ENROLLED
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
ACT No. 236
Regular Session, 2014
HOUSE BILL NO. 349
BY REPRESENTATIVE BARRAS
AN ACT1
To amend and reenact R.S. 41:1215(B)(7), relative to leases of public property by public2
benefit corporations; to authorize lease payments to be made annually, quarterly, or3
monthly; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 41:1215(B)(7) is hereby amended and reenacted to read as follows:6
ยง1215. Opening of bids; execution of leases; exceptions; public benefit7
corporations; negotiated lease to nonprofit organizations8
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B. For the purposes of this Part a "public benefit corporation" is defined to10
be a nonprofit corporation formed pursuant to the general nonprofit corporation law11
of the state of Louisiana, except those formed pursuant to specific constitutional or12
statutory authority, by a political subdivision of the state of Louisiana through its13
chief executive officer for the purposes of owning, leasing, developing, and14
operating properties owned by such political subdivision or by such public benefit15
corporation, including but not limited to planning, renovating, constructing, leasing,16
subleasing, managing, and promoting such properties, which activity is declared to17
constitute a public purpose, and which shall meet each of the following18
requirements:19
* * *20 ENROLLEDHB NO. 349
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are additions.
(7) All leases or subleases executed by a public benefit corporation under the1
provisions of this Part shall be for a period not exceeding thirty years and shall2
provide for a monthly rental payable in cash monthly, quarterly, or annually, at the3
discretion of the lessor.4
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SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: