HLS 15RS-148 REENGROSSED 2015 Regular Session HOUSE BILL NO. 200 BY REPRESENTATIVES HARRISON AND WHITNEY DISTRICTS/ECONOMIC DEVEL: Provides relative to the Terrebonne Economic Development Authority 1 AN ACT 2To amend and reenact R.S. 33:130.251, 130.252, 130.253, 130.254(A), 130.255, 130.256, 3 130.257(A) and (B)(introductory paragraph), 130.258, and 130.261(C) and (D), 4 relative to the Terrebonne Economic Development Authority; to provide relative to 5 purpose and governance of the authority; to provide relative to the membership of 6 the governing board of the authority; to provide relative to the powers and duties of 7 the authority and its governing board; and to provide for related matters. 8 Notice of intention to introduce this Act has been published 9 as provided by Article III, Section 13 of the Constitution of 10 Louisiana. 11Be it enacted by the Legislature of Louisiana: 12 Section 1. R.S. 33:130.251, 130.252, 130.253, 130.254(A), 130.255, 130.256, 13130.257(A) and (B)(introductory paragraph), 130.258, and 130.261(C) and (D) are hereby 14amended and reenacted to read as follows: 15 §130.251. Terrebonne Economic Development Authority; creation; territorial 16 jurisdiction 17 A. The Terrebonne Economic Development Authority, hereinafter hereafter 18 in this Subpart referred to as the "authority", is hereby constituted and is declared to 19 be a body politic and political subdivision of the state of Louisiana, as defined in 20 Article VI, Section 44 of the Constitution of Louisiana. Pursuant to Article VI, Page 1 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 1 Sections 19 and 21 of the Constitution of Louisiana, the authority, acting through its 2 board of commissioners, the governing authority of said authority, is hereby granted 3 all of the rights, powers, privileges, and immunities granted to political subdivisions 4 for industrial, commercial, research, and economic development purposes, including 5 but not limited to the power of taxation, the power to incur debt and issue revenue 6 and general obligation bonds, certificates of indebtedness, bond and certificate 7 anticipation notes, and refunding bonds, subject to the limitations hereinafter 8 provided in this Subpart. 9 B. The authority created pursuant hereto shall be established for the primary 10 object and purpose of promoting, encouraging, and participating in industrial 11 business development to stimulate the economy through commerce, industry, and 12 research and for the utilization and development of natural, physical, and human 13 resources of the area by providing job opportunities. 14 C. The boundaries of the authority shall be coterminous with the boundaries 15 of Terrebonne Parish. 16 §130.252. Board of commissioners; members; agents and employees 17 A.(1)(a) The authority shall be governed by a board of commissioners 18 consisting of eleven voting members and one nonvoting member selected as 19 provided in this Section. Each voting member during his term of office shall be a 20 citizen of the United States, a qualified voter residing within the limits of the 21 authority, and either a proprietor, partner, or officer of a business within the limits 22 of the authority. 23 (b) Notwithstanding the provisions of Subparagraph (a) of this Paragraph, 24 no member of the board of commissioners appointed pursuant to Item (2)(a)(v) or 25 (vi) of this Subsection shall be required to be a proprietor, partner, or officer of a 26 business within the limits of the authority. 27 (2)(a)(i) Two members shall be appointed by the Terrebonne Parish Council, 28 one of whom shall be appointed at large from the parish and one of whom shall be 29 an African-American selected by the council from a list of two names nominated by Page 2 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 1 the Terrebonne Chapter of the National Association for the Advancement of Colored 2 People. 3 (ii) One member shall be appointed by the Terrebonne Parish president. 4 (iii) Three members shall be appointed by the Terrebonne Parish Council, 5 at least one of whom shall be an African-American, selected by the council from a 6 list of six names nominated by the Houma-Terrebonne Chamber of Commerce. 7 (iv) Three members shall be appointed by the Terrebonne Parish Council, 8 at least one of whom shall be a woman, selected by the council from a list of six 9 names nominated by the South Central Industrial Association. 10 (v) One member shall be appointed by the Terrebonne Parish Council from 11 a list of two nominees submitted by the superintendent of the Terrebonne Parish 12 school system. Each nominee shall be approved by a majority vote of the 13 Terrebonne Parish School Board prior to submission to the parish council. 14 (vi) One member shall be appointed by the Terrebonne Parish Council from 15 a list of two names nominated by the chancellor of L.E. Fletcher Technical 16 Community College. 17 (vii) The president of Nicholls State University, ex officio, who shall be a 18 nonvoting member and shall not be counted for purposes of a quorum, or his 19 designee. 