Louisiana Statutes
§ 27:204 — Status of corporation; exercise of economic development function
Louisiana § 27:204
JurisdictionLouisiana
Title 27Louisiana Legislature
This text of Louisiana § 27:204 (Status of corporation; exercise of economic development function) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
La. Stat. Ann. § 27:204 (2026).
Text
The Louisiana Economic Development and Gaming Corporation shall not be a state agency, except as expressly provided in this Chapter. It is the intent of the legislature that the creation of the corporation, the entering into of a casino operating contract with a private gaming operator, and the revenues received by the corporation shall be in furtherance of and deemed to result from the exercise by the state of its economic development power in partnership with private sector contractors. The amounts received by the corporation and the state from the private contractor are hereby declared to not be a tax or license fee, but rather the proceeds of a joint venture between the corporation and the casino operator in furtherance of economic development.
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Legislative History
Acts 1992, No. 384, §1, eff. June 18, 1992. Redesignated from R.S. 4:604 by Acts 1996, 1st Ex. Sess., No. 7, §3, eff. May 1, 1996.
Nearby Sections
15
§ 27:201
§ 27:201§ 27:203
Official gaming establishment§ 27:205
Definitions§ 27:206
Venue in civil proceedings§ 27:210
§ 27:210§ 27:212
Corporation president; officersCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 27:204, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/27%3A204.