HLS 10RS-921 ORIGINAL Page 1 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Regular Session, 2010 HOUSE BILL NO. 1104 BY REPRESENTATIVE ROBIDEAUX PARISH/LAFAYETTE: Creates the Lafayette Parish Redevelopment Authority 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, to create the Lafayette Parish Redevelopment3 Authority; to provide for the formation of a program or programs in the parish of4 Lafayette for the use of appropriate private and public resources to eliminate and5 prevent the development or spread of slum, blighted, and distressed areas; to allow6 the rehabilitation, clearance, and redevelopment of slum, blighted, and distressed7 areas; to provide for the expeditious conversion of blighted or underused property8 into habitable residential dwellings in the parish of Lafayette; to define the duties,9 liabilities, authority, and functions of the redevelopment authority; to authorize10 public bodies to furnish funds, services, facilities, and property in aid of11 redevelopment projects; and to provide for related matters.12 Notice of intention to introduce this Act has been published13 as provided by Article III, Section 13 of the Constitution of14 Louisiana.15 Be it enacted by the Legislature of Louisiana:16 Section 1. Chapter 13-M of Title 33 of the Louisiana Revised Statutes of 1950,17 comprised of R.S. 33:4720.201, is hereby enacted to read as follows: 18 CHAPTER 13-M. LAFAYETTE PARISH REDEVELOPMENT AUTHORI TY19 ยง4720.201. Lafayette Parish Redevelopment Authority20 A. This Chapter may be referred to as the "Lafayette Parish Redevelopment21 Law".22 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 2 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. B. It is hereby found and declared that:1 (1) There exist in the parish of Lafayette areas which have become slums,2 blighted, and distressed because of the unsafe, unsanitary, inadequate, or3 overcrowded condition of the structures therein, or because of inadequate planning4 for the area, or because of physically or functionally obsolete structures, or because5 of excessive dwelling unit density, or because of the lack of proper light and air and6 open space, or because of faulty street or lot design, or inadequate public utilities, or7 community services, or because of failure to adequately maintain and repair8 structures, or because of the conversion to incompatible types of land usage, or9 because of environmental conditions and circumstances. Such conditions or a10 combination of some or all of them have and will continue to result in making such11 areas economic and social liabilities.12 (2) In the wake of Hurricane Katrina and Hurricane Rita, the resident13 population of the parish of Lafayette in particular has increased dramatically,14 creating an urgent and immediate need for affordable residential housing. Persons15 displaced by Hurricane Katrina and Hurricane Rita should be assisted, should they16 so desire, in obtaining long-term or permanent housing in the parish of Lafayette.17 (3) 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 parish revenues because of the extra services required20 for police, fire, accident, and other forms of public protection, services, and facilities.21 (4) 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 (5) The powers conferred by this Chapter are for public uses, purposes,25 welfare, and utility for which public money may be expended as necessary and in the26 public's interest. The provisions herein provided shall apply for residential,27 recreational, commercial, industrial, or other purposes and otherwise to encourage28 the provision of healthful homes, safe neighborhoods, a decent living environment,29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 3 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. and adequate places of employment for the people. Such purposes are hereby1 declared as a matter of legislative determination.2 (6) The object of this Chapter is to provide for the following:3 (a) A unified and comprehensive response to the housing shortages and other4 indirect effects of Hurricane Katrina and Hurricane Rita upon south central5 Louisiana.6 (b) The general and economic welfare of the parish through housing,7 commercial, office, hospitality, recreation, education, infrastructure and utility8 capacity, manufacturing, industrial, research, retail, or other activities which will9 create or retain jobs, maintain or diversify industry, including new or emerging10 technologies, or maintain or increase the tax base.11 (c) The improvement of conditions of deteriorated physical development,12 slow economic growth, and eroded financial health of the public and private sectors.13 (d) The control, abatement, and prevention of pollution to protect public14 health and safety, and the development and use of indigenous and renewable energy15 resources.16 (e) Assistance to nonprofit and governmental entities in support of health,17 educational, charitable, community, cultural, agricultural, consumer, or other18 services benefiting the citizens.19 C.(1) There is hereby created in the parish of Lafayette a body politic and20 corporate which shall exist in perpetuity and shall be known as the Lafayette Parish21 Redevelopment Authority, referred to in this Chapter as the "authority".22 (2) The authority shall be a special district created pursuant to Article VI,23 Section 19 of the Constitution of Louisiana and political subdivision of the state as24 defined in Article VI, Section 44 of the Constitution of Louisiana. The authority,25 acting through its governing board, is hereby granted all of the rights, powers,26 privileges, and immunities accorded by the laws and the Constitution of Louisiana27 to political subdivisions of the state, subject to the limitations provided in this28 Chapter.29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 4 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. D. The authority, for the purposes of this Chapter, may within its1 jurisdiction, formulate a workable program or programs for using appropriate private2 and public resources to eliminate and prevent the development or spread of slums3 and blight, to encourage needed rehabilitation, and to provide for the redevelopment4 of slum or blighted areas, or to undertake other feasible parochial activities as may5 be suitably employed to achieve the objectives of such workable program.6 E. The authority, to the greatest extent it determines to be feasible in carrying7 out the provisions of this Chapter, shall seek out cooperative endeavors, including8 partnerships, joint ventures, and equity participation structures, with nonprofit9 organizations and private enterprise. The authority shall give consideration to this10 objective in exercising the powers granted pursuant to this Chapter.11 F.(1) Lafayette Parish Redevelopment Authority shall be comprised of all12 of the territory located within the parish of Lafayette, including the territory13 comprising the municipalities of Broussard, Carencro, Duson, Scott and Youngsville,14 constituted on the effective date of this Chapter. However, the governing authority15 of each municipality may opt out of being included within the territorial jurisdiction16 of the authority.17 (2) The authority shall be activated and implemented by the appropriate18 governing authority recognizing and confirming the appointment of the initial five19 members of the board.20 G.(1) The Lafayette Parish Redevelopment Authority shall be governed by21 a board of commissioners, referred to in this Chapter as the "board", consisting of22 five members appointed as follows:23 (a) One member shall be appointed by the governing board of the24 Community Foundation of Acadiana.25 (b) One member shall be appointed by the governing board of the Greater26 Lafayette Chamber of Commerce.27 (c) Three members shall be appointed by the city-parish president of the28 Lafayette City-Parish Consolidated Government.29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 5 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (2) All appointments shall be confirmed by the appropriate governing1 authority.2 (3) The appointing authority shall present its appointees to the appropriate3 governing authority. Such presentations by the appointing authorities shall be in4 writing, shall be made at an official and open meeting of the appropriate governing5 authority, and shall include information sufficient to allow the appropriate governing6 authority to assess the qualifications and fitness of the appointee for his intended7 duties. Upon receipt of such presentation, the appropriate governing authority shall8 have the right to confirm or reject said appointment. Such confirmation or rejection9 shall be made in the manner and under the procedure prescribed by the governing10 authority. Regardless of the manner and procedure so employed, if the governing11 authority does not reject said appointment within sixty days after the presentation12 required by this Paragraph, then the appointment shall be deemed confirmed.13 (4) Each board member shall be a citizen of the United States, a domiciliary14 of and a qualified voter in the appropriate jurisdiction for at least one year preceding15 the date of appointment, and shall remain a domiciliary of and a qualified voter of16 such jurisdiction during the entirety of the term of office. Furthermore, each board17 member shall be of good character and shall possess some skill, knowledge, or18 experience that will prove useful in the accomplishment of the goals of the authority19 as set forth in Subsection B of this Section.20 (5) Each board member shall serve for a term of five years, unless removed21 for cause by the board, as provided in this Chapter, or removed for any reason by22 authorized action of the appointing authority.23 (6) The board shall establish rules and requirements relative to the24 attendance and participation of members in its meetings, regular or special. Such25 rules and regulations may prescribe a procedure whereby, should any member fail26 to comply with such rules and regulations, such member may be disqualified and27 removed automatically from office by no less than a majority vote of the remaining28 members of the board, and