HLS 11RS-959 ENGROSSED
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2011
HOUSE BILL NO. 456
BY REPRESENTATIVE MORENO
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
ECONOMIC DEVEL/ENT ZONE: Extends the La. Enterprise Zone Act to include transit-
oriented multifamily developments
AN ACT1
To enact R.S. 51:1783(10) and (11) and 1784(D), relative to the La. Enterprise Zone Act;2
to provide for definitions; to extend the La. Enterprise Zone Act to include3
transit-oriented multifamily developments which meet certain criteria; and to provide4
for related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 51:1783(10) and (11) and 1784(D) are hereby enacted to read as7
follows: 8
§1783. Definitions9
For purposes of this Chapter, the following terms shall have the meaning10
hereinafter ascribed to them, unless the context clearly indicates otherwise:11
* * *12
(10) "Multimodal transit center" means a public transit stop or exchange that13
includes not less than three modes of public transportation including bus, streetcar,14
rail, ferry, or water taxi.15
(11) "Transit-oriented development" means a mixed-use development16
including both residential and commercial uses that is located within one-quarter17
mile of a multimodal transit center.18
§1784. Criteria19
* * *20
D. A transit-oriented development shall be eligible and may apply for21
enterprise zone benefits if it meets the following requirements:22 HLS 11RS-959 ENGROSSED
HB NO. 456
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
(1) It is a mixed-use development that includes multifamily housing.1
(2) It involves the new construction or conversion of an existing structure.2
(3) It will result in new direct construction spending of not less than ten3
million dollars.4
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)]
Moreno HB No. 456
Abstract: Extends the La. Enterprise Zone Act to include transit-oriented multifamily
developments that meet certain criteria.
Present law creates the La. Enterprise Zone Act.
Proposed law retains present law.
Proposed law defines "transit-oriented development" as a mixed-use development including
both residential and commercial uses that is located within one-quarter mile of a multimodal
transit center.
Proposed law defines "multimodal transit center" as a public transit stop or exchange that
includes not less than three modes of public transportation including bus, streetcar, rail,
ferry, or water taxi.
Proposed law provides that a transit-oriented development shall be eligible and may apply
for enterprise zone benefits if it meets the following requirements:
(1)It is a mixed-use development that includes multifamily housing.
(2)It involves the new construction or conversion of an existing structure.
(3)It will result in new direct construction spending of not less than $10,000,000.
(Adds R.S. 51:1783(10) and (11) and 1784(D))