20 (b) Notwithstanding the provisions of Items (iii) and (iv) of Subparagraph 21 (a) of this Paragraph, for each vacancy on the board, the Houma-Terrebonne 22 Chamber of Commerce and the South Central Industrial Association shall submit 23 two names for nomination. Nothing in this Subparagraph shall be construed to affect 24 the qualifications of members imposed by Items (iii) and (iv) of Subparagraph (a) of 25 this Paragraph. 26 (3) Initial appointments shall be made for staggered terms as specified in this 27 Paragraph and at the termination of these initial terms of office, each term of office 28 shall be for three years. Initial terms shall be as follows: Page 3 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 1 (a) Three members, consisting of one member appointed by the parish 2 council from each of the following nominating entities: the Houma-Terrebonne 3 Chamber of Commerce, the South Central Industrial Association, and the chancellor 4 of L.E. Fletcher Technical Community College, shall be appointed for one-year 5 terms. 6 (b) Four members, consisting of one member appointed by the parish council 7 from each of the following nominating entities: the Houma-Terrebonne Chamber of 8 Commerce, the South Central Industrial Association, the superintendent of the 9 Terrebonne Parish School System, and the Terrebonne Chapter of the National 10 Association for the Advancement of Colored People, shall be appointed for two-year 11 terms. 12 (c) Four members, consisting of one member appointed at large by the parish 13 council, one member appointed by the Terrebonne Parish president, and one member 14 appointed by the parish council from each of the following nominating entities: the 15 Houma-Terrebonne Chamber of Commerce and the South Central Industrial 16 Association, shall be appointed for three-year terms. 17 A. The authority shall be governed by a board of commissioners, referred to 18 in this Subpart as the "board", comprised of nine members. Each member shall be 19 a citizen of the United States, a qualified voter residing within the boundaries of the 20 authority, and either a proprietor, partner, or officer of a business located within the 21 boundaries of the authority. The board shall be composed as follows: 22 (1) Two members, both of whom are Black or African American, appointed 23 by the governing authority of the parish of Terrebonne. 24 (2) One member appointed by the president of the parish of Terrebonne. 25 (3) Three members appointed by the governing board of the South Central 26 Industrial Association and confirmed by the governing authority of the parish of 27 Terrebonne. Page 4 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 1 (4) Three members appointed by the governing board of the Houma- 2 Terrebonne Chamber of Commerce and confirmed by the governing authority of the 3 parish of Terrebonne. 4 B. Board members shall serve three-year terms after serving initial terms as 5 provided in this Subsection. 6 (1) The member appointed pursuant to Paragraph(A)(2) of this Section, one 7 member appointed pursuant to Paragraph(A)(3) of this Section, and one member 8 appointed pursuant to Paragraph(A)(4) of this Section shall serve initial terms of one 9 year, as determined by the appointing authority. 10 (2) One member appointed pursuant to Paragraph(A)(1) of this Section, one 11 member appointed pursuant to Paragraph(A)(3) of this Section, and one member 12 appointed pursuant to Paragraph(A)(4) of this Section shall serve initial terms of two 13 years, as determined by the appointing authority. 14 (3) One member appointed pursuant to Paragraph(A)(1) of this Section, one 15 member appointed pursuant to Paragraph(A)(3) of this Section, and one member 16 appointed pursuant to Paragraph(A)(4) of this Section shall serve initial terms of 17 three years, as determined by the appointing authority. 18 B.(1)(a) C.(1)(a) Any vacancy in the membership of the board of 19 commissioners, occurring either by reason of the expiration of the term for which 20 appointed or by reason of death, resignation, or otherwise, shall be filled in the 21 manner of the original appointment. At the expiration of a term a commissioner 22 shall hold office until his successor has been appointed and takes office. 23 (b) Notwithstanding the provisions of Subparagraph (a) of this Paragraph, 24 in the event that the entity responsible for the nomination of a member fails to 25 nominate a successor within sixty days of a vacancy, the Terrebonne Parish Council 26 shall appoint a successor to fill such vacancy from a list of two nominees submitted 27 by the president of Terrebonne Parish. The parish president shall select the two 28 nominees from a list of nominations submitted by business and civic organizations 29 located within the parish. Page 5 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 1 (c)(b) Any vacancy in the membership of the board shall be filled for the 2 remainder of the unexpired term. 3 (2) A commissioner may be appointed to succeed himself, but no person 4 Board members shall be eligible for reappointment; however, no member shall be 5 appointed to serve on the board of commissioners for more than three two 6 consecutive three-year terms. 7 C. D.(1) Any member of the board of commissioners may be removed for 8 cause upon the recommendation of a majority of the board of commissioners and a 9 vote of two-thirds of the members of the Terrebonne Parish Council Board members 10 appointed pursuant to R.S. 33:130.252(A)(2) through (4) may be removed with or 11 without cause by the appointing authority. 12 (2) Board members appointed pursuant to R.S. 33:130.252(A)(2) through (4) 13 may be removed with cause by a two-thirds vote of the remaining board 14 membership. 15 (3) Board members appointed pursuant to R.S. 33:130.252(A)(1) may be 16 removed with or without cause by a two-thirds vote of the governing authority of the 17 parish of Terrebonne. 18 D. E. The members of the board of commissioners shall serve without 19 compensation.; however, the board may reimburse any member for expenses actually 20 incurred in the performance of his duties. 21 F. The board of commissioners shall have the power to may organize and 22 reorganize executive, clerical, and other departments and to fix the duties, powers, 23 and compensation of all officers, agents, and employees of the authority. The board 24 of commissioners may reimburse any member for expenses actually incurred in the 25 performance of his duties hereunder. 26 E. G. Members of the board, individually, and members of their immediate 27 families are prohibited from bidding on or entering into any contract, subcontract, 28 or other transaction that is under the supervision or jurisdiction of the authority. Page 6 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 1 F. H. Elected officials are prohibited from serving on the board of 2 commissioners. 3 §130.253. Officers; meetings; quorum; rules; report 4 A. The board of commissioners shall elect from among its own members a 5 president, a vice president, a secretary, and a treasurer, whose duties shall be those 6 usual to such offices. At the option of the board of commissioners, the offices of 7 secretary and treasurer may be held by one person. 8 B. The board of commissioners shall meet in regular session once each 9 month and shall also meet in special session as often as the president of the board 10 convenes them or on the written request of six four members. Six Five members of 11 the board of commissioners shall constitute a quorum. 12 C.(1) The board of commissioners shall prescribe rules to govern its 13 meetings, except that the president shall not be required to vote except in case of a 14 tie vote. 15 (2) The board shall maintain suitable offices in the parish of Terrebonne. 16 D. The board shall render submit annually to the governing authority of the 17 parish of Terrebonne, within one hundred twenty days following the end of each 18 calendar year, a report in triplicate of its activities, together with a financial report 19 disclosing all receipts and disbursements of the commission authority. 20 §130.254. Advisory committee 21 A. The board of commissioners may establish and appoint an advisory 22 committee. The advisory committee shall meet periodically with the board of 23 commissioners. may establish advisory committees and may appoint members to any 24 such committee. Advisory committees shall meet with the board upon the request 25 of a majority of the board membership. 26 * * * 27 §130.255. Powers of authority 28 A. The authority, acting by and through its board of commissioners, shall 29 have and may exercise all powers of a political subdivision necessary or convenient Page 7 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 1 for the carrying out of its objects and purposes, including but not limited to rights 2 and powers set out in this Subpart: 3 (1) To sue and be sued. 4 (2) To adopt, use, and alter at will a corporate seal. 5 (3) To acquire by donation, grant, purchase, or lease, or otherwise, all 6 property, including servitudes or rights of use; to hold and use any franchise or 7 property, immovable or movable, corporeal or incorporeal, or any interest therein, 8 necessary or desirable for carrying out the objects and purposes of the authority, 9 including but not limited to the establishment, maintenance, and operation of 10 industrial parks. 11 (5)(4) To receive by grant, or donation, or ortherwise any sum of money, or 12 property, aid, or assistance from the United States, the state of Louisiana, or any 13 political subdivision thereof, or any person, firm, or corporation. 14 (6)(5) To enter into contracts for the purchase, acquisition, construction, 15 maintenance, and improvement of works and facilities necessary in connection with 16 the purposes of the authority. 17 (7)(6) In its own name and on its own behalf to incur debt and to issue 18 general obligation bonds, revenue bonds, certificates, notes, and other evidences of 19 indebtedness and to levy and cause to be collected ad valorem taxes as provided in 20 this Subpart and as may be provided by general law. 21 (8) To require and issue licenses with respect to its properties and facilities. 22 (9)(7) To regulate the imposition of fees and rentals charged by the authority 23 for its facilities and for services rendered by it. 24 (10)(8) To mortgage properties constructed or acquired and to borrow money 25 and pledge all or part of its revenues, leases, rents, or other advantages as security 26 for such loans. 