Louisiana 2014 2014 Regular Session

Louisiana Senate Bill SB591 Comm Sub / Analysis

                    The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Jay Lueckel.
DIGEST
Morrell (SB 591)
Present law provides for the powers and responsibilities of the Road Home Corporation and the
La. Land Trust.  Provides for housing assistance rendered by the Road Home Corporation, the
La. Land Trust, or rendered through any other house assistance program.
Proposed law retains present law and also provides that whenever such entities develop plans to
bundle single lots or contiguous properties to be sold in bulk at auction, for sale for targeted
development, or for reintroduction to the marketplace through other strategies, such entities shall
ensure that participation in the sale is open to all persons, public or private, including for-profit
as well as nonprofit.
Effective August 1, 2014.
(Adds R.S. 40:600.66(B)(5))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Finance to the original bill
1. Deletes the requirement that whenever the Road Home Corporation, the La. Land
Trust, or other housing entity develops plans to bundle single lots or contiguous
properties to be sold, such entities shall develop the plans with the concurrence of
the appropriate neighborhood or homeowner association.