Louisiana § 51:2362 Accountability requirements; legal agreements; Rapid Response Fund projects

Louisiana Statutes

§ 51:2362 — Accountability requirements; legal agreements; Rapid Response Fund projects

Louisiana § 51:2362

Title 51Trade and Commerce

This text of Louisiana § 51:2362 (Accountability requirements; legal agreements; Rapid Response Fund projects) 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. § 51:2362 (2026).

Text

A. All legal agreements for Rapid Response Fund projects shall include all of the following:

(1)A minimum number of direct, full-time created or retained jobs.

(2)A specified time frame by which these job targets are to be achieved.

(3)Minimum payroll requirements.

(4)The total capital investment to be made by the receiving entity, if applicable.

(5)A specified process by which all targets will be validated.

(6)Required recoupment procedures for nonperformance. B. The provisions of this Section shall not apply to economic development projects in response to a disaster or emergency declared by the governor, or to project agreements with state, local, or federal governmental entities, including the military services.

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A. All legal agreements for Rapid Response Fund projects shall include all of the following:
(1) A minimum number of direct, full-time created or retained jobs.
(2) A specified time frame by which these job targets are to be achieved.
(3) Minimum payroll requirements.
(4) The total capital investment to be made by the receiving entity, if applicable.
(5) A specified process by which all targets will be validated.
(6) Required recoupment procedures for nonperformance.
B. The provisions of this Section shall not apply to economic development projects in response to a disaster or emergency declared by the governor, or to project agreements with state, local, or federal governmental entities, including the military services.