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 773 Reengrossed 2015 Regular Session Leger
Abstract: Authorizes the department to establish a uniform fee schedule for economic development
incentive and financial assistance programs by rule and provides for the recovery of costs
associated with certain administrative functions.
Present law provides that the secretary of the Dept. of Economic Development shall have authority
to establish and collect fees from any person applying for financial incentives granted by the
department.
Proposed law retains present law but additionally authorizes the secretary to recover costs from any
person applying for incentives or assistance granted by the department.
Proposed law authorizes the department to establish the amount of fees to be charged by rule
promulgated in accordance with the APA, but sets the maximum amount of fees as follows:
(1)The fee for an advance notification shall not exceed $250.
(2)The fee for filing an application shall be equal to .5% of the amount of incentives or
exempted taxes. However, the minimum amount of the fee shall be $500 and the maximum
amount of the fee shall be $15,000.
(3)The fee for a loan guaranty shall not exceed 4% of the guaranteed loan amount.
(4)The fee for affidavit of final cost or project completion report shall not exceed $250.
(5)The fee for an annual certification report shall not exceed $250.
(6)The fee for a contract amendment shall not exceed $250.
(7)The fee for a contract renewal shall not exceed $250.
(8)The fee for a statutorily required verification report shall not exceed the actual cost to the
department based on hours expended at a rate not exceeding $250 an hour for
department-contracted services or salary and benefits for department employee services.
Proposed law requires the aforementioned collected fees to be used solely for costs associated with
the administration of department programs Present law provides for a fee schedule for the motion picture investor tax credit.
Proposed law repeals the fee schedule, repeals the provision that amounts deposited shall be credited
to the Entertainment Promotion and Marketing Fund, and that the money in the fund shall be
appropriated by the legislature to be used solely for promotion and marketing of Louisiana's
entertainment industry.
Present law provides for a fee schedule related to applications for state-certified musical or theatrical
facility infrastructure projects.
Present law provides that the La. Economic Development Corporation may charge application and
other fees, and further provides a fee schedule.
Proposed law repeals the fee schedule and provides that the corporation, through the secretary, may
charge application fees in accordance with the schedule adopted pursuant to rule.
Effective July 1, 2015.
(Amends R.S. 36:104(B)(7), R.S. 47:6007(D)(2)(b) and (4), 6015(B)(3)(intro. para.),
6034(E)(2)(a)(i)(aa) and (iii)(aa), and R.S. 51:2317; Adds R.S. 36:104(C) and (D); Repeals R.S.
51:936.2)
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Commerce to the original bill:
1. Make technical corrections.
The House Floor Amendments to the engrossed bill:
1. Require certain fees collected by the Dept. of Economic Development, as provided in
proposed law, to be used solely for costs associated with the administration of
department programs.
2. Make technical changes.