Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

A.  The provisions of La. Rev. Stat. 51:2389(G)(5) shall apply to all records of LCDFI provided to or generated by the Office of Financial Institutions.

B.  In conjunction with the execution of their respective duties and responsibilities, the Office of Financial Institutions and the Department of Revenue may share with one another documents and other materials submitted by a LCDFI or by qualified Louisiana businesses.  All information exchanged by the Office of Financial Institutions and the Department of Revenue shall be kept strictly confidential within the respective agencies.

C.  Notwithstanding any provision in this Section to the contrary, the commissioner and the secretary of the Department of Revenue shall not be prohibited from disclosure of the following information:

(1)  The total amount of certified capital raised.

(2)  The total amount of certified capital raised by each LCDFI.

(3)  The total amount of certified capital invested in qualified Louisiana businesses.

(4)  The total amount of certified capital that each LCDFI has that has yet to meet the fifty percent or one hundred percent requirements contained in La. Rev. Stat. 51:3087.

(5)  The total amount of certified capital invested in qualified Louisiana businesses by each LCDFI.

(6)  The amounts and types of jobs created or retained by the investments of certified capital by each LCDFI.

Acts 2005, No. 491, §1, eff. July 12, 2005; Acts 2007, No. 345, §2, eff. June 30, 2007.