27 (11)(9) To sell immovable property owned by the commission authority after 28 legal notice as provided by law for the judicial sale of immovable property. Page 8 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 1 (12) To appoint officers, agents, and employees, prescribe their duties, and 2 fix their compensation. 3 (13)(10) To contract, upon such terms as it may agree upon, for legal, 4 financial, engineering, and other professional services necessary or expedient in the 5 conduct of its affairs. 6 (14)(11) To utilize the services of the executive departments of the state 7 upon mutually agreeable terms and conditions. 8 (15)(12) To do any and all things necessary or proper for the government, 9 regulation, development, and control of the business of the board of commissioners. 10 B. The legislature may confer additional powers upon the commission not 11 inconsistent with the provisions hereof; provided that no such provisions shall impair 12 any contract lawfully entered into by the commission. The authority shall not be 13 deemed to be an instrumentality of the state for purposes of Article X, Section 1(A) 14 of the Constitution of Louisiana. 15 §130.256. Industrial development 16 A.(1) The authority shall have the power to may construct and acquire 17 industrial parks and industrial plant buildings, and subordinate and related facilities, 18 including the acquisition of sites and other necessary property or appurtenances 19 thereto within the boundaries of the authority, or outside the boundaries of the 20 authority if the project is undertaken conjointly with another state or with other local 21 units of government, under the authority of the local services law, R.S. 33:1321 et 22 seq., or other authorizing authority, and to acquire, construct, improve, operate, 23 maintain, and provide improvements and services necessary therefor, including but 24 not limited to roads, street lighting, bridges, rail facilities, drainage, sewers, sewerage 25 disposal facilities, solid waste disposal facilities, waterworks, and other utilities and 26 related properties, consistent with applicable parish regulations and policies. 27 (2)(a) The authority shall also have the authority to may also sell, lease, or 28 otherwise dispose of, by suitable and appropriate contract, to any enterprise locating Page 9 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 1 or existing within the boundaries of the authority all or any part of a site, building, 2 or other property owned by the authority. 3 (b) In determining the consideration for any contract to lease, sell, or 4 otherwise dispose of lands, buildings, or other property of the authority, the board 5 of commissioners may take into consideration the value of the lands, buildings, or 6 other properties involved as well as the potential value of the economic impact of the 7 enterprise being induced to locate or expand within the boundaries of the authority. 8 Such economic impact shall include increased employment, increased use of local 9 labor, wages and salaries to be paid, consumption of local materials, products, and 10 resources, and special tax revenue to be generated by the enterprise acquiring or 11 leasing lands, buildings, or other property from the authority. In no event, however, 12 and under no circumstances shall the board dispose of any property of the authority 13 for less than the fair market value of the property as defined in R.S. 47:2321 without 14 the prior approval of the State Bond Commission. 15 (c) The authority shall be empowered to may enter into leases having a term, 16 including all renewal terms, not to exceed fifty years in the aggregate; provided that 17 there shall be a provision for periodic adjustments of the rental rate, commensurate 18 with economic conditions, during the fifty-year term. 19 (d) The approval of the State Bond Commission shall be conclusive for 20 purposes of compliance with the requirements of this Paragraph. 21 (3)(a) The resolution or ordinance adopted by the board of commissioners 22 authorizing any lease, sale, or other disposition of lands, buildings, or other property 23 of the authority or any attachment thereto shall set forth, in a general way, the terms 24 of the authorized lease, sale, or other disposition, and such resolution or ordinance 25 shall be published as soon as possible in one issue of the official journal of the 26 authority. 27 (b) For a period of thirty days from the date of publication of any such 28 resolution or ordinance, any interested person may contest the legality of such 29 resolution or ordinance or the validity of the authorized lease, sale, or other Page 10 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 1 disposition of authority property, after which time no one shall have any cause of 2 action to contest the legality of the authorized lease, sale, or other disposition of 3 authority property for any cause whatsoever, and it shall be conclusively presumed 4 thereafter that every legal requirement has been complied with and no court shall 5 have authority to inquire into such matters after the lapse of said the thirty days. 6 B. The authority shall have the following additional powers, together with 7 all powers incidental thereto or necessary for the performance of those hereinafter 8 stated its duties: 9 (1) To acquire, whether by purchase, exchange, donation, or lease, or 10 otherwise, and to construct and improve, maintain, equip, and furnish one or more 11 economic development projects, including all immovable and movable properties 12 which the board of commissioners may deem necessary in connection therewith. 