that member's position shall be vacant as of the first day29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 6 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. of the next calendar month. Any person removed under the provisions of this1 Paragraph shall be ineligible for reappointment to the board, unless such2 reappointment is confirmed unanimously by the board.3 (7) A vacancy on a board shall be filled in the same manner as the original4 appointment. In such cases a majority of the remaining board members may appoint5 an interim member to serve until a new member is confirmed.6 (8) Board members shall serve without compensation, shall have the power7 to organize and reorganize the executive, administrative, clerical, and other8 departments and forces of the authority and to fix the duties, powers, and9 compensation of all employees, agents, and consultants of the authority. The board10 may reimburse any member for expenses actually incurred in the performance of11 duties on behalf of the authority.12 (9) The board shall elect yearly from its number a chairman, a vice chairman,13 a secretary, and a treasurer and shall establish their duties as may be regulated by14 rules adopted by the board. The offices of secretary and treasurer may be held by the15 same person. The board may meet in regular session once each month and also shall16 meet in special session as convened by the chairman or upon written notice signed17 by three members. A majority of the members of the board, not including vacancies,18 shall constitute a quorum for the conduct of business.19 (10) All actions of a board shall be approved by the affirmative vote of a20 majority of the members of that board present and voting. However, no action of the21 board shall be authorized on the following matters unless approved by a majority of22 the total board membership:23 (a) Adoption of bylaws and other rules and regulations for conduct of the24 authority's business.25 (b) Hiring or firing of any employee or contractor of the authority. This26 function may by majority vote be delegated by the board to a specified officer or27 committee of the authority, under such terms and conditions, and to the extent, that28 the board may specify.29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 7 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (c) The incurring of debt.1 (d) Levy of taxes and call for any tax or other election.2 (e) Adoption or amendment of the annual budget.3 (f) Sale, lease, encumbrance, or alienation of real property, improvements,4 or personal property with a value of more than fifty thousand dollars.5 (11) Vote by proxy shall not be permitted. Any member may request a6 recorded vote on any resolution or action of the authority.7 (12) The board shall cause minutes and a record to be kept of all its8 proceedings. Except as otherwise provided in this Paragraph, the authority shall be9 subject to the Public Records Law (Chapter 1 of Title 44 of the Louisiana Revised10 Statutes of 1950), the Open Meetings Law (R.S. 42:4.1 et seq.), and the Code of11 Governmental Ethics (Chapter 15 of Title 42 of the Louisiana Revised Statutes of12 1950). Notwithstanding the provisions of R.S. 42:5, until thirty days prior to the date13 the board is scheduled to consummate a final sale or lease of any immovable14 property owned by the authority, the board may meet in executive session to discuss15 negotiations between the authority and any prospective seller, purchaser, lessor, or16 lessee of that property. R.S. 44:31 through 35 shall not apply to any records related17 to the negotiations of or to the terms of such a sale or lease until thirty days prior to18 the date the board is scheduled to consummate a final sale or lease. The board shall19 give written public notice of its intention to consummate a final sale or lease at least20 thirty days prior to the date on which the board intends to take such action. This21 notice shall comply with the procedural provisions of R.S. 42:7.22 H. The authority, through the board, shall have all powers necessary or23 convenient to carry out and effectuate the purposes and provisions of this Chapter,24 including but not limited to the following:25 (1) To sue and be sued and as such to stand in judgment.26 (2) To adopt, use, and alter at will a corporate seal.27 (3) To acquire by gift, grant, purchase, lease, or otherwise and to hold and28 use any property, real, personal, mixed, tangible, or intangible, or any interest29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 8 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. therein, necessary or desirable for carrying out the objects and purposes of the1 authority, and to engage in any action, such as the purchase of insurance, necessary2 or desirable for the maintenance or improvement of such property. The authority3 shall not have any power to expropriate, except that power which is granted by the4 appropriate governing authority.5 (4)(a) To sell, lease for a term of up to ninety-nine years, exchange, or6 otherwise dispose of or transfer to or with other political subdivisions of this state7 or public or private persons at public or private sale any residential, commercial,8 industrial, or subdivision land, property, improvements, or portions thereof,9 including real property, which is, in the opinion of the board, appropriate to10 accomplish the objectives and purposes of the authority.11 (b) Prior to any sale, lease, conveyance, disposition, or transfer of property12 pursuant to this Paragraph, the authority shall fix the price and terms of the sale,13 lease, exchange, or other contract to be made with reference to the property. Such14 sale, lease, conveyance, disposition, or transfer shall comply with the terms and15 provisions of this Chapter.16 (c) Any sale of industrial land, as defined by Chapter 8 of Title 51 of the17 Louisiana Revised Statutes and the statutes referenced therein, shall be in accordance18 with laws providing for the disposition or transfer of such land.19 (d) Other than the requirements of this Chapter, no other law limiting or20 regulating the form or manner of the sale, lease, conveyance, disposition, or transfer21 of property by public bodies, including without limitation R.S. 41:1338, shall apply22 to the sale, lease, conveyance, disposition, or transfer of property by the authority.23 All such sales, leases, conveyance, dispositions, or transfers of property remain24 subject to the limitations imposed by the Constitution of Louisiana.25 (5) To convey to the United States, the state, or to any political subdivision26 of the state any land, property, right-of-way, easement, servitude, or other thing of27 value, which the authority may own or acquire, for use by such governmental entity28 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 9 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. to accomplish the objectives and purposes of the authority, pursuant to the terms of1 any appropriate cooperative endeavor agreement.2 (6) To make and collect reasonable charges for the use of property of the3 authority and for services rendered by the authority and to regulate fees or rentals4 charged for use of privately owned facilities located on property owned or sold by5 the authority when such facilities are offered for use by the public or by a private6 industrial, commercial, research, or other economic development entity or activity.7 (7) To enter into contracts and agreements with public bodies or public8 and/or private entities to achieve the authority's objectives and purposes, including9 but not limited to contracts for professional, legal, and other services and for the10 purchase, lease, acquisition, sale, construction, operation, maintenance, marketing,11 and improvement of land, public works, and facilities, as the board may deem12 necessary or convenient to accomplish the objectives and purposes of the authority.13 (8) To plan, develop, regulate, operate, and maintain activities and planned14 land uses to foster creation of new jobs, economic development, industry, health15 care, general public and social welfare, commerce, manufacturing, tourism,16 relocation of people and businesses to the area, shipbuilding, aviation, military,17 warehousing, transportation, offices, recreation, housing development, and18 conservation.19 (9) To acquire land and improvements to construct, operate, and maintain20 facilities, improvements, and infrastructure, including buildings, roads, bridges,21 drainage, and utilities, and to perform other functions and activities on property22 owned or leased by the authority to accomplish the objectives and purposes of the23 authority. However, the authority is prohibited from constructing, operating, or24 maintaining any water, electric, or gas utility facilities which duplicate, curtail,25 impair, or directly compete with a regulated water, electric, or gas utility facility26 operating in or adjacent to the property owned or leased by the authority.27 (10) To require and issue licenses.28 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 10 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (11) To levy annually and cause to be collected ad valorem taxes, provided1 that the amount, term, and purpose of such taxes, as set out in propositions submitted2 to a vote in accordance with the Louisiana Election Code, shall be approved by a3 majority of the qualified electors of the parish voting in an election held for that4 purpose.5 (12)(a) To levy and collect sales and use taxes within the boundaries of the6 authority for such purposes and at such rate as provided by the propositions7 authorizing their levy, not to exceed in aggregate one percent, which taxes may not8 exceed the limitation set forth in the Constitution of Louisiana, provided the9 proposition submitted to a vote in accordance with the Louisiana Election Code shall10 be approved by a majority of the qualified electors of the parish voting in an election11 held for that purpose. In submitting a sales tax proposition to a vote, the board may12 enter into a cooperative endeavor agreement with the parish governing authority13 providing for the sales tax to be divided into parts between the parish and the14 