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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2010 ENROLLED
SENATE BILL NO. 303
BY SENATOR LONG
AN ACT1
To enact R.S. 37:2804(K), relative to the powers and duties of the Louisiana Board of2
Chiropractic Examiners; to provide for the power to enter into certain transactions3
involving immovable property; to provide for the authority of the board to borrow4
funds; and to provide for related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 37:2804(K) is hereby enacted to read as follows: 7
ยง2804. Powers and duties of board 8
* * *9
K. (1) The board is authorized to select, lease, build, purchase, maintain,10
own, expand, and sell immovable property and improvements thereon as it may11
deem necessary or appropriate to accomplish the provisions of this Part. Any12
buildings so owned or so acquired shall be used by the board to house the offices13
of the board and to conduct the affairs of the board. The board is hereby14
authorized to expend the funds of the board for the purchase of land and15
improvements thereon. The board is further authorized to sell the land and16
improvements thereon in accordance with law. Revenue derived from the sale17
shall be retained by the board and shall not be subject to reversion to the state18
general fund.19
(2) The board may lease or sell portions of the land and improvements20
under such terms and conditions which are in accordance with law. All revenue21
derived from such leases or sales shall be retained by the board and shall not be22
subject to reversion to the state general fund.23
ACT No. 68 SB NO. 303 ENROLLED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
(3) Prior to the sale authorized by this Subsection, the commissioner of1
administration shall review the terms of the sale to ascertain that the sale2
amount constitutes fair market value or greater for the property.3
(4) The board shall have the authority to borrow funds with the4
approval of the state bond commission and to expend funds of the board for the5
acquisition of immovable property and improvements thereon.6
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: