ENROLLED
ACT No. 599
2024 Regular Session
HOUSE BILL NO. 142
BY REPRESENTATIVES BEAULLIEU AND BRYANT
1 AN ACT
2 To enact R.S. 33:130.766(A)(2)(d), relative to the Iberia Economic Development Authority;
3 to provide for an increase to the term of certain lease agreements entered into by the
4 authority; and to provide for related matters.
5 Notice of intention to introduce this Act has been published
6 as provided by Article III, Section 13 of the Constitution of
7 Louisiana.
8 Be it enacted by the Legislature of Louisiana:
9 Section 1. R.S. 33:130.766(A)(2)(d) is hereby enacted to read as follows:
10 ยง130.766. Industrial Development
11 A.
12 * * *
13 (2)
14 * * *
15 (d) Notwithstanding any other provision of law to the contrary, the authority
16 may enter into leases having a term, including all renewal terms, not to exceed
17 ninety-nine years in the aggregate. The provisions of this Subparagraph shall only
18 apply to higher education entities and private sector partners recruited by higher
19 education entities evidenced by an agreement in writing for the purposes of
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HB NO. 142 ENROLLED
1 economic and industrial development in the region, at a lease rate of one dollar per
2 year.
3 * * *
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.