authority for such purposes and in such amounts as may be set forth in the15 proposition.16 (b) The tax shall be levied upon the sale at retail, the use, the lease or rental,17 the consumption, the distribution, and storage for use or consumption of tangible18 personal property, and upon the sales of services within the parish, all as defined in19 R.S. 47:301 et seq.20 (c) Except where inapplicable, the procedure established by R.S. 47:301 et21 seq. shall be followed in the imposition, collection, and enforcement of the tax, and22 procedural details necessary to supplement those Sections and to make them23 applicable to the tax herein authorized shall be fixed in the resolution imposing the24 tax.25 (d) The tax shall be imposed and collected uniformly throughout the parish.26 (e) Any tax levied under this Paragraph shall be in addition to all other taxes27 which the parish or any other political subdivision within the parish is now or28 hereafter authorized to levy and collect.29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 11 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (13) To develop, activate, construct, exchange, acquire, improve, repair,1 operate, maintain, lease, mortgage, sell, and grant a security device affecting the2 movable and immovable property, servitudes, facilities, and works within the parish3 under such terms and conditions as the board may deem necessary or appropriate for4 any public purpose, including industrial, residential, subdivision, and commercial5 development.6 (14) To borrow money and to pledge or grant a security device affecting all7 or part of its revenues, leases, rents, and other advantages as security for such loans.8 (15) To appoint officers, agents, and employees, prescribe their duties, and9 fix their compensation.10 (16) To undertake and carry out redevelopment projects and related11 activities.12 (17) To apply for and accept advances, leases, grants, contributions, and any13 other form of financial assistance from the federal government, the state, parish, or14 other public bodies, or from any sources, public or private, for the purposes of this15 Chapter, and to give such security as may be required and to enter into and carry out16 contracts or agreements in connection therewith; and to include in any contract for17 financial assistance with the federal government such conditions imposed pursuant18 to federal laws as the board may deem reasonable and appropriate and which are not19 inconsistent with the purposes of this Chapter.20 (18) To make or have made all surveys and plans necessary to the carrying21 out of the purposes of this Chapter and to adopt or approve, modify, and amend such22 plans, which plans may include but are not limited to:23 (a) Plans for carrying out a program of voluntary or compulsory repair and24 rehabilitation of buildings and improvements.25 (b) Plans for the enforcement of state and local laws, codes, and regulations26 relating to the use of land and the use and occupancy of buildings and improvements27 and to the compulsory repair, rehabilitation, demolition, or removal of buildings and28 improvements.29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 12 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (c) Appraisals, title searches, surveys, studies, and other plans and work1 necessary to prepare for the undertaking of redevelopment projects and related2 activities.3 (19) To develop, test, and report methods and techniques and carry out4 demonstrations and other activities for the prevention and the elimination of slums5 and urban blight, including developing and demonstrating new or improved means6 of providing housing or continuing care, assisted living, or independent living or7 other similar type housing for elderly or retired persons or other persons desiring8 such housing facilities.9 (20) To make and from time to time amend and repeal bylaws, orders, rules,10 and regulations in order to effectuate the provisions of this Chapter.11 (21) To exercise all or any part or combination of powers herein granted by12 this Chapter.13 (22) The authority shall not be deemed to be an instrumentality of the state14 for purposes of Article X, Section 1(A) of the Constitution of Louisiana.15 (23) To purchase property at a sale conducted pursuant to enforcement of16 judicial mortgages created in accordance with R.S. 13:2575(C) by tendering a bid17 equal to or greater than the minimum bid advertised, which bid may be a credit bid18 consisting of the obligation of the authority to satisfy the bid by payment to the19 political subdivision holding the lien being enforced in accordance with20 intergovernmental agreements between the authority and such political subdivision.21 Such a bid shall be given priority over all other bids regardless of amount, except for22 a higher bid submitted by a conventional mortgage holder holding a mortgage on the23 subject property.24 I.(1) The authority may incur debt and issue general obligation bonds under25 the authority of and subject to the provisions of Article VI, Section 33 of the26 Constitution of Louisiana, and Subpart A of Part III of Chapter 4 of Subtitle II of27 Title 39 of the Louisiana Revised Statutes of 1950, for the acquisition and operation28 of authority property or to carry out the other public purposes of this Chapter, and29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 13 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. to issue any other bonds permitted by law, borrow money, and issue certificates of1 indebtedness, notes, and other debt obligations as evidence thereof and provide for2 the manner and method of repayment in accordance with law.3 (2) The authority may issue revenue bonds to finance the undertaking of a4 redevelopment project under this Chapter, or otherwise to acquire, purchase, lease,5 construct, or improve housing, residential development, subdivision development,6 commercial, research, industrial, or other plant sites and buildings, or other capital7 improvements authorized in this Chapter, including energy and pollution abatement8 and control facilities and necessary property and appurtenances thereto; and may sell,9 lease, sublease, or otherwise dispose of by suitable and appropriate contract to any10 enterprise locating or existing within the jurisdiction of the authority such sites,11 buildings, or facilities and appurtenances thereto, all or severally. The funds derived12 from the sale of such bonds may be disbursed in whole or in part upon delivery of13 the bonds as shall be provided in the contract between the authority and the14 residential, commercial, research, industrial, or other enterprise to be aided,15 encouraged, or benefited subject to the requirements of this Chapter.16 (3) The issuing authority may enter into, amend, or terminate, as it17 determines to be necessary or appropriate, any ancillary contracts (a) to facilitate the18 issuance, sale, resale, purchase, repurchase, or payments of bonds, including without19 limitation bond insurance, letters of credit, and liquidity facilities, or (b) to attempt20 to hedge risk or achieve a desirable effective interest rate or cash flow, all subject to21 the approval of the State Bond Commission.22 (4) Bonds issued under Paragraph (2) of this Subsection shall be authorized23 by resolution of the board and shall be limited obligations of the issuing authority;24 the principal and interest, costs of issuance, and other costs incidental thereto shall25 be payable solely from the income and revenue derived from the sale, lease, or other26 disposition of the project or facility to be financed by the bonds issued under this27 Subsection, or from the income and revenue derived from the sale, lease, or other28 disposition of any existing project or facility acquired, constructed, and improved29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 14 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. under the provision of this Subsection, or from any source available for such1 purpose. However, in the discretion of the issuing authority, the bonds may be2 additionally secured by mortgage or other security device covering all or part of the3 project from which the revenues so pledged may be derived. Any refunding bonds4 issued pursuant to this Subsection shall be payable from any source described above5 or from the investment of any of the proceeds of the refunding bonds authorized6 under this Subsection and shall not constitute an indebtedness or pledge of the7 general credit of the parish or municipality, as appropriate, or the authority within8 the meaning of any constitutional or statutory limitation of indebtedness and shall9 contain a recital to that effect. Bonds of the authority issued under this Subsection10 shall be issued in such form, shall be in such denominations, shall bear interest, shall11 mature in such manner, and be executed by one or more members of the board as12 provided in the resolution authorizing the issuance thereof. Such bonds may be13 subject to redemption at the option of and in the manner determined by the board in14 the resolution authorizing the issuance thereof.15 (5) No bonds or other evidences of indebtedness may be issued under this16 Subsection without the prior approval of the State Bond Commission of the terms17 and provisions thereof.18 (6) Bonds issued under this Subsection shall be issued, sold, and delivered19 in accordance with the terms and provisions of a resolution adopted by the board.20 The board may sell such bonds in such manner, either at public or at private sale, and21 for such price as it may determine to be in the best interests of the authority, subject22 to the approval of the State Bond Commission. The resolution issuing bonds shall23 be published in a newspaper of general circulation within the jurisdiction of the24 authority, and for a period of thirty days after said publication, any interested citizen25 may bring an action to contest the bonds and the security therefor, as provided in the26 Constitution of Louisiana. If, after the expiration of thirty days, no suit has been27 filed, the issuance, sale, and security of the bonds shall be incontestable, and no court28 shall have authority to entertain any action questioning or contesting such matters.29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 15 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (7) Bonds issued by the authority under this Chapter are deemed to be1 securities of public entities within the meaning of Chapters 13 and 13-A of Title 392 of the Louisiana Revised Statutes of 1950, and shall be subject to defeasance in3 accordance with the provisions of Chapter 14 of Title 39 of the Louisiana Revised4 Statutes of 1950, shall be subject to the refunding provisions of Chapter 14-A of5 Title 39 of the Louisiana Revised Statutes of 1950, and may also be issued as6 short-term revenue notes of a public entity under Chapter 15-A of Title 39 of the7 Louisiana Revised Statutes of 1950.8 (8) No bonds, other debt obligations, or contracts of the authority shall be a9 charge upon the income, property, or revenue of the parish or municipality, as10 appropriate, nor shall any obligations of the authority be the obligations of the11 applicable parish or municipality.12 (9) Any bonds issued by the authority shall be subject to the Bond Validation13 Law (R.S. 13:5121), pursuant to which the issuance of the bonds may be submitted14 to the courts for validation.15 J.