13 (2) To lease or to contract for the use of any or all of its authorized projects 14 and to charge and collect rent, fees, or charges therefor, and to terminate any such 15 lease or contractual arrangement upon the failure of the obligations thereof, all as 16 may be provided for in the lease agreement to which the authority may become a 17 party. 18 (3) To sell, exchange, donate, and convey any or all of its projects upon such 19 terms and conditions as the board of commissioners may deem advisable, including 20 the power to receive for any such sale the first mortgage note or notes of the 21 purchaser of a project representing unpaid installments of the purchase price due by 22 the purchaser to the authority whenever the board of commissioners finds any such 23 actions to be in furtherance of the purpose for which the authority was organized. 24 (4) As security for the payment of the principal of and interest on any bonds, 25 notes, or other obligations of the authority, and any agreements made in connection 26 therewith, to mortgage and pledge any or all of its projects or any part or parts 27 thereof, whether then owned or thereafter acquired, and to pledge the revenues and 28 receipts therefrom or from any other source. Page 11 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 1 (5)(a) To enter into any cooperative financing of an economic development 2 project between or among the authority and the state, any of its local governmental 3 subdivisions, political corporations or public benefit corporations, the United States 4 or its agencies, or any public or private association, corporation, or individual. Said 5 The methods of financing shall include loan guarantees, land write-downs, grants, 6 lease guarantees, or any form of financial subsidy or incentive that complies with the 7 provisions of Article VII, Section 14 of the Constitution of Louisiana. 8 (b) To enter into any cooperative development between or among the 9 authority and the state, any of its local governmental subdivisions, political 10 corporations or public benefit corporations, the United States or its agencies, or any 11 public or private association, corporation, or individual. Said The methods of 12 cooperative development shall include but not be limited to any number of joint 13 development agreements such as condominiums and cooperative ownership, limited 14 partnerships, and investment syndicates not prohibited by the Constitution of 15 Louisiana. Regardless of the method of financing, the authority shall attempt to 16 obtain the most favorable security available in order to protect and ensure recovery 17 of sums loaned or paid pursuant to such financing. 18 (c) "Cooperative endeavor" means any form of economic development 19 assistance between or among the authority and the state, any of its local 20 governmental subdivisions, political corporations or public benefit corporations, the 21 United States or its agencies, or any public or private association, corporation, or 22 individual. The term "cooperative endeavor" shall include but not be limited to 23 cooperative financing, cooperative development, or any other form of cooperative 24 economic development activity. 25 §130.257. Funding sources; fees and ad valorem tax; borrowing money 26 A.(1) The board of commissioners may, when necessary and with approval 27 of the parish council governing authority of the parish of Terrebonne, levy annually 28 an ad valorem tax not to exceed five mills on the dollar of assessed valuation of all 29 property, provided that the amount, term, and purpose of said the tax, as set out in Page 12 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 1 a proposition submitted to a vote in accordance with the Louisiana Election Code, 2 shall be approved by a majority of the qualified electors voting in a special election 3 held for that purpose. 4 (2) The authority may receive not more than fifty percent of Terrebonne 5 Parish's occupational license tax revenues beginning January 1, 2005, and all the 6 proceeds of a building permit charge dedicated by the parish council governing 7 authority of the parish of Terrebonne to the authority, upon execution of a 8 cooperative endeavor agreement with the Terrebonne Parish Consolidated 9 Government governing authority of the parish. 10 B. All funds derived under this Section may be used for any expenses or 11 purposes of the authority. The board of commissioners shall may establish and 12 maintain, in addition to all necessary and normal accounts, the following special 13 accounts: 14 * * * 15 §130.258. Obligations of the authority 16 A. The authority shall have authority to may incur debt for any one or more 17 of its lawful purposes set forth in this Subpart, to issue in its name negotiable bonds, 18 notes, certificates of indebtedness, or other evidences of debt and to provide for the 19 security and payment thereof. 20 B.