§ 39:1483 — Louisiana Competes Regional Economic Development Program

§1483. Louisiana Competes Regional Economic Development Program
A. There is hereby created the Louisiana Competes Regional Economic
Development Program to be administered by Louisiana Economic Development, to provide
grants to regional economic development organizations pursuant to the Louisiana Competes
Regional Economic Development Program as established in this Chapter.
B. Each regional economic development organization shall receive an initial grant
in the amount of one-eighth of the initial funds appropriated in accordance with the
provisions of this Chapter. Each regional economic development organization shall receive
all subsequent grants in the amount of one-eighth of the annual funds appropriated or
otherwise generated in accordance with the provisions of this Chapter.
C. The secretary shall promulgate administrative rules in accordance with the
Administrative Procedure Act to implement the provisions of this Chapter. The rules shall
be promulgated in consultation with the eight regional economic development organizations
and the Louisiana Chamber of Commerce Foundation.

Legislative History

Acts 2022, No. 556, §1, eff. June 17, 2022.