(1) The exercise by the board of the powers conferred by virtue of this16 Chapter shall be deemed and held to be an essential governmental function of the17 state and parish. As the exercise of the powers granted by this Chapter will be in all18 respects for the benefit of the people of the state and parish, for the increase of their19 commerce and prosperity, and for the improvement of their health and living20 conditions, the authority shall not be required to pay any taxes, including but not21 limited to sales and use taxes, ad valorem, occupational licensing, income, or any22 other taxes of any kind or nature, or fees or assessments upon any property held,23 acquired, or used by the authority under the provisions of this Chapter, or upon the24 income therefrom. Any bonds, certificates, or other evidences of indebtedness issued25 by the authority and the income therefrom shall be exempt from taxation by the state26 and by any parish, municipality, or other political subdivision of the state. The27 authority shall not be deemed to be a public utility and shall not be subject in any28 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 16 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. respect to the authority, control, regulation, or supervision of the Louisiana Public1 Service Commission.2 (2) All property of the authority, including funds owned or held by it for the3 purpose of this Chapter, shall be exempt from levy and sale by virtue of an4 execution, and no execution or other judicial process shall issue against the same, nor5 shall judgment against the parish or authority be a charge or lien upon such property.6 However, the provisions of this Subsection shall not apply to or limit the right of7 obligees to pursue any remedies for the enforcement of any pledge or lien given8 pursuant to this Chapter by the authority on its rents, fees, grants, or revenues.9 K.(1) The authority may purchase adjudicated properties within its territorial10 jurisdiction from any political subdivision of the state of Louisiana. No such11 purchase shall be construed to, or otherwise have the effect of, extending or12 suspending the period prescribed by law for the redemption of the property by the13 tax debtor or any other person.14 (2) In addition to the authority set forth in Subpart B of Part IV of Chapter15 5 of Subtitle III of Title 47 of the Louisiana Revised Statutes of 1950, such purchases16 by the authority may be in the manner provided for in Chapter 13-A of Title 33 of17 the Louisiana Revised Statutes of 1950 or by a direct negotiated purchase and sale18 agreement between the authority and a political subdivision without any other19 requirement of a public sale prior to the transfer of such properties to the authority.20 Such purchases by the authority shall not be considered the sale of surplus property21 or of property owned by the political subdivision.22 (3) Effective upon the recordation of the transfer of an adjudicated property23 to the authority pursuant to a purchase and sale agreement, the rights of the authority24 in and to such property shall be the rights of a purchaser at a tax sale as contemplated25 by Chapter 5 of Subtitle III of Title 47 of the Louisiana Revised Statutes of 1950,26 subject only to the rights of redemption of the property set forth in Article VII,27 Section 25(B) of the Constitution of Louisiana, and the property shall no longer be28 deemed to be adjudicated property as of such recordation. For purposes of the right29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 17 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. of redemption in Article VII, Section 25(B) of the Constitution of Louisiana, the1 three-year period commences on the date of the recordation of the initial adjudication2 to the political subdivision and not on the date of transfer to the authority.3 (4) Any such purchase and sale agreement shall set forth the total4 consideration to be paid by the authority and the method and timing of payment of5 such consideration by the authority.6 (5) The state and any political subdivision with liens on the property may,7 pursuant to intergovernmental agreements with the authority, cancel such liens8 contemporaneously with or subject to the transfer of the property to the authority.9 (6)(a) The authority shall have the right, subject to the provisions of this10 Section, to purchase properties at tax sales conducted in accordance with R.S.11 47:2183, and any and all such purchases shall be a purchase pursuant to R.S. 47:218312 and not an adjudication to a political subdivision.13 (b) Notwithstanding the provisions of Chapter 5 of Subtitle III of Title 47 of14 the Louisiana Revised Statutes of 1950, the authority may tender a bid at a tax sale15 which is a credit bid, consisting of the obligation of the authority to satisfy the16 component parts of the bid by payments to the respective political subdivisions and17 taxing entities in accordance with intergovernmental agreements between the18 authority and such political subdivisions and taxing entities.19 (c) A bid by the authority at a tax sale for the minimum amount shall take20 priority over all other bids for the same quantity of property, except for a higher bid21 submitted by a conventional mortgage holder holding a mortgage on the subject22 property.23 (7) The authority shall submit annual reports to the House Committee on24 Municipal, Parochial and Cultural Affairs and the Senate Committee on Local and25 Municipal Affairs and each member of the Lafayette Parish legislative delegation26 concerning property purchased by the authority. Such report shall be filed by March27 first each year and shall cover the previous calendar year. Each report shall include:28 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 18 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (a) The legal description or other indication of the location of each property1 purchased.2 (b) The amount paid for each property.3 (c) The minimum bid that was set for the property and the appraised value4 of the property.5 (d) A general description of the authority's plans for the property and how6 such plans advance the purposes for which the authority is created.7 L.(1) The authority shall have the power to create and execute8 redevelopment or development plans for specified areas within its territorial9 jurisdiction. The implementation of all such plans shall not proceed until, to the10 extent required by law, the authority has obtained the approval of the local planning11 commission or zoning board. In the execution of such a redevelopment plan, the12 authority shall have the powers provided in this Subsection. The fact that a certain13 power is expressed or implied in this Paragraph as pertinent to the authority's14 execution of a redevelopment plan shall not suggest or imply that such power is15 otherwise denied to the authority.16 (2) A redevelopment plan shall include a definition of the redevelopment17 area. This area, or any part thereof, may be further designated as a subdistrict of the18 authority.19 (3) The authority may sell, lease, exchange, or otherwise transfer immovable20 property or any interest therein acquired by it for residential, recreational,21 commercial, industrial, or other uses or for public use, subject to such covenants,22 conditions, and restrictions, including covenants running with the land, as it may23 deem to be necessary or desirable to assist in carrying out the purposes of this24 Chapter. The purchasers or lessees and their successors and assigns shall be25 obligated to devote such immovable property only to the uses as the authority may26 determine to be in the public interest, including the obligation to begin within a27 reasonable time any improvements on such immovable property. Such immovable28 property or interest shall be sold, leased, exchanged, or otherwise transferred at not29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 19 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. less than its fair value for uses in accordance with the redevelopment or development1 plan. In determining the fair value of immovable property for uses in accordance2 with the redevelopment or development plans, the authority shall take into account3 and give consideration to the use provided in such plan; the restrictions upon and the4 covenants, conditions, and obligations assumed by the purchaser or lessee; and the5 objectives of such plan. The authority, in any instrument of conveyance to a private6 purchaser or lessee, may provide that such purchaser or lessee shall be without power7 to sell, lease, exchange, or otherwise transfer the immovable property without the8 prior written consent of the authority until such purchaser or lessee has completed9 the construction of any and all improvements which he has obligated himself to10 construct thereon. Immovable property acquired in accordance with the provisions11 of the plan shall be transferred as rapidly as feasible in the public