The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by LG Sullivan.
DIGEST
SB 472 Original 2022 Regular Session Milligan
Proposed law provides for the Transparency in Ownership of Critical Infrastructure Law.
Proposed law defines terms. Proposed law provides that "critical infrastructure" means any facility
or operation related to: grain storage; the manufacture and storage of fertilizer; farming of 160 acres
or more; transportation of goods, including roads, bridges, ferries, ports, and bus, train, and air
terminals; the production or transportation of energy or fuel; and any other facility or operation
designated by the Governor's Office of Homeland Security.
Proposed law requires each person who on June 1, 2022, or thereafter holds an ownership interest
in any property or facility designated as critical infrastructure to report certain information to the
secretary of state and the secretary of the Dept. of Economic Development including the owner's
name and address, an explanation of the organizational structure if the owner is a business entity,
the names and addresses of people who own the entity and those who are key employees. Requires
the report to include information on any debt or obligation incurred to provide funding for the
purchase, upkeep, or enhancement of the critical infrastructure. Requires those who hold ownership
on June 1, 2022, to submit the report no later than July 1, 2022. Requires those who acquire
ownership after June 1, 2022, to submit report within 30 days of the acquisition.
Proposed law provides that failure to report shall be grounds for denial of any permit, license, or
governmental action involving a facility or operation that is considered critical infrastructure of the
state.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Adds R.S. 51:3051-3054)