(1) The authority may in its own name and behalf incur debt and issue 21 general obligation ad valorem property tax secured bonds under the authority of and 22 subject to the provisions of Article VI, Section 33 of the Constitution of Louisiana, 23 Subpart A of Part III of Chapter 4 of Subtitle II of Title 39 of the Louisiana Revised 24 Statutes of 1950, when approved by a majority of the qualified voters who vote in 25 a special election called and conducted under the authority of the Louisiana Election 26 Code, including Chapter 6-A of Title 18 of the Louisiana Revised Statutes of 1950, 27 as amended. General obligation bonds of the authority may be issued for any of the 28 purposes for which the authority is created or is authorized to act under any 29 provisions of this Subpart, all of which purposes are hereby found and declared to Page 13 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 1 be public purposes and functions of the state of Louisiana, which are delegated to the 2 authority. 3 (2) The authority may in its own name and behalf issue revenue bonds for 4 the purposes for which the authority is created or is authorized to act under any of 5 the provisions of this Subpart, including industrial and commercial development 6 revenue bonds. Said The bonds shall be issued in the manner as provided for in R.S. 7 39:991 through 1001 and R.S. 39:1011 through 1024. 8 (3) The authority may in its own name and behalf borrow from time to time 9 in the form of certificates of indebtedness. The certificates shall be secured by the 10 dedication and pledge of monies of the authority derived from any lawful sources, 11 including fees, occupational license revenues, building permit charges dedicated to 12 the authority, lease rentals, service charges, local service agreement payments from 13 one or more other contracting parties, the avails of ad valorem property taxation, or 14 any combination of such sources of income, provided that the term of such 15 certificates shall not exceed ten years and the annual debt service on the amount 16 borrowed shall not exceed the anticipated revenues to be dedicated and pledged to 17 the payment of the certificates of indebtedness, as shall be estimated by the board of 18 commissioners of the authority at the time of the adoption of the resolution 19 authorizing the issuance of such certificates. The estimate of the board of 20 commissioners referred to in the authorizing resolution shall be conclusive for all 21 purposes of this Section. 22 (4) The authority may borrow the amount of the anticipated ad valorem tax, 23 not to exceed five mills, authorized by R.S. 33:130.257, for a period not to exceed 24 ten years and may issue certificates of indebtedness therefor and may dedicate the 25 avails of the tax funded for the payment thereof for the period of time said the 26 certificates are outstanding. 27 (5) The board of commissioners, with approval of the parish council 28 governing authority of the parish, is authorized to may adopt all necessary 29 resolutions or ordinances which may be necessary for ordering, holding, canvassing, Page 14 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 1 and promulgating the returns of any election required for the issuance of general 2 obligation bonds, or limited tax secured obligations, or for the voting of a property 3 tax millage, which resolutions or ordinances may include covenants for the security 4 and payment of any bonds or other evidence of debt so issued. 5 (6) For a period of thirty days from the date of publication of any resolution 6 or ordinance authorizing the issuance of any bonds, certificates of indebtedness, 7 notes, or other evidence of debt of the authority, any interested person may contest 8 the legality of such resolution or ordinance and the validity of such bonds, 9 certificates of indebtedness, notes or other evidence of debt issued or proposed to be 10 issued thereunder and the security of their payment, after which time no one shall 11 have any cause of action to contest the legality of said the resolution or ordinance or 12 to draw in question the legality of said the bonds, certificates of indebtedness, notes, 13 or other evidence of debt, the security therefor, or the debts represented thereby for 14 any cause whatever, and it shall be conclusively presumed that every legal 15 requirement has been complied with, and no court shall have authority to inquire into 16 such matters after the lapse of thirty days. 17 (7) The issuance and sale of such bonds, certificates of indebtedness, notes, 18 or other evidence of debt by the authority shall be subject to approval by the State 19 Bond Commission. 20 (8) Such bonds, certificates of indebtedness, notes, or other evidence of debt 21 shall have all the qualities of negotiable instruments under the commercial laws of 22 the state of Louisiana. 23 * * * 24 §130.261. General compliances; enhancement; budget 25 * * * 26 C.(1) The board of commissioners of the authority shall annually prepare a 27 financial statement which shall be presented to the legislative auditor pursuant to the 28 provisions of R.S. 24:513. The legislative auditor shall thereafter publish his 29 findings in the official journal of the authority. Page 15 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 1 (2) Within thirty days following submission of the financial statement to the 2 legislative auditor, the board of commissioners of the authority, or a designated 3 officer of the board, shall present to the Terrebonne Parish Council governing 4 authority of the parish of Terrebonne at a public meeting a copy of such statement 5 for public review. 