Louisiana 2021 2021 Regular Session

Louisiana House Bill HB600 Comm Sub / Analysis

                    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 600 Original	2021 Regular Session	Goudeau
Abstract:  Exempts property acquired or transferred by the city of Lafayette or Lafayette Parish from
the requirement, that prior to transferring property to a third party, the property must first be
offered to the person from whom it was originally transferred.
Present law requires that when the state or any political subdivision of the state acquires any property
which it subsequently wishes to transfer to another person, the owner who transferred it to the state
or the political subdivision must first be offered the property at fair market value.  Present law
provides for exemptions to this requirement.
Proposed law retains present law exemptions and further exempts property acquired or transferred
by the governing authorities of the city of Lafayette and Lafayette Parish.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 41:1338(A)(2)(b))