La. Stat. tit. 51 § 3083

Current with changes from the 2024 3rd Extraordinary Session

Section 51:3083 - [See note for applicability] Policy statement

The primary purpose of the Louisiana Community Development Financial Institution Act, "LCDFI" Act, is to further community development, diminish poverty, provide assistance in the formation and expansion of businesses in economically distressed areas, which create jobs in the state by providing for the availability of venture capital financing to entrepreneurs, managers, inventors, and other individuals for the development and operation of qualified Louisiana businesses.

La. R.S. § 51:3083

Acts 2005, No. 491, §1, eff. July 12, 2005; Acts 2007, No. 345, §2, eff. June 30, 2007.

Repealed by Acts 2024EX3, No. 5,s. 3, eff. 1/1/2025, app. to income tax periods beginning on or after 1/1/2025, and franchise tax periods beginning on or after 1/1/2026.

Acts 2005, No. 491, §1, eff. 7/12/2005; Acts 2007, No. 345, §2, eff. 6/30/2007.