ENROLLED Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. ACT No. 359 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. AN ACT1 To enact R.S. 51:1783(10), (11), and (12) and 1787(C), relative to the Louisiana Enterprise2 Zone Act; to provide for definitions; to extend the Louisiana Enterprise Zone Act to3 include transit-oriented multifamily developments which meet certain criteria; and4 to provide for related matters.5 Be it enacted by the Legislature of Louisiana:6 Section 1. R.S. 51:1783(10), (11), and (12) and 1787(C) are hereby enacted to read7 as 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) "Multifamily residential housing" means a minimum of ninety and a13 maximum of one hundred seventy-five attached dwelling units providing complete14 independent living facilities for one or more persons, including permanent provisions15 for living, sleeping, eating, cooking, and sanitation.16 (11) "Multimodal transit center" means a public transit stop or exchange that17 includes not less than three modes of public transportation including bus, streetcar,18 rail, ferry, or water taxi.19 (12) "Transit-oriented development" means a mixed-use development,20 consisting of at least fifty percent multifamily residential housing and at least thirty21 percent commercial or retail facilities, on a single contiguous site, all or part of22 which is located within one-quarter mile of a multimodal transit center, with at least23 ENROLLEDHB NO. 456 Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. ten million dollars in capital expenditures for new construction or conversion of1 existing structures.2 * * *3 §1787. Incentives4 * * *5 C. A transit-oriented development shall be eligible for the contract provided6 for in Subsection A of this Section only if all of the following conditions are met:7 (1) Advance notification for the development is filed with the department8 after June 30, 2011, and before January 1, 2012.9 (2) Construction of the development begins no later than one hundred eighty10 days after the project beginning date stated on the advance notification.11 (3) The development and the business applying for enterprise zone12 incentives meet all other requirements of the Enterprise Zone Program.13 * * *14 Section 2. This Act shall become effective upon signature by the governor or, if not15 signed by the governor, upon expiration of the time for bills to become law without signature16 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If17 vetoed by the governor and subsequently approved by the legislature, this Act shall become18 effective on the day following such approval.19 SPEAKER OF THE HOUSE OF REPRESENTATI VES PRESIDENT OF THE SENATE GOVERNOR OF THE STATE OF LOUISIANA APPROVED: