La. Admin. Code tit. 19 § VII-2915

Current through Register Vol. 50, No. 11, November 20, 2024

Section VII-2915 - Investment Criteria

A. The criteria for investment may include but not be limited to the following.

1. The applicant will be required to make investments that will at least create jobs in, create wealth in, and shall have a positive economic impact to the economy of Louisiana.

2. The investment made by LEDC shall be made on no less than the same terms and conditions, and with the same expected return on investment, as other private investors.

B. A qualified or eligible fund may charge for services as allowed by the U.S. Treasury.

C. Investment funds may be used for out of state investments, after approval by LED.

D. Investment funds must make investments in accordance to U.S. Treasury guidelines.

La. Admin. Code tit. 19, § VII-2915

Promulgated by the Department of Economic Development, Office of Business Development and the Louisiana Economic Development Corporation, LR 481493 (6/1/2022).

AUTHORITY NOTE: Promulgated in accordance with R.S. 36:104, 36:108 and 51:2312