La. Admin. Code tit. 19 § VII-5115

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

Section VII-5115 - Residency Requirement

A. If a firm that has received Louisiana Small Business Innovative Research-matching grant funds moves its headquarters or research and development operations out of Louisiana within five years of receiving the grant, said firm will be immediately obligated to repay the state the full amount of the state-matching grant received.

La. Admin. Code tit. 19, § VII-5115

Promulgated by the Department of Economic Development, Economic Development Corporation, LR 15:734 (September 1989).

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2322.