6 D. The board of commissioners of the authority shall submit to the 7 Terrebonne Parish Council governing authority of the parish of Terrebonne an 8 annual proposed budget for the operation of the authority for the upcoming fiscal 9 year. The budget shall be deemed accepted unless rejected by two-thirds vote of the 10 parish council governing authority. After the budget has been accepted by the parish 11 council governing authority, the authority may incur liabilities and make 12 expenditures during the fiscal year in accordance with such budget. 13 * * * 14 Section 2. The terms of the members of the governing board of the Terrebonne 15Economic Development Authority in office on the effective date of this Act shall terminate 16on the effective date of this Act; however, such members shall remain in office until the 17board members are appointed as provided in this Act and take office. The members of the 18governing board of the Terrebonne Economic Development Authority shall be appointed and 19take office as provided in this Act. 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)] HB 200 Reengrossed 2015 Regular Session Harrison Abstract: Relative to the Terrebonne Economic Development Authority, provides relative to membership of the authority's governing board and provides for the powers and duties of the authority and its governing board. Present law creates and provides for the Terrebonne Economic Development Authority as a political subdivision of the state for the primary object and purpose of promoting, encouraging, and participating in industrial development to stimulate the economy through commerce, industry, and research and for the utilization and development of natural, physical, and human resources of the area by providing job opportunities. Provides that district boundaries are coterminous with the boundaries of Terrebonne Parish. Page 16 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 Proposed law retains present law except provides that the purpose of the district is for business development rather than industrial development. Present law grants the authority all of the rights, powers, privileges, and immunities granted to political subdivisions for industrial, commercial, research, and economic development purposes, including but not limited to the power of taxation, the power to incur debt and issue bonds, subject to limitations provided in present law. Proposed law removes the powers granted for industrial, commercial, and research, purposes. Proposed law otherwise retains present law. Present law provides that the board of commissioners of the authority is composed of 11 voting members and one nonvoting member as follows: (1)Two members appointed by the Terrebonne Parish Council, one of whom is appointed at large from the parish and one of whom is an African-American selected by the council from a list of two names nominated by the Terrebonne Chapter of the National Association for the Advancement of Colored People. (2)One member appointed by the Terrebonne Parish president. (3)Three members appointed by the Terrebonne Parish Council, one of whom is an African-American, selected by the council from a list of six names nominated by the Houma-Terrebonne Chamber of Commerce. (4)Three members appointed by the Terrebonne Parish Council, one of whom is a woman, selected by the council from a list of six names nominated by the South Central Industrial Association. (5)One member appointed by the Terrebonne Parish Council from a list of two names nominated by the superintendent of the Terrebonne Parish school system. (6)One member appointed by the Terrebonne Parish Council from a list of two names nominated by the chancellor of L.E. Fletcher Technical Community College. (7)The president of Nicholls State University or his designee who is a nonvoting member and is not counted for purposes of a quorum. Proposed law instead provides that the authority is governed by a board of nine members as follows: (1)Two members appointed by the governing authority of Terrebonne Parish, both of whom are Black or African American. (2)One member appointed by the president of Terrebonne Parish. (3)Three members appointed by governing board of the South Central Industrial Association and confirmed by the governing authority of Terrebonne Parish. (4)Three members appointed by the governing board of the Houma-Terrebonne Chamber of Commerce and confirmed by the governing authority of Terrebonne Parish. Proposed law provides that board members appointed pursuant to (2) through (4) above may be removed with or without cause by the appointing authority and with cause by a two-thirds vote of the remaining board membership. Provides that board members appointed pursuant to (1) above may be removed with or without cause by a two-thirds vote of the governing authority of Terrebonne Parish. Page 17 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 Present law provides that board members serve three-year staggered terms. Requires