Louisiana Revised Statutes 25:1226.3 – Authority of the commission
Terms Used In Louisiana Revised Statutes 25:1226.3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The commission shall have the authority to do the following:
(1) Adopt and promulgate rules in accordance with the Administrative Procedure Act to effectuate the provisions of this Part, and to establish eligibility requirements for those entities applying for those tax exemptions and credits provided for in this Part.
(2) Provide assistance to heritage-based cottage industry located in the development zone in accessing existing tax exemption, rebate, and credit programs administered by the department.
(3) Provide assistance to heritage-based cottage industry located in the development zone in accessing capital through existing programs administered by the Louisiana Economic Development Corporation and by various federal agencies.
(4) Provide assistance to heritage-based cottage industry located in the development zone in utilizing educational and small business resource programs administered by various local and state agencies, including but not limited to the community economic development educational programs offered by the Louisiana State University Agricultural Center.
(5) Use funds available to the commission to develop a Louisiana-made product catalog and internet shopping pages.
(6) Use funds available to the commission to identify potential export markets for consumer or durable goods produced in the development zone.
(7) Use funds available to the commission to engage in community revitalization and building rehabilitation initiatives in the development zone.
(8) Use funds available to the commission to match federal funds once national heritage area designation is achieved.
(9) Interpret and provide access to the nationally significant resources of the region.
Acts 2002, 1st Ex. Sess., No. 112, §1, eff. January 1, 2003.