Louisiana Revised Statutes 51:3113 – Application; recommendation; approval
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Terms Used In Louisiana Revised Statutes 51:3113
- Business: means any individual, firm, joint venture, association, corporation, estate, partnership, business trust, receiver, syndicate, or any other legal business entity. See Louisiana Revised Statutes 51:3111
- Contract: A legal written agreement that becomes binding when signed.
- Department: means the Department of Economic Development unless otherwise designated. See Louisiana Revised Statutes 51:3111
- Program: means the Corporate Headquarters Relocation Program established pursuant to this Chapter. See Louisiana Revised Statutes 51:3111
- Secretary: means the secretary of the Department of Economic Development. See Louisiana Revised Statutes 51:3111
A. At the invitation of the secretary, a business may apply for participation in the program by submitting to the department certified statements and substantiating documents as the department may require.
B. Upon determining the business meets the eligibility requirements of La. Rev. Stat. 51:3112, the secretary may request approval by the Joint Legislative Committee on the Budget of a contract providing for such participation on terms and conditions specified by the secretary.
C. No new contract shall be approved on or after July 1, 2017.
Acts 2012, No. 503, §1, eff. July 1, 2012.