board members to serve without compensation but authorizes reimbursement. Proposed law retains present law. Present law requires all voting members to be citizens of the U.S. and qualified voters residing within the limits of the authority. Requires 10 of the 11 voting members to be either a proprietor, partner, or officer of a business within the limits of the authority. Proposed law instead requires all members to be citizens of the U.S., qualified voters residing within the boundaries of the authority, and either a proprietor, partner, or officer of a business within the boundaries of the authority. Present law requires the Terrebonne Parish Council to fill a vacancy if the nominating entity fails to nominate a successor within 60 days of the vacancy. Requires the council to appoint a successor from a list of two names submitted by the parish president. Proposed law removes present law. Present law provides that board members are eligible for reappointment; however, no member can be appointed to serve for more than three consecutive terms. Proposed law provides instead that no board member can be appointed to serve for more than two consecutive terms. Otherwise retains present law provisions providing for reappointment of board members. Present law authorizes the board to establish and appoint an advisory committee. Requires the advisory committee to meet periodically with the board. Proposed law instead authorizes the board to establish advisory committees and appoint members to any such committee. Requires the advisory committees to meet upon the request of a majority of the board membership. Present law provides for the powers and duties of the Terrebonne Economic Development Authority, including but not limited to the following: (1)To sue and be sued. (2)To adopt, use, and alter at will a corporate seal. (3)To acquire by donation, grant, purchase, lease, or otherwise, all property, including servitudes or rights of use. (4)To enter into contracts for the purchase, acquisition, construction, maintenance, and improvement of works and facilities necessary in connection with the purposes of the authority. (5)To require and issue licenses with respect to its properties and facilities. (6)To appoint officers, agents, and employees, prescribe their duties and fix their compensation. Proposed law retains present law except removes the power to require and issue licenses with respect to its properties and facilities and to appoint officers, agents, and employees. Additionally removes the power to use other means to acquire property, other than by donation, grant, purchase, or lease. Present law authorizes the legislature to confer additional powers on the authority; provides however, that nothing can impair any contract lawfully entered into by the authority. Proposed law removes present law. Proposed law additionally provides that the authority shall not be deemed to be an instrumentality of the state for purposes of civil service provisions of the Constitution of La. Page 18 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-148 REENGROSSED HB NO. 200 Present law defines "cooperative endeavor" to mean any form of economic development assistance between or among the "authority" and the state, any of its local governmental subdivisions, political corporations or public benefit corporations, the U.S. or its agencies, or any public or private association, corporation, or individual. Proposed law removes present law. Present law requires the board to establish and maintain special accounts including, a revolving loan guarantee fund to guarantee certain loans, an economic development operation fund for the attraction of industries, and an account for the maintenance and operation of a governmental procurement center to provide necessary information to companies and individuals engaged in providing certain services and goods. Proposed law authorizes rather than requires the board to establish these special accounts. Proposed law provides that the terms of the members of the authority in office on the effective date of proposed law shall terminate on such date; however, the members must remain in office until members are appointed pursuant to proposed law and take office. (Amends R.S. 33:130.251, 130.252, 130.253, 130.254(A), 130.255, 130.256, 130.257(A) and (B)(intro. para.), 130.258, and 130.261(C) and (D)) Summary of Amendments Adopted by House The Committee Amendments Proposed by House Committee on Municipal, Parochial and Cultural Affairs to the original bill: 1. Change the qualifications for the two members appointed by the governing authority of Terrebonne Parish and the member appointed by the president of Terrebonne Parish. 2. Remove provisions that grant to the authority the power to use other means to acquire property, including economic development projects, other than by purchase, donation, grant, exchange, or lease. Additionally removes provisions that grant to the authority the power to use other means to receive money, property, or other assistance other than by grant or donation. The House Floor Amendments to the engrossed bill: 1. Are solely technical. Page 19 of 19 CODING: Words in struck through type are deletions from existing law; words underscored are additions.