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 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))