HLS 12RS-1296 ORIGINAL
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2012
HOUSE BILL NO. 692
BY REPRESENTATIVE ALFRED WILLIAMS
ECONOMIC DEVELOPMENT: Provides relative to the membership of the board of
directors of the Research Park Corporation
AN ACT1
To amend and reenact R.S. 17:3396.4(A)(introductory paragraph) and (6) and to enact R.S.2
17:3396.4(A)(7), relative to the Research Park Corporation; provides relative to3
membership of the board of directors; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 17:3396.4(A)(introductory paragraph) and (6) are hereby amended6
and reenacted and R.S. 17:3396.4(A)(7) is hereby enacted to read as follows: 7
ยง3396.4. Membership of board of directors; vacancies; compensation; expenses;8
executive committee9
A. The corporation shall be managed by a board of directors consisting of10
not less than nine ten and not more than twelve thirteen members. The following11
individuals shall serve on the board of directors:12
* * *13
(6) The designee of the chief executive officer of the Baton Rouge Area14
Chamber.15
(6) (7) In addition, the board members designated in Paragraphs (1) through16
(5) (6) of this Subsection shall elect at least four but not more than seven individuals17
to represent the business sector to serve on the board of directors. Any vacancy18
occurring among the elected members shall be filled in accordance with the bylaws19
of the corporation.20
* * *21 HLS 12RS-1296 ORIGINAL
HB NO. 692
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
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)]
Alfred Williams HB No. 692
Abstract: Provides relative to the membership of the board of directors of the Research
Park Corporation.
Present law authorizes the establishment of the Research Park Corporation as a public,
nonprofit corporation authorized to create, develop, construct, operate, manage, and finance
a research and development park in cooperation with the Board of Supervisors of LSU A&M
College, the Board of Supervisors of SU A&M College, and the governing authority of the
appropriate municipality or parish.
Present law provides that the corporation shall be managed by a board of directors consisting
of not less than nine and not more than 12 members as follows:
(1)The designee of the mayor-president of the city of Baton Rouge and the parish of
East Baton Rouge.
(2)The designee of the president of the LSU System.
(3)The designee of the president of the SU System.
(4)The designee of the secretary of the Dept. of Economic Development.
(5)One member selected by the Economic Freedom Association.
(6)In addition, the aforementioned board members shall elect at least four but not more
than seven individuals to represent the business sector to serve on the board of
directors.
Proposed law adds the designee of the chief executive officer of the Baton Rouge Area
Chamber to the corporation. Otherwise retains present law.
(Amends RS 17:3396.4(intro. para.) and (6); Adds R.S. 17:3396.4(A)(7))