Establishes a program to attract major events to the state and dedicates funds therefor. (7/1/15) (EN DECREASE GF RV See Note)
Impact
The legislation impacts state laws by creating a specific funding mechanism for large events deemed beneficial for economic growth, as well as delineating clear guidelines for funding allocation and event qualification. Under this program, specified state tax revenues generated from the occurrence of qualified events will be directed to a new subfund. This financial structure allows the state to support economic development initiatives while managing expenditures more efficiently through a targeted approach.
Summary
Senate Bill 218 aims to establish a Major Events Incentive Program in Louisiana, designed to attract large-scale events to the state. The bill dedicates funds from the Louisiana Mega-Project Development Fund for this purpose, allowing the Department of Economic Development to provide financial incentives to qualifying events. Such events include significant national and international sports competitions, political conventions, and other activities that are expected to boost tourism and economic activity in the state.
Sentiment
Sentiment surrounding SB 218 appears to be generally positive among supporters who view it as a necessary investment in the state's economic future. They argue that attracting major events can significantly enhance tourism, create jobs, and increase state revenues. However, there may also be concerns regarding the appropriateness of using state funds for such purposes, especially in light of competing state budget needs.
Contention
A notable point of contention may arise from discussions on the criteria for what constitutes a 'qualified event' and how this impacts local governance and control over events held in their areas. Some lawmakers may express concerns about prioritizing certain events over others, especially if it leads to unequal opportunities among different regions in Louisiana. The balance between promoting state interests and respecting local priorities could emerge as a significant theme in debates regarding this legislation.
Provides relative to the definition of qualified event or qualified major event and site selection organizations for purposes of the Major Events Incentive Program. (gov sig) (EN SEE FISC NOTE GF RV See Note)
Increases disclosure of political contributions by business entities with public contracts; creates uniform law for contributions by such entities; repeals local option to set contribution limits for business entities.
Increases disclosure of political contributions by business entities with public contracts; creates uniform law for contributions by such entities; repeals local option to set contribution limits for business entities.
Contract Review Permanent Legislative Oversight Committee, review of personal or professional services contracts, limitation that funds be issued on a state warrant removed, occupational and professional licensing boards included as state entities
Campaign finance: contributions and expenditures; certain donations by a contractor or prospective contractor under state contract; prohibit. Amends 1976 PA 388 (MCL 169.201 - 169.282) by adding sec. 30a.