment Authority to provide for the utilization of appropriate private and public resources to eliminate and prevent the development or spread of slum, blighted, and distressed areas. Defines the duties, liabilities, authority, and functions of such redevelopment authority, including the power to levy ad valorem taxes and sales and use taxes. Proposed law creates and provides for the Jeanerette Redevelopment Authority to provide for the utilization of appropriate private and public resources to eliminate and prevent the development or spread of slum, blighted, and distressed areas. Provides that the authority is a special district and political subdivision of the state. Provides that the authority shall be comprised of the territory in the city of Jeanerette. Provides that the authority shall be activated and implemented by the city governing authority recognizing and confirming the appointment of the initial five members of the board. Proposed law provides that the Jeanerette Redevelopment Authority shall be governed by a five-member board of commissioners, referred to as the "board" in proposed law, appointed as follows: (1)Two members appointed by the city council. HLS 10RS-612 ORIGINAL HB NO. 1057 Page 35 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (2)One member representing the Jeanerette Chamber of Commerce appointed by the governing board of such organization. (3)One member appointed by the governing board of Southern Mutual Help Association, Inc. (4)One member appointed by the governing board of the Iberia Economic Development Authority. Proposed law requires that all appointments be confirmed by the governing authority of the city of Jeanerette. Requires the appointing authority to present its initial appointees to the appropriate governing authority no later than Dec. 31, 2010. Provides that the governing authority shall have the right to confirm or reject the appointment. Provides that such confirmation or rejection shall be made in the manner and under the procedure prescribed by the governing authority. Provides that if the governing authority does not reject the appointment within 60 days after the presentation, then the appointment shall be deemed confirmed. Proposed law requires that each board member be a citizen of the U.S., a domiciliary of and a qualified voter in the city of Jeanerette for at least one year preceding the date of appointment, and shall remain a domiciliary of and a qualified voter of such jurisdiction during the entirety of the term of office. Additionally requires that each board member be of good character and possess some skill, knowledge, or experience that will prove useful in the accomplishment of the goals of the authority. Proposed law provides that each board member shall serve at the pleasure of the appropriate appointing authority for a term of four years, unless and until removed for cause by the board or removed for any reason by authorized action of the appointing authority. Provides that initial terms of the board members shall be provided in the bylaws of the authority. Proposed law requires members of the board to serve without compensation, but authorizes the board to reimburse any member for expenses actually incurred in the performance of duties on behalf of the authority. Proposed law provides that all actions of the board shall be approved by the affirmative vote of a majority of the members present and voting. Provides however, that no action of the board shall be authorized on the following matters unless approved by a majority of the total board membership: (1)Adoption of bylaws and other rules and regulations for conduct of the authority's business. (2)Hiring or firing of any employee or contractor of the authority. Provides that this function may by majority vote be delegated by the board to a specified officer or committee of the authority, under such terms and conditions, and to the extent, that the board may specify. (3)The incurring of debt. (4)Levy of taxes and call for any tax or other election. (5)Adoption or amendment of the annual budget. (6)Sale, lease, encumbrance, or alienation of real property, improvements, or personal property with an assessed value of more than $20,000. HLS 10RS-612 ORIGINAL HB NO. 1057 Page 36 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Proposed law provides that the authority, through the board, shall have all powers necessary or convenient to carry out its objectives and purposes, including but not limited to the following: (1)To sue and be sued and as such to stand in judgment. (2)To adopt, use, and alter at will a corporate seal. (3)To acquire, hold, and use any property. Provides that the authority shall not have any power to expropriate, except that power which is granted by the appropriate governing authority. (4)To convey to the U.S., the state, or to any political subdivision of the state any property or other thing of value for use by the governmental entity to accomplish the objectives and purposes of the authority, pursuant to the terms of any appropriate cooperative endeavor agreement. (5)To make and collect reasonable charges for the use of property of the authority and for services rendered by the authority and to regulate fees or rentals charged for use of privately owned facilities located on property owned or sold by the authority when such facilities are offered for use by the public or by a private industrial, commercial, research, or other economic development entity or activity. (6)To require and issue licenses. (7)To levy annually an ad valorem tax and sales and use tax subject to voter approval. (8)To borrow money and to pledge or grant a security device affecting all or part of its revenues, leases, rents, and other advantages as security for such loans. (9)To appoint officers, agents, and employees, prescribe their duties, and fix their compensation. Proposed law provides that the authority shall not be deemed to be an instrumentality of the state for purposes of the state civil service provisions of the state constitution. Proposed law authorizes the authority to incur debt and issue general obligation bonds under the authority of and subject to the provisions of state law for the acquisition and operation of authority property. Additionally authorizes the authority to issue any other bonds permitted by law, borrow money, and issue certificates of indebtedness, notes, and other debt obligations as evidence thereof and provide for the manner and method of repayment in accordance with law. Proposed law authorizes the authority to issue revenue bonds to finance the undertaking of a redevelopment project, or otherwise to acquire, purchase, lease, construct, or improve housing, residential development, subdivision development, commercial, research, industrial, or other plant sites and buildings, or other capital improvements. Authorizes the authority to enter into, amend, or terminate, as it determines to be necessary or appropriate, any ancillary contracts for certain purposes. Proposed law provides that the authority shall not be required to pay any taxes. Provides that any bonds, certificates, or other evidences of indebtedness issued by the authority and the income therefrom shall be exempt from taxation by the state and by any parish, municipality, or other political subdivision of the state. Proposed law authorizes the authority to purchase adjudicated properties within its jurisdiction from any political subdivision of the state. Provides that no such purchase shall HLS 10RS-612 ORIGINAL HB NO. 1057 Page 37 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. be construed to, or otherwise have the effect of, extending or suspending the period prescribed by law for the redemption of the property by the tax debtor or any other person. Proposed law provides that the authority shall have the power to create and execute redevelopment or development plans for specified areas within its jurisdiction. Provides that the implementation of all such plans shall not proceed until, to the extent required by law, the authority has obtained the approval of the local planning commission or zoning board. Provides that a redevelopment plan shall include a definition of the redevelopment area. Provides that the area, or any part thereof, may be further designated as a subdistrict of the authority. Proposed law authorizes the authority to sell, lease, or otherwise transfer immovable property or any interest therein acquired by it in redevelopment areas for residential, recreational, commercial, industrial, or other uses or for public use, in accordance with the redevelopment plan, subject to such covenants, conditions, and restrictions, including covenants running with the land, as it may deem to be necessary or desirable to assist in preventing the development or spread of future slums or blighted areas or to provide for the elimination thereof or to otherwise carry out the purposes of proposed law. Proposed law authorizes the authority to dispose of, sell, or lease immovable property in a redevelopment area to any private person for the fair market value of the property as determined by a certified and competent appraiser, or to any private person pursuant to reasonable competitive bidding procedures as it shall prescribe subject to the provisions of proposed law. Requires public notice of such bidding procedures. Proposed law authorizes the authority to temporarily operate, maintain, or lease real property acquired by it in a redevelopment area for or in connection with a redevelopment project pending disposition of the property for such uses and purposes as may be deemed desirable even though not in connection with the redevelopment plan. Proposed law provides that any real property within a redevelopment area may be disposed of without regard to the provisions of proposed law. Provides that real property acquired in accordance with a redevelopment plan may be disposed of to a public body for public reuse without regard to the provisions of proposed law. Proposed law provides that where an area in the city is designated as a redevelopment area under the Federal Area Redevelopment Act (Public Law 87-27), or any act supplementary thereto, land in a redevelopment project area designated under the redevelopment plan for industrial or commercial uses may be disposed of to any public body or nonprofit corporation for subsequent disposition as promptly as practical by the public body or corporation for redevelopment in accordance with the redevelopment plan. Proposed law authorizes the authority to, in the implementation of a redevelopment plan, create a subdistrict(s) to conduct, oversee, or assist in the implementation of such redevelopment plan. Provides that the boundaries of such a subdistrict may include all or part of the redevelopment area and provides that such a subdistrict shall have and exercise such powers and responsibilities as the authority shall specify in the enabling resolution. Provides that unless otherwise specified in the resolution or other formal act creating the subdistrict, the board members of the authority shall constitute the governing authority of the subdistrict. Proposed law provides that the creation of a subdistrict shall in no instance result in the detachment, severance, or loss of any power or responsibility granted to the authority by and within the confines of any subdistrict the authority shall have full jurisdiction, concurrent with that of the subdistrict, to exercise said powers and responsibilities. Further provides the restriction that the authority and any subdistricts it creates shall not collectively have any greater power to tax than that granted to the authority alone in present law. Provides that the board members of the authority shall be the governing authority of the subdistrict. HLS 10RS-612 ORIGINAL HB NO. 1057 Page 38 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Proposed law provides that in addition to the other powers it may be granted, a subdistrict may enjoy, within its geographical boundaries, the powers of tax increment financing, the issuance of revenue bonds, and those other powers that may be exercised by an economic development district created by a local governmental subdivision pursuant to present law (R.S. 33:9038.2). Proposed law provides that all banks, trust companies, bankers, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking or investment business; all insurance companies, insurance associations, and other persons carrying on an insurance business; and all executors, administrators, curators, trustees, and other fiduciaries may legally invest any sinking funds, monies, or other funds belonging to them or within their control in any bonds or other obligations issued by the authority. Proposed law provides that bonds and other obligations shall be authorized security for all public deposits. Provides that it is the purpose of proposed law to authorize any public or private persons, political subdivisions, and officers, public or private, to use any funds owned or controlled by them for the purchase of any bonds or other obligations. Provides that nothing contained in proposed law with regard to legal investments shall be construed as relieving any persons of any duty of exercising reasonable care in selecting securities. Proposed law provides that any instrument executed, in proper form and with proper certification of authority, by an authority purporting to convey any right, title, or interest in any property pursuant to proposed law shall be conclusively presumed to have been executed in compliance with provisions of proposed law insofar as title or other interest of any bona fide purchasers, lessees, or transferees of the property is concerned. Proposed law provides that insofar as the provisions of proposed law are inconsistent with the provisions of any other law, the provisions of proposed law shall be controlling. Provides however, that the authority shall be subject to the provisions of the Local Government Fair Competition Act, R.S. 45:844.41 et seq. Additionally provides that the authority conferred by proposed law shall be in addition and supplemental to the powers conferred by any other law. Proposed law further provides for an expedited procedure to enable the authority to more efficiently quiet title and initiate a foreclosure action regarding immovable property acquired by the authority. Proposed law requires the authority to file a notice with the clerk of court regarding the property for which it is attempting to quiet title. Requires that the notice include the legal description of the property, the street address of the property (if any), the name, address, and telephone number of the authority, a statement that the property is subject to expedited quiet title proceeding and foreclosure, and a statement that any legal interests in the property may be extinguished by a district court order vesting title to the property in the authority. Provides for additional procedures if there is a deficiency in the notice. Proposed law requires the authority, if it has reason to believe that a property subject to an expedited quiet title proceeding and foreclosure may be the site of environmental contamination, to provide the Dept. of Environmental Quality with any information in the possession of the authority that suggests such is the case. Proposed law requires the authority, after recording the notice, to initiate a records search in order to determine the owners who have any interest in the property subject to the expedited procedure. Authorizes the authority to enter into a contract with or request from one or more authorized representatives a title search or other title product to identify the owners of a property interest. Provides that the owner of a property interest is entitled to notice under proposed law if that owner's interest was identifiable by reference to any of the following sources before the date that the authority records the notice: HLS 10RS-612 ORIGINAL HB NO. 1057 Page 39 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (1)Land title records in the office of the recorder of mortgages and the register of conveyances. (2)Tax records in the office of the assessor. Proposed law authorizes the authority to file a single petition with the district court which lists all of the property subject to expedited