interest, consistent12 with the carrying out of the provisions of the project plan. Such plan and any13 substantial modification of such plan shall be filed as a public record in the office of14 the clerk of the parish, and any conveyances, encumbrances, or other contracts may15 incorporate the provisions thereof by reference which shall afford notice thereof to16 all parties.17 (4) The authority may dispose of, sell, exchange, or lease immovable18 property in a redevelopment area to any private person for the fair market value of19 the property as determined by a certified and competent appraiser, or to any private20 person pursuant to reasonable competitive bidding procedures as it shall prescribe21 subject to the provisions set forth in this Paragraph. Such reasonable bidding22 procedures must include public notice, by publication once each week for two23 consecutive weeks in a newspaper having a general circulation in the community,24 inviting proposals from and making available all pertinent information to private25 redevelopers or any persons interested in undertaking to redevelop or rehabilitate a26 redevelopment area or any part thereof. Such notice shall identify the area, or27 portion thereof, and shall state that proposals shall be made by those in interest28 within thirty days after publication of such notice, and that such further information29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 20 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. as is available may be obtained at such office as shall be designated in the notice.1 The board shall consider all such redevelopment or rehabilitation proposals and the2 financial and legal ability of the persons making such proposals to carry them out,3 and may negotiate with any persons for proposals for the purchase, lease, or other4 transfer of any immovable property acquired by the authority in the redevelopment5 area. The board may accept such proposal as it deems to be in the public interest and6 in furtherance of the purposes of this Chapter. Such notice, and all contracts to sell,7 lease, exchange, or otherwise transfer immovable property under the provisions of8 this Chapter, shall be a public record and shall include the name of the redeveloper9 or purchaser, together with the names of its officers and principal members or10 shareholders and investors and other interested parties, the redeveloper's estimate of11 the cost of any residential development and rehabilitations, and the redeveloper's12 estimate of rentals and sales prices of any proposed housing involved in such13 redevelopment and rehabilitation. Thereafter, the board may execute such contract14 in accordance with the provisions of this Chapter and deliver acts of sale, leases, and15 other instruments and take all steps necessary to effectuate such contract.16 (5) The authority may temporarily operate, maintain, or lease real property17 acquired by it in a redevelopment area for or in connection with a redevelopment18 project pending disposition of the property as authorized in this Chapter for such19 uses and purposes as may be deemed desirable even though not in connection with20 the redevelopment plan.21 (6) Any real property within a redevelopment area acquired pursuant to22 Subsection K of this Section may be disposed of without regard to the other23 provisions of this Chapter. Real property acquired in accordance with the24 redevelopment plan may be disposed of to a public body for public reuse without25 regard to the provisions of this Subsection.26 (7) Notwithstanding any other provisions of this Chapter where an area in27 the parish is designated as a redevelopment area under the Federal Area28 Redevelopment Act (Public Law 87-27), or any Act supplementary thereto, land in29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 21 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. a redevelopment project area designated under the redevelopment plan for industrial1 or commercial uses may be disposed of to any public body or nonprofit corporation2 for subsequent disposition as promptly as practical by the public body or corporation3 for redevelopment in accordance with the redevelopment plan, and only the4 purchaser from or lessee of the public body or corporation, and their assignees, shall5 be required to assume the obligation of beginning the building of improvements6 within a reasonable time. Any disposition of land to a public body or corporation7 under this Paragraph shall be at its fair value for uses in accordance with the8 redevelopment plan.9 M.(1) The authority may, in the implementation of a redevelopment plan,10 create one or more subdistricts to conduct, oversee, or assist in the implementation11 of such redevelopment plan. The boundaries of such a subdistrict may include all12 or part of the redevelopment area. Such a subdistrict shall have and exercise such13 powers and responsibilities as the authority shall specify in the enabling resolution.14 The full extent of such powers and responsibilities may include such powers as the15 authority itself may exercise, and such other powers as are given to the subdistrict16 by this Paragraph or any other law, but any exercise of such powers by the subdistrict17 shall be confined solely to the geographical limits of the subdistrict. Such a18 subdistrict may be established to exist at the pleasure of the authority, or for any19 period of time, or until the happening of any occurrence or occurrences, that the20 authority may specify.21 (2) The creation of a subdistrict shall in no instance result in the detachment,22 severance, or loss of any power or responsibility granted to the authority by this23 Chapter, and within the confines of any subdistrict, the authority shall have full24 jurisdiction, concurrent with that of the subdistrict, to exercise said powers and25 responsibilities. The fact that a certain power is expressed or implied in this26 Paragraph as pertinent to a subdistrict's conduct, overseeing, or assistance in the27 implementation of the redevelopment plan shall not suggest or imply that such power28 is otherwise denied to the authority. However, the authority and its subdistricts shall29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 22 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. not, collectively, have any greater power to tax than that granted, in the first instance,1 to the authority alone.2 (3) Unless otherwise specified in the resolution or other formal act creating3 the subdistrict, the board members of the authority shall constitute the governing4 authority of the subdistrict.5 (4) Unless otherwise specified in the resolution or other formal act creating6 the subdistrict, the subdistrict shall be a distinct and separate juridical entity, and the7 rights, interests, and liabilities of the subdistrict shall not under any circumstances8 be considered those of the authority.9 (5)(a) In addition to the other powers it may be granted, a subdistrict may10 enjoy, within its geographical boundaries, the powers of tax increment financing, the11 issuance of revenue bonds, and those other powers that may be exercised by an12 economic development district created by a local governmental subdivision pursuant13 to R.S. 33:9038.32. However, the subdistrict shall remain subject to all limitations14 and reservations applicable to the powers of the authority.15 (b) Prior to the dedication of any state sales tax increments to be used for an16 authorized purpose of a subdistrict, the secretary of the Department of Economic17 Development shall submit the proposal to the Joint Legislative Committee on the18 Budget for approval. The submittal shall also include a written evaluation and19 determination by the department, with input from and certification by the20 Department of Revenue, of the anticipated increase in state sales tax revenues to be21 collected within the state over state sales tax revenues that were collected within the22 state in the year immediately prior to the year in which the proposal is submitted to23 the committee that would be a direct result of the proposal. In addition, any24 cooperative endeavor agreement or other agreement providing for the expenditure25 of funds collected by the state as state sales tax increments and dedicated to a project26 or for the payment of revenue bonds therefor shall be subject to approval by the State27 Bond Commission prior to execution by the state.28 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 23 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. N. All banks, trust companies, bankers, savings banks and institutions,1 building and loan associations, savings and loan associations, investment companies,2 and other persons carrying on a banking or investment business; all insurance3 companies, insurance associations, and other persons carrying on an insurance4 business; and all executors, administrators, curators, trustees, and other fiduciaries5 may legally invest any sinking funds, monies, or other funds belonging to them or6 within their control in any bonds or other obligations issued by the authority pursuant7 to this Chapter. Bonds and other obligations shall be authorized security for all8 public deposits. It is the purpose of this Subsection to authorize any public or private9 persons, political subdivisions, and officers, public or private, to use any funds10 owned or controlled by them for the purchase of any bonds or other obligations.11 Nothing contained in this Subsection with regard to legal investments shall be12 construed as relieving any persons of any duty of exercising reasonable care in13 selecting securities.14 O. For the purpose of aiding in the planning, undertaking, or carrying out of15 a redevelopment or development project and related activities authorized by this16 Chapter, any public body may, upon such terms, with or without consideration as it17 may determine:18 (1) Dedicate, sell, convey, or lease any of its interest in any property or grant19 easements, licenses, or other rights or privileges therein to the authority.20 (2) Incur the entire expense of any public improvements made by such21 public body.22 (3) Do any and all things necessary to aid or cooperate in the planning or23 