ENROLLED
ACT No. 620
2018 Regular Session
HOUSE BILL NO. 146
BY REPRESENTATIVE DAVIS
1 AN ACT
2 To 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.
5 Be 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.
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11 (2) For purposes of this Section, the following terms shall have the following
12 meanings unless the context clearly indicates otherwise:
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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 criteria:
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.:
21 (ii) Facilities or improvements on public or government-owned property that
22 generate new, permanent employment or which help retain existing employment.
23 (iii) Facilities or infrastructure improvements on public or government-
24 owned property necessary for the manufacturing plant or business to operate.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HB NO. 146 ENROLLED
1 Section 2. The provisions of this Act shall be applicable to the funding of all projects
2 included in the capital outlay budget for fiscal years commencing on and after July 1, 2018.
3 Section 3. This Act shall become effective on July 1, 2018.
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.