Louisiana House Bill HCR58

Louisiana 2011 Regular Session

• Introduced: 5/3/11
• Refer: 5/4/11

Caption

Directs the disaster recovery unit of the office of community development in the division of administration to provide funding for the South La. Economic Council in FY 2011-2012 (OR NO IMPACT See Note)

Impact

The passage of HCR58 would facilitate targeted economic development initiatives within the designated areas of South Louisiana. By providing this funding, the Louisiana government is taking steps to support areas that may have experienced economic challenges, particularly in the wake of disasters. This resolution underscores the state's commitment to bolstering local economies and responding to regional needs effectively.

Summary

HCR58 is a concurrent resolution that directs the disaster recovery unit of the office of community development within the division of administration to allocate $300,000 from its Fiscal Year 2011-2012 appropriation to the South Louisiana Economic Council (SLEC). The resolution is aimed at supporting regional economic development in several parishes in Louisiana, specifically Assumption, Lafourche, St. Mary, and Terrebonne. This funding is intended to assist the SLEC in its role as a not-for-profit agency that focuses on fostering economic growth in the region.

Sentiment

General sentiment surrounding HCR58 appears to be positive as it expresses a proactive governmental approach to economic recovery and support for local development. The allocation of funds to a specific councils like SLEC can foster broader collaboration and coordination for economic initiatives, which is generally viewed favorably by stakeholders interested in regional prosperity.

Contention

While the bill's intent to support economic development is clear, there may be underlying concerns regarding the allocation of state funding to specific agencies. Potential contention could arise around the effectiveness of the SLEC in utilizing these funds and whether they will result in tangible benefits for the local economies. Additionally, some may question the decision-making process surrounding funding allocations and seek transparency on how these financial resources will be employed to ensure accountability.