carrying out of a redevelopment plan and related activities.24 (4) Lend, grant, or contribute funds to the authority in accordance with an25 appropriate cooperative endeavor agreement and borrow money and apply for and26 accept advances, loans, grants, contributions, and any other form of financial27 assistance from the federal government, the state, parish, or other public body, or28 from any other source.29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 24 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (5) Enter into agreements which may extend over any period1 notwithstanding any provision or rule of law to the contrary with the federal2 government or other public body respecting action to be taken pursuant to any of the3 powers granted by this Chapter, including the furnishing of funds or other assistance4 in connection with a redevelopment project and related activities.5 (6) Cause public buildings and public facilities, including parks,6 playgrounds, recreational, community, educational, water, sewer, or drainage7 facilities, or any other works which it is otherwise empowered to undertake to be8 furnished; furnish, dedicate, close, vacate, pave, install, grade, regrade, plan, or9 replan streets, roads, sidewalks, ways, or other places; plan or replan, zone or rezone,10 or make exceptions from building regulations.11 P. Any instrument executed, in proper form and with proper certification of12 authority, by the authority purporting to convey any right, title, or interest in any13 property under this Chapter shall be conclusively presumed to have been executed14 in compliance with provisions of this Chapter insofar as title or other interest of any15 bona fide purchasers, lessees, or transferees of the property is concerned.16 Q. As used in this Chapter, the following terms shall have the meaning17 herein ascribed to them.18 (1) "Appropriate governing authority" shall mean the governing authority of19 Lafayette Parish.20 (2) "Appropriate jurisdiction" shall mean Lafayette Parish.21 (3) "Bonds" means any bonds, notes, interim certificates, certificates of22 indebtedness, debenture, or other obligation.23 (4) "Federal government" means any department, agency, or instrumentality,24 corporate or otherwise, of the United States of America.25 (5) "Owners of a property interest" means anyone with a corporeal or26 incorporeal interest in immovable property filed for record in the conveyance records27 or mortgage records of the clerk of court and ex officio recorder of mortgages for the28 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 25 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. parish where the property is located, including a naked owner, a usufructuary, a1 mortgagee, a judgment creditor, or a holder of a personal or predial servitude.2 (6) "Public body" means the state and any parish and any board, authority,3 agency, district, subdivision, department, or instrumentality, corporate or otherwise,4 of the state or any parish.5 (7) "Real property" or "immovable property" means any and all right, title,6 and interest in a tract of land, including its component parts and liens by way of7 judgment, mortgage, or otherwise.8 R. Insofar as the provisions of this Chapter are inconsistent with the9 provisions of any other law, the provisions of this Chapter shall be controlling.10 However, the authority shall be subject to the provisions of the Local Government11 Fair Competition Act, R.S. 45:844.41 et seq. The authority conferred by this Chapter12 shall be in addition and supplemental to the powers conferred by any other law.13 S.(1) In addition to other powers granted to the authority pursuant to this14 Chapter, the authority may initiate an expedited quiet title and foreclosure action15 under this Subsection to quiet title to immovable property held by the authority,16 interests in property purchased by the authority at tax sales, or in formerly17 adjudicated properties acquired by the authority from a political subdivision, by18 recording with the conveyance records of the clerk of court and ex officio recorder19 of mortgages a notice of pending expedited quiet title and foreclosure action. The20 notice shall include a legal description of the property; the street address of the21 property if available; the name, address, and telephone number of the authority; a22 statement that the property is subject to expedited quiet title proceedings and23 foreclosure under this Subsection; and a statement that any legal interests in the24 property may be extinguished by a district court order vesting title to the property in25 the authority. The right of redemption from tax sales in Article VII, Section 25(B)26 of the Constitution of Louisiana shall be terminated by these proceedings only if the27 time period for expiration of the right of redemption has expired. If a notice is28 recorded in error, the authority may correct the error by recording a certificate of29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 26 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. correction with the register of conveyances. A notice or certificate under this1 Subsection need not be notarized and may be authenticated by a digital signature or2 other electronic means. If the authority has reason to believe that a property subject3 to an expedited quiet title and foreclosure action under this Subsection may be the4 site of environmental contamination, the authority shall provide the Department of5 Environmental Quality with any information in the possession of the authority that6 suggests the property may be the site of environmental contamination.7 (2) After recording the notice under Paragraph (1) of this Subsection, the8 authority shall initiate a search of records identified in this Paragraph to identify the9 owners of a property interest in the property who are entitled to notice of the quiet10 title and foreclosure hearing under this Subsection. The authority may enter into a11 contract with or may request from one or more authorized representatives a title12 search or other title product to identify the owners of a property interest in the13 property as required under this Paragraph or to perform the other functions set forth14 in this Subsection required for the quieting of title to property. The owner of a15 property interest is entitled to notice under this Section if that owner's interest was16 identifiable by reference to any of the following sources before the date that the17 authority records the notice under Paragraph (1) of this Subsection:18 (a) Land title records in the office of the recorder of mortgages and the19 register of conveyances.20 (b) Tax records in the office of the assessor.21 (3) The authority may file a single petition with the district court to expedite22 foreclosure under this Subsection listing all property subject to expedited foreclosure23 by the authority and for which the authority seeks to quiet title. If available to the24 authority, the list of properties shall include a legal description of, a tax parcel25 identification number for, and the street address of each parcel of property. The26 petition shall seek a judgment in favor of the authority against each property listed27 and shall include a date, within ninety days of filing, on which the authority requests28 a hearing on the petition. The petition shall request that a judgment be entered29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 27 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. vesting absolute title in the authority, without right of redemption for each parcel of1 property listed, as provided in this Paragraph. Prior to the entry of judgment under2 this Paragraph, the authority may request the court to remove property erroneously3 included in the petition or any tax delinquent properties redeemed prior to the4 hearing.5 (4) The district court in which a petition is filed under Paragraph (3) of this6 Subsection shall immediately set the date, time, and place for a hearing on the7 petition for foreclosure. The date shall be set by the court and shall not be more than8 ten days after the date requested by the authority in the petition. In no event may the9 court schedule the hearing later than ninety days after the filing of a petition by the10 authority under Paragraph (3) of this Subsection.11 (5) After completing the records search under Paragraph (2) of this12 Subsection, the authority shall determine the address or addresses reasonably13 calculated to inform those owners of a property interest in property subject to14 expedited foreclosure under this Subsection of the pendency of the quiet title and15 foreclosure hearing under Paragraph (11) of this Subsection. If, after conducting the16 title search, the authority is unable to determine an address reasonably calculated to17 inform persons with a property interest in property subject to expedited tax18 foreclosure, or if the authority discovers a deficiency in notice under this Subsection,19 the following shall be considered reasonable steps by the authority to ascertain the20 addresses of persons with a property interest in the property subject to expedited21 foreclosure or to ascertain an address necessary to correct a deficiency in notice22 under this Subsection:23 (a) For an individual, a search of records of the recorder of mortgages and24 the register of conveyances.25 (b) For a business entity, a search of business entity records filed with the26 commercial division of the Department of State.27 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 28 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (c) For a state or federal chartered depositary financial institution, a search1 of entity records filed with the Louisiana Office of Financial Institutions or with the2 Federal Deposit Insurance Corporation (FDIC).3 (6) Not less than thirty days before the quiet title and foreclosure hearing4 under Paragraph (11) of this Subsection, the authority shall send notice by certified5 mail, return receipt requested, of the hearing to the persons identified under6 Paragraph (2) of this Subsection who have a property interest in property subject to7 expedited foreclosure. The authority shall also send a notice via