HLS 14RS-768 ENGROSSED Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Regular Session, 2014 HOUSE BILL NO. 992 BY REPRESENTATIVE ROBIDEAUX LEASES: Provides an exemption from the Louisiana Public Lease Law for lease or other alienation of certain property in Lafayette Parish AN ACT1 To enact R.S. 41:1224.1, relative to leases and other property transactions involving2 specified property in Lafayette Parish; to exempt such leases or transactions from3 general requirements regarding leases of public property, including requirements for4 advertising and bidding; and to provide for related matters.5 Notice of intention to introduce this Act has been published6 as provided by Article III, Section 13 of the Constitution of7 Louisiana.8 Be it enacted by the Legislature of Louisiana:9 Section 1. R.S. 41:1224.1 is hereby enacted to read as follows:10 ยง1224.1. Exceptions to advertisement and bidding requirements11 The provisions of this Chapter do not apply to leases, sales, exchanges,12 cooperative endeavor agreements, joint use agreements, and similar or related13 agreements by any governmental body involving any of the property authorized to14 be transferred to the city of Lafayette by Act No. 385 of the 2009 Regular Session15 of the Legislature, any parcels adjacent to such property, and any parcels made16 adjacent as a result of a transaction authorized by this Section. A property alienated17 pursuant to this Section shall not be subject to any deed restrictions required by Act18 No. 385 of the 2009 Regular Session of the Legislature.19 HLS 14RS-768 ENGROSSED HB NO. 992 Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Section 2. This Act shall become effective upon signature by the governor or, if not1 signed by the governor, upon expiration of the time for bills to become law without signature2 by the governor, as provided in Article III, Section 18 of the Constitution of Louisiana. If3 vetoed by the governor and subsequently approved by the legislature, this Act shall become4 effective on the day following such approval.5 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)] Robideaux HB No. 992 Abstract: Exempts the lease or other alienation of specified property, locally known as the "Horse Farm", in Lafayette Parish from laws regulating leases of public property, which include requirements for advertising and bidding. Present law establishes procedures applicable to the lease of public property; generally requires the public entity to publicly advertise the proposed lease to solicit bidders and requires the awarding of the lease to the highest bidder who meets the requirements of law. Provides relative to terms and renewals of such leases. Provides exceptions. Proposed law provides an additional exception from present law applicable to the lease or other alienation of specified property, locally known as the "Horse Farm" and adjacent property in Lafayette Parish. Otherwise retains present law. Effective upon signature of governor or lapse of time for gubernatorial action. (Adds R.S. 41:1224.1)