foreclosure. Requires the authority to request a hearing on the petition within 90 days seeking a judgment in favor of the authority against each property, without the right of redemption. Requires the clerk of the district court to immediately set the date, time, and place for the hearing not more than 10 days after the date requested by the authority in the petition. Proposed law requires the authority to send notice of the hearing, not less than 30 days prior, by certified mail to any person identified as having an interest in the property subject to the expedited foreclosure proceeding. Requires the authority to also send notice via regular mail addressed to "Occupant" to each property subject to expedited foreclosure. Proposed law further requires the authority, or its authorized representative, to post a written notice on each property at least 30 days prior to the expedited foreclosure hearing. Requires that each notice include specified information. Proposed law requires the authority, if it is unable to provide the appropriate notice, to provide notice through publication for three consecutive weeks prior to the hearing on the matter in a newspaper published and circulated in the city of Jeanerette. Proposed law requires the authority to file proof of the notice required by proposed law, proof of notice by posting on the property, if applicable, and proof of notice by publication, if applicable, with the clerk of the district court prior to the hearing. Requires any person who has an interest in the property subject to the expedited foreclosure to file written objections with the clerk and serve those objections on the authority prior to the hearing. Proposed law requires the district court to enter judgment on the petition not more than 10 days following the conclusion of the hearing or contested case. Requires the judgment to specify certain information. Proposed law provides that except as otherwise provided in proposed law, title to property set forth in a petition for foreclosure shall vest absolutely in the authority upon the effective date of the judgment by the district court. Provides that the authority shall have absolute title to the property and the title is not subject to any recorded or unrecorded lien, except as otherwise provided in proposed law and shall not be stayed or held invalid except as otherwise provided in proposed law. Provides that a judgment is a final order with respect to the property affected by the judgment and shall not be modified, stayed, or held invalid after the effective date of the judgment, except as otherwise provided in proposed law. Proposed law provides that any person with an interest in the foreclosed property may appeal the district court's order or district court's judgment within 21 days following the effective date of the judgment. Provides that the appeal of the judgment shall be entitled to preference and priority and handled on an expedited basis by the court of appeal and, if applicable, the La. Supreme Court. Provides that in such cases, the record shall be prepared and filed within 15 days of the granting of the order of appeal. Requires the court of appeal to hear the case within 30 days after the filing of the appellee's brief. Further provides that an appeal is limited to the record of the proceedings in the district court. Provides that the district court's judgment foreclosing property shall be stayed until the court of appeals has reversed, modified, or affirmed that judgment. Proposed law provides that if an appeal stays the district court's judgment foreclosing property, the district court's judgment is stayed only as to the property that is the subject of that appeal. Provides that the district court's judgment foreclosing other property that is not HLS 10RS-612 ORIGINAL HB NO. 1057 Page 40 of 40 CODING: Words in struck through type are deletions from existing law; words underscored are additions. the subject of that appeal is not stayed. Requires a person appealing the judgment to pay to the authority any taxes, interest, penalties, and fees due on the property and to provide notice of the appeal to the authority within 21 days after the district court's judgment is effective. Provides that if the district court's judgment foreclosing the property is affirmed on appeal, the amount determined to be due shall be refunded to the person who appealed the judgment. Provides that if the district court's judgment foreclosing the property is reversed or modified on appeal, the authority shall refund the amount determined to be due to the person who appealed the judgment, if any, and forward the balance to the appropriate taxing jurisdictions in accordance with the order of the court of appeals. Proposed law provides that it is the intent of the legislature that the provisions of proposed law relating to the expedited quiet title and foreclosure of property by the authority satisfy the minimum requirements of due process required under the state constitution and the U.S. Constitution. Provides that the provisions do not create new rights beyond those required under the state constitution or the U.S. Constitution. Provides that the failure of the authority to follow a requirement of proposed law shall not be construed to create a claim or cause of action against the authority unless the minimum requirements of due process accorded under the state constitution or the U.S. Constitution are violated. (Adds R.S. 33:4720.201)