regular mail8 addressed to the "Occupant" for each property subject to expedited foreclosure if an9 address for the property is ascertainable.10 (7) Not less than thirty days before the quiet title and foreclosure hearing11 under Paragraph (11) of this Subsection, the authority or its authorized representative12 or authorized agent shall visit each parcel of property subject to expedited13 foreclosure and post on the property conspicuous notice of the hearing. In addition14 to the requirements of Paragraph (8) of this Subsection, the notice shall also include15 the following statement: "This Property has been transferred to the Lafayette Parish16 Redevelopment Authority and is subject to an expedited quiet title and foreclosure17 action. Persons with information regarding the prior owner of the property are18 requested to contact the Lafayette Parish Redevelopment Authority."19 (8) The notices required under Paragraphs (6) and (7) of this Subsection shall20 include:21 (a) The date on which the authority recorded, under Paragraph (1) of this22 Subsection, notice of the pending expedited quiet title and foreclosure action.23 (b) A statement that a person with a property interest in the property may24 lose his interest as a result of the quiet title and foreclosure hearing under Paragraph25 (11) of this Subsection.26 (c) A legal description, parcel number of the property, and the street address27 of the property, if available.28 (d) The person to whom the notice is addressed.29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 29 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (e) The date and time of the hearing on the petition for foreclosure under1 Paragraph (1) of this Subsection, and a statement that the judgment of the court may2 result in title to the property vesting in the authority.3 (f) An explanation of any rights of redemption and notice that the judgment4 of the court may extinguish any ownership interest in or right to redeem the property.5 (g) The name, address, and telephone number of the authority.6 (h) A statement that persons with information regarding the owner or prior7 owner of any of the properties are requested to contact the authority.8 (9) If the authority is unable to ascertain the address reasonably calculated9 to inform the owners of a property interest entitled to notice under this Section, or10 is unable to provide notice under Paragraphs (6) and (7) of this Subsection, the11 authority shall provide notice by publication. Prior to the hearing, a notice shall be12 published for three successive weeks, once each week, in a newspaper published and13 circulated in the parish. The published notice shall include all of the following:14 (a) A legal description, parcel number of the property, and the street address15 of the property, if available.16 (b) The name of any person not notified under Paragraphs (6) and (7) of this17 Subsection that the authority reasonably believes may be entitled to notice under this18 Section of the quiet title and foreclosure hearing under Paragraph (11) of this19 Subsection.20 (c) A statement that a person with a property interest in the property may21 lose his interest as a result of the foreclosure proceeding under Paragraph (11) of this22 Subsection.23 (d) The date and time of the hearing on the petition for foreclosure under24 Paragraph (11) of this Subsection.25 (e) A statement that the judgment of the court may result in title to the26 property vesting in the authority.27 (f) An explanation of any rights of redemption and notice that judgment of28 the court may extinguish any ownership interest in or right to redeem the property.29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 30 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (g) The name, address, and telephone number of the authority.1 (h) A statement that persons with information regarding the owner or prior2 owner of any of the properties are requested to contact the authority.3 (10) If prior to the quiet title and foreclosure hearing under Paragraph (11)4 of this Subsection, the authority discovers any deficiency in the provision of notice5 under this Subsection, the authority shall take reasonable steps in good faith to6 correct the deficiency before the hearing. The provisions of this Subsection relating7 to notice of the quiet title and foreclosure hearing are exclusive and exhaustive.8 Other requirements relating to notice and proof of service under other law, rule, or9 other legal requirement are not applicable to notice or proof of service under this10 Subsection.11 (11) If a petition for expedited quiet title and foreclosure is filed under12 Paragraph (3) of this Subsection, before the hearing, the authority shall file with the13 clerk of the district court proof of notice by certified mail under Paragraph (6) of this14 Subsection, proof of notice by posting on the property under Paragraph (7) of this15 Subsection, and proof of notice by publication, if applicable. A person claiming an16 interest in a parcel of property set forth in the petition for foreclosure, including a17 current holder of a conventional mortgage, who desires to contest that petition shall18 file written objections with the clerk of the district court and serve those objections19 on the authority before the date of the hearing. A holder of a conventional mortgage20 may object to the action and is entitled to a dismissal of the proceedings by the21 district court upon a showing that it is the holder of a legally enforceable22 conventional mortgage and upon payment of the outstanding amount of any liens,23 taxes, and related costs. The district court may appoint and utilize as the court24 considers necessary a curator for assistance with the resolution of any objections to25 the foreclosure or questions regarding the title to property subject to foreclosure. If26 the court withholds property from foreclosure, the authority's ability to include the27 property in a subsequent petition for expedited quiet title and foreclosure is not28 prejudiced. No injunction shall issue to stay an expedited quiet title and foreclosure29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 31 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. action under this Subsection. The district court shall enter judgment on a petition to1 quiet title and foreclosure filed under Paragraph (3) of this Subsection not more than2 ten days after the conclusion of the hearing or contested case, and the judgment shall3 become effective ten days after the conclusion of the hearing or contested case. The4 district court's judgment shall specify all of the following:5 (a) The legal description and, if known, the street address of the property6 foreclosed.7 (b) That title to property foreclosed by the judgment is vested absolutely in8 the authority, except as otherwise provided in Paragraphs (3) and (5) of this9 Subsection, without any further rights of redemption.10 (c) That all liens against the property, including any lien for unpaid taxes or11 special assessments, are extinguished.12 (d) That, except as otherwise provided in Subparagraph (e) of this Paragraph,13 the authority has good and marketable title to the property.14 (e) That all existing recorded and unrecorded interests in that property are15 extinguished, except a visible or recorded easement or right-of-way or private deed16 restrictions.17 (f) A finding that all persons entitled to notice and an opportunity to be heard18 have been provided that notice and opportunity. A person shall be deemed to have19 been provided notice and an opportunity to be heard if the authority followed the20 procedures for provision of notice by mail, by visits to property subject to expedited21 quiet title and foreclosure, and by publication under this Subsection, or if one or22 more of the following apply:23 (i) The person had constructive notice of the hearing by acquiring an interest24 in the property after the date of the recording, under Paragraph (1) of this Subsection,25 of the notice of pending expedited quiet title and foreclosure action.26 (ii) The person appeared at the hearing or submitted written objections to the27 district court under this Subsection prior to the hearing.28 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 32 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (iii) Prior to the hearing under this Paragraph, the person had actual notice1 of the hearing.2 (12) Except as otherwise provided in Subparagraph (11)(e) of this3 Subsection, title to property set forth in a petition for foreclosure filed under4 Paragraph (3) of this Subsection shall vest absolutely in the authority upon the5 effective date of the judgment by the district court, and the authority shall have6 absolute title to the property. The authority's title shall not be subject to any7 recorded or unrecorded lien, except as provided in Paragraph (11) of this Subsection,8 and shall not be stayed or held invalid, except as provided in Paragraph (13) of this9 Subsection. A judgment entered under this Subsection is a final order with respect10 to the property affected by the judgment and shall not be modified, stayed, or held11 invalid after the effective date of the judgment, except as provided in Paragraph (13)12 of this Subsection.13 (13) The authority or a person claiming to have a property interest under14 Paragraph (2) of this Subsection in property foreclosed under this Subsection may,15 within twenty-one days of the effective date of the judgment under Paragraph (11)16 of this Subsection, appeal the district court's order or the district court's judgment17 foreclosing property to the court of appeals. The appeal of the judgment shall be18 entitled to preference and priority and shall be handled on an expedited basis by the19 court of appeal and, if applicable, the Louisiana Supreme Court. In such cases, the20 record shall be prepared and filed within fifteen days of the granting of the order of21 appeal. The court of appeal shall hear the case within thirty days after the filing of22 the appellee's brief. An appeal under this Paragraph is limited to the record of the23 proceedings in the district court under this Subsection. The district court's judgment24 foreclosing property