Page 1 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2012 ENROLLED SENATE BILL NO. 754 (Substitute of Senate Bill No. 81 by Senator Mills) BY SENATOR MILLS AN ACT1 To enact R.S. 42:1123(42), relative to the Code of Governmental Ethics; to provide for an2 exception to allow members of the Greater Baton Rouge Port Commission and3 related persons to enter into certain transactions under the supervision and4 jurisdiction of the port under certain circumstances; and to provide for related5 matters.6 Be it enacted by the Legislature of Louisiana:7 Section 1. R.S. 42:1123(42) is hereby enacted to read as follows: 8 ยง1123. Exceptions9 This Part shall not preclude:10 * * *11 (42) A member of the Greater Baton Rouge Port Commission, an12 immediate family member of such a port commission member, or a legal entity13 in which such a port commission member or a member of his immediate family14 has a substantial economic interest from contracting for the sale of grain to the15 operator of a grain elevator that is owned, operated, or managed by the port16 commission provided that:17 (a) The port commission member recuses himself on all matters18 involving such sale of grain and all matters related to the management and19 operation of the grain elevator.20 (b) The terms and conditions of the sale are the same or substantially21 similar as a sale of grain by similarly situated persons who are not port22 commission members or related persons.23 Section 2. This Act shall become effective upon signature by the governor24 or, if not signed by the governor, upon expiration of the time for bills to become law25 ACT No. 737 SB NO. 754 ENROLLED Page 2 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. without signature by the governor, as provided by Article III, Section 18 of the1 Constitution of Louisiana. If vetoed by the governor and subsequently approved by2 the legislature, this Act shall become effective on the day following such approval.3 PRESIDENT OF THE SENATE SPEAKER OF THE HOUSE OF REPRESENTATIVES GOVERNOR OF THE STATE OF LOUISIANA APPROVED: