The original instrument was prepared by Sharon F. Lyles. The following digest,
which does not constitute a part of the legislative instrument, was prepared by
Ann S. Brown.
DIGEST
Cortez (SB 64)
Present law provides for the general powers of airport authorities and authorizes airport
authorities to make contracts for a fixed term of no longer than 10 years and to dedicate excess
future revenues above statutory, necessary, and usual charges subject to approval of the State
Bond and Tax Board.
Proposed law changes present law to State Bond Commission.
Present law authorizes the Lafayette Airport Commission to issue bonds or other debt obligations
to construct, acquire, extend, or improve any revenue producing work of public improvements
subject to approval of the State Bond Commission and the Lafayette Parish Police Jury.
Proposed law changes present law to Lafayette City-Parish Council.
Proposed law authorizes the Lafayette Airport Commission to perform the functions of an
economic and industrial development entity which functions may include but shall not be limited
to the following:
(1)Public relations, advertising, marketing, and providing and disseminating information.
(2)Government relations, ombudsman, and government liaison.
(3)Financial and financing assistance.
(4)Tax abatement.
(5)Planning and coordination for economic development and resource utilization, including
such functions as industrial and economic research and industrial programming and
solicitation.
(6)Industrial training, technical assistance, and technology transfer.
(7)The use of public and other legal powers to facilitate development.
(8)Promoting transfer mechanisms to take ideas from their point of origin and development
to commercially successful utilization by local enterprises.
(9)Fostering entrepreneurial activity for the Lafayette Regional Airport. (10)Promoting the development of new products, processes, or services or new uses for
existing products, processes, or services manufactured or marketed for the Lafayette
Regional Airport.
(11)Supporting market research aimed at identifying new markets for local or regional
products and processes, including international markets; determining the characteristics,
needs and preferences of those markets; and developing new marketing techniques to
exploit those markets.
(12)Fostering and supporting economic and industrial development and education in
cooperation with private business enterprises, financial institutions, educational
institutions, nonprofit institutions and organizations, state government and political
subdivisions of the state, the federal government, and other organizations or persons
concerned with research, development, education, commercial application, and economic
or industrial development in ways which increase the economic base of the Lafayette
Regional Airport.
Proposed law provides that for such enumerated purposes, the Lafayette Airport Commission
may engage in whatever activities and projects it deems most appropriate to encourage and assist
economic growth and development, including but not limited to the following:
(1)To plan, acquire, construct, improve, maintain, equip, operate, regulate and protect
economic development facilities, including the acquisition, maintenance and operation of
buildings and other facilities, and the purchase of and sale of supplies, goods, and
commodities as an incident to the operation of its properties. For such purposes an
authority may, by purchase, gift, or lease, acquire property, movable or immovable, or
any interest therein, including easements in land outside the boundaries of such facility
site.
(2)To establish or acquire and maintain economic development facilities in, over, and upon
any public waters of this state, any submerged lands under such public water; and to
construct and maintain buildings, landing floats, causeways, roadways, and bridges for
approaches to or connecting with any such facilities, and landing floats and breakwaters
for the protection thereof.
Effective August 1, 2014.
(Amends R.S. 2:604(6) and (7) and 604.1(A)(1)(intro para), (2), (4) and (B); adds R.S. 2:604.2)
Summary of Amendments Adopted by Senate
Senate Floor Amendments to engrossed bill
1. Makes technical changes.