shall be stayed until the court of appeals has reversed, modified,25 or affirmed that judgment. If an appeal under this Paragraph stays the district court's26 judgment foreclosing property, the district court's judgment is stayed only as to the27 property that is the subject of that appeal, and the district court's judgment28 foreclosing other property that is not the subject of that appeal is not stayed. To29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 33 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. appeal the district court's judgment foreclosing property, a person appealing the1 judgment shall pay to the authority any taxes, interest, penalties, and fees due on the2 property and provide notice of the appeal to the authority within twenty-one days3 after the district court's judgment becomes effective. If the district court's judgment4 foreclosing the property is affirmed on appeal, the amount determined to be due shall5 be refunded to the person who appealed the judgment. If the district court's6 judgment foreclosing the property is reversed or modified on appeal, the authority7 shall refund the amount determined to be due to the person who appealed the8 judgment, if any, and forward the balance to the appropriate taxing jurisdictions in9 accordance with the order of the court of appeals.10 (14) The authority shall record a notice of judgment for each parcel of11 foreclosed property in the office of the register of conveyances. If the authority12 records a notice of judgment in error, the authority may subsequently record a13 certificate of correction. A notice or certificate under this Paragraph need not be14 notarized and may be authenticated by a digital signature or other electronic means.15 After the entry of a judgment foreclosing the property under this Subsection, if the16 property has not been transferred by the authority, the authority may cancel the17 foreclosure by recording with the register of conveyances a certificate of error, if the18 authority discovers any of the following:19 (a) The description of the property used in the expedited quiet title and20 foreclosure proceeding was so indefinite or erroneous that the foreclosure of the21 property was void.22 (b) An owner of an interest in the property entitled to notice of the expedited23 quiet title and proceedings against the property under this Subsection was not24 provided notice sufficient to satisfy the minimum due process requirements of the25 Constitution of Louisiana and the Constitution of the United States.26 (c) A judgment of foreclosure was entered under this Subsection in violation27 of an order issued by a United States bankruptcy court.28 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 34 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (15) If a judgment of foreclosure is entered under Paragraph (11) of this1 Subsection, and all existing recorded and unrecorded interests in a parcel of property2 are extinguished as provided in Paragraph (11) of this Subsection, the owner of any3 extinguished recorded or unrecorded interest in that property who claims that he did4 not receive notice of the expedited quiet title and foreclosure action shall not bring5 an action for possession of the property against any subsequent owner but may only6 bring an action to recover monetary damages from the authority as provided in this7 Paragraph. The district court has original and exclusive jurisdiction in any action to8 recover monetary damages under this Paragraph. An action to recover monetary9 damages under this Paragraph shall not be brought more than two years after a10 judgment for foreclosure is entered under Paragraph (11) of this Subsection. Any11 monetary damages recoverable under this Paragraph shall be determined as of the12 date a judgment for foreclosure is entered under Paragraph (11) of this Subsection13 and shall not exceed the fair market value of the interest in the property held by the14 person bringing the action under this Subsection on that date, less any taxes, interest,15 penalties, and fees owed on the property as of that date. The right to sue for16 monetary damages under this Paragraph shall not be transferable except by testate17 or intestate succession.18 (16) The owner of a property interest with notice of the quiet title and19 foreclosure hearing under Paragraph (11) of this Subsection may not assert any of20 the following:21 (a) That notice to the owner was insufficient or inadequate in any way22 because some other owner of a property interest in the property was not notified.23 (b) That any right to redeem tax reverted property was extended in any way24 because some other person was not notified.25 (17) A person holding or formerly holding an interest in tax reverted26 property subject to expedited foreclosure under this Subsection is barred from27 questioning the validity of the expedited foreclosure under this Subsection.28 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 35 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (18) The failure of the authority to comply with any provision of this1 Subsection shall not invalidate any proceeding under this Subsection if a person with2 a property interest in property subject to foreclosure was accorded the minimum due3 process required under the Constitution of Louisiana and the Constitution of the4 United States.5 (19) It is the intent of the legislature that the provisions of this Subsection6 relating to the expedited quiet title and foreclosure of property by the authority7 satisfy the minimum requirements of due process required under the Constitution of8 Louisiana and the Constitution of the United States but that the provisions do not9 create new rights beyond those required under the Constitution of Louisiana or the10 Constitution of the United States. The failure of the authority to follow a11 requirement of this Section relating to the expedited quiet title and foreclosure of12 property held by the authority shall not be construed to create a claim or cause of13 action against the authority unless the minimum requirements of due process14 accorded under the Constitution of Louisiana or the Constitution of the United States15 are violated.16 (20) As used in this Subsection, "authorized representative" includes one or17 more of the following:18 (a) A title insurance company or agent licensed to conduct business in this19 state.20 (b) An attorney licensed to practice law in this state.21 (c) A person accredited in land title search procedures by a nationally22 recognized organization in the field of land title searching.23 (d) A person with demonstrated experience in the field of searching land title24 records, as determined by the authority.25 (21) As used in this Subsection, "district court" shall mean the Fifteenth26 Judicial District Court.27 Section 2. This Act shall become effective upon signature by the governor or, if not28 signed by the governor, upon expiration of the time for bills to become law without signature29 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 36 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If1 vetoed by the governor and subsequently approved by the legislature, this Act shall become2 effective on the day following such approval.3 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)] Robideaux HB No. 1104 Abstract: Creates the Lafayette Parish 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 Lafayette Parish 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 Lafayette Parish, including the territory comprising the municipalities of Broussard, Carencro, Duson, Scott, and Youngsville. Authorizes the governing authority of each municipality to opt out of being included within the territorial boundaries of the district. Provides that the authority shall be activated and implemented by the city-parish governing authority recognizing and confirming the appointment of the initial five members of the board. Proposed law provides that the Lafayette Parish Redevelopment Authority shall be governed by a five-member board of commissioners, referred to as the "board" in proposed law, appointed as follows: (1)One member appointed by the governing board of the Community Foundation of Acadiana. (2)One member appointed by the governing board of the Greater Lafayette Chamber of Commerce. (3)Three members appointed by the city-parish president of the Lafayette City-Parish Consolidated Government. Proposed law requires that all appointments be confirmed by the governing authority of Lafayette Parish. 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 Lafayette Parish 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. HLS 10RS-921 ORIGINAL HB NO. 1104 Page 37 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Proposed law provides that each board member shall serve 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. 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 $50,000. 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. HLS 10RS-921 ORIGINAL HB NO. 1104 Page 38 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (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 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. HLS 10RS-921 ORIGINAL HB NO. 1104 Page 39 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. 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 parish 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. 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 HLS 10RS-921 ORIGINAL HB NO. 1104 Page 40 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. 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 it is attempting to seize. 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: (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 Lafayette Parish. 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. HLS 10RS-921 ORIGINAL HB NO. 1104 Page 41 of 41 CODING: Words in struck through type are deletions from existing law; words underscored are additions. 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 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 noticeof 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. Effective upon signature of governor or lapse of time for gubernatorial action. (Adds R.S. 33:4720.201)