Louisiana 2023 2023 Regular Session

Louisiana House Bill HB210 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 210 Engrossed	2023 Regular Session	Butler
Abstract:  Provides relative to the powers and duties of the Louisiana Local Government
Environmental Facilities and Community Development Authority.
Present law creates and provides for the La. Local Government Environmental Facilities and
Community Development Authority as a political subdivision of the state to address the growing
need in the state for economic development and to assist in the upgrade, rehabilitation, repair, and
construction of infrastructure and environmental facilities to maintain a healthful and safe
environment for the people of the state.
Present law provides that the authority is composed of one or more participating political
subdivisions and is governed by a board of directors.  Provides for the board's powers and duties,
including but not limited to the following:
(1)To sue and be sued.
(2)To adopt an official seal and alter the same at its pleasure.
(3)To adopt bylaws and rules for the regulation of its affairs and the conduct of its business.
(4)To make and execute contracts and all other instruments necessary or convenient for the
exercise of its powers and functions with any federal or state governmental agency, local
political subdivision, public or private corporation, lending institution, or other entity or
person.
(5)To accept, administer, and expend donations of movable or immovable property from any
source, and receive, administer, and expend appropriations from the legislature and financial
assistance, guarantees, insurance, or subsidies from the federal or state government.
(6)To insure, coinsure, reinsure, or cause to be insured, coinsured, or reinsured loans to and
bonds or obligations issued by any participating political subdivision for authorized projects
and pay or receive premiums on such insurance, coinsurance, or reinsurance and establish
reserves for losses.
(7)To borrow money and issue negotiable bonds, or other obligations on behalf of or for the
benefit of or for any participating political subdivision, in the principal amounts and for the
purposes authorized by law, and to provide for the rights of the owners of such bonds, notes, or other obligations, and to provide other financing assistance to participating political
subdivisions.
(8)To invest any funds held in reserve or sinking funds, or any monies not required for
immediate use or disbursements at the discretion of the authority in any investments or
securities in which monies of the state are authorized to be invested.
(9)To accept any gifts or grants or loans of funds or financial or other aid in any form from the
federal government or any agency or instrumentality thereof or from the state or from any
other source and to comply, with the terms and conditions thereof.
(10)To loan money to any political subdivision or other eligible entity under any loan guaranty
program of any department or agency of the U.S., including the U.S. Dept. of Agriculture
Rural Utility Services Water and Waste Disposal Guaranteed Loan Program and Community
Program Guaranteed Loan Program or any such successor guaranty program.
Proposed law retains present law and authorizes the authority to receive, administer, and expend
financial assistance, guarantees, insurance, or subsidies from a private source.  Authorizes the
authority to loan money to a state agency.
Proposed law provides that the powers of the authority shall extend to all parishes of the state. 
Authorizes the authority to exercise these powers directly or through the establishment of a joint
commission by entering into a local services agreement with a parish or municipality pursuant to
present law (R.S. 33:1321 et seq.).
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 33:4548.5(A)(6), (12), and (20); Adds R.S. 33:4548.5(C))
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Municipal, Parochial and
Cultural Affairs to the original bill:
1. Restore present law provisions to clarify that the authority may receive appropriations
from the legislature and financial assistance, guarantees, insurance, or subsidies from the
federal or state government or a private source.