§ 4:289 — Applicability of other laws

§289. Applicability of other laws
Except as otherwise provided in this Section, the corporation shall be subject to the
Public Records Law, the Open Meetings Law, and the Code of Governmental Ethics. Until
thirty days prior to the date the board of directors is scheduled to consummate a final sale or
lease of any immovable property owned by the corporation, the board may meet in executive
session to discuss negotiations between the corporation and any prospective vendor or lessee
of that property. R.S. 44:31 through 35 shall not apply to any records related to the
negotiations of or to the terms of such a sale or lease until thirty days prior to the date the
board of directors is scheduled to consummate a final sale or lease. The board shall give
written public notice of its intention to consummate a final sale or lease at least thirty days
prior to the date on which the board intends to take such action. This notice shall comply
with the procedural provisions of R.S. 42:19.

Legislative History

Acts 2025, No. 512, §1.