HLS 18RS-633 ENGROSSED
2018 Regular Session
HOUSE BILL NO. 146
BY REPRESENTATIVE DAVIS
CAPITAL OUTLAY: Defines "economic development project" for purposes of a late
approval recommendation from the secretary of the Dept. of Economic Development
1 AN ACT
2To amend and reenact R.S. 39:112(C)(2)(b), relative to capital outlay; to provide with
3 respect to the capital outlay process; to provide for certain definitions; to provide for
4 applicability; to provide for an effective date; and to provide for related matters.
5Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 39:112(C)(2)(b) is hereby amended and reenacted to read as follows:
7 ยง112. Capital outlay act
8 * * *
9 C.
10 * * *
11 (2) For purposes of this Section, the following terms shall have the following
12 meanings unless the context clearly indicates otherwise:
13 * * *
14 (b) "Economic development project" means a recruitment or retention
15 project undertaken or sponsored by the Department of Economic Development or a
16 political subdivision or other public entity which has economic development as part
17 of its stated mission or purpose, which meets one of the following:
18 (i) Improvements on public or government-owned property for the purposes
19 of attracting or retaining a specific new or existing manufacturing or business
20 operation that benefits Louisiana.
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HB NO. 146
1 (ii) Facilities or improvements on public or government-owned property and
2 that generate new, permanent employment or which help retain existing employment.
3 (iii) (ii) Facilities or infrastructure improvements on public or government-
4 owned property necessary for the manufacturing plant or business to operate.
5 * * *
6 Section 2. The provisions of this Act shall be applicable to the funding of all projects
7included in the capital outlay budget for fiscal years commencing on and after July 1, 2018.
8 Section 3. This Act shall become effective on July 1, 2018.
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 146 Engrossed 2018 Regular Session Davis
Abstract: Defines an "economic development project" for purposes of a late capital outlay
application seeking a recommendation for inclusion in the capital outlay act from the
secretary of the Dept. of Economic Development.
Present law requires the governor to submit his capital outlay budget which implements the
first year of the five-year capital outlay program and the bond authorization bill for the sale
of bonds to fund projects included in the bond portion of the capital outlay bill to the
legislature no later than the 8
th
day of each regular session.
Present law authorizes capital outlay budget requests submitted after Nov. 1
st
to be included
in the capital outlay act only if the budget request meets all of the applicable requirements
as provided in present law, except for time of submission, and the project is an economic
development project recommended in writing by the secretary of the Dept. of Economic
Development (DED), the project is an emergency project recommended in writing by the
commissioner of administration, the project is for a nonstate entity which meets certain
present law requirements, or the project is located in a designated disaster area and it meets
certain present law requirements.
Proposed law retains present law.
Present law defines the term "economic development" as follows:
(1)Improvements on public or government-owned property for attracting or retaining
a new or existing manufacturing or business operation that benefits La.
(2)Facilities or improvements on public or government-owned property that generate
new, permanent employment or which help retain existing employment.
(3)Facilities or infrastructure improvements on public or government-owned property
necessary for a manufacturing plant or business to operate.
Proposed law changes the term to "economic development project" and defines it as a
recruitment or retention project sponsored by DED or a political subdivision or other public
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HB NO. 146
entity which has economic development as part of its stated mission or purpose, that meets
one of the following:
(1)Improvements on public or government-owned property for attracting or retaining
a new or existing manufacturing or business operation that benefits La. and generates
new, permanent employment or which helps retain existing employment.
(2)Facilities or infrastructure improvements on public or government-owned property
necessary for a manufacturing plant or business to operate.
Applicable to the funding of all nonstate entity projects included in the capital outlay budget
for fiscal years commencing on and after July 1, 2018.
Effective July 1, 2018.
(Amends R.S. 39:112(C)(2)(b))
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.