Current with changes from the 2024 legislative session, Chs. 3, 6-496, effective on or before 7/1/2024
Section 39:1484 - Qualified expendituresA. A regional economic development organization shall only utilize grant funds to pay for qualified expenditures related to the furtherance of economic development within the region it represents. Qualified expenditures are limited to site development costs for publicly owned property or other property to the extent allowable under Article VII, Section 14 of the Constitution of Louisiana and other applicable state law.B. Site development costs include but are not limited to costs incurred for the following:(3) Development of plans and specifications.(4) Entering into option agreements.(5) Infrastructure improvements.(9) Professional services for architectural, engineering, legal, construction, and financial services related to site development.C. Without limiting the provisions of Subsections A and B of this Section, a regional economic development organization shall not utilize any monies awarded pursuant to the provisions of this Chapter for any of the following:(1) Salaries, wages, or benefits.(2) Travel expenses incurred by the regional economic development organization's officers, employees, or contractors.(4) Land, buildings, offices, equipment, or vehicles used primarily for the administrative operations of the regional economic development organization. Acts 2022, No. 556, §1, eff. June 17, 2022.Amended by Acts 2022, No. 556,s. 1, eff. 6/17/2022.Repealed by Acts 2014, No. 864,s. 3, eff. 1/1/2015.