A. The Board of Commerce and Industry (Article XIV, Section 14(b.2) of the 1921 Louisiana Constitution made statutory by Article XIV, Section 16(A)(10) of the 1974 Louisiana Constitution; R.S. 51:921 through 947; R.S. 47:3201 through 3205) is transferred to and hereafter shall be within Louisiana Economic Development, in accordance with the provisions of R.S. 36:901, except that the Board of Commerce and Industry shall continue to exercise those powers, duties, and functions with respect to the granting of tax exemptions for new manufacturing establishments or extensions thereof which it is authorized by the Constitution of Louisiana or by law to exercise.
B. The following agencies are placed within Louisiana Economic Development and shall perform and exercise their powers, duties, functions, and responsibilities as provided by law:
(1) The Louisiana Board of International Commerce ( R.S. 51:3132 et seq.).
(2) The Louisiana Military Advisory Council (R.S. 29:61 et seq.).
C. The Department of Commerce and Industry (R.S. 51:921 through 938) is hereby abolished and its powers, duties, functions, and responsibilities are transferred to the secretary of Louisiana Economic Development and hereafter shall be exercised and performed as provided in R.S. 36:921 et seq.
D. The Louisiana Economic Development Corporation and its board of directors (R.S. 51:2311 et seq.) are placed within Louisiana Economic Development and shall exercise and perform their duties, powers, functions, and responsibilities in the manner provided for agencies transferred in accordance with R.S. 36:801.
E. The office of entertainment industry development is hereby abolished and its powers, duties, functions, and responsibilities are transferred to Louisiana Economic Development and hereafter shall be exercised and performed as provided in R.S. 36:921 et seq.
F. The office of international commerce is hereby abolished and its powers, duties, functions, and responsibilities are transferred to Louisiana Economic Development and hereafter shall be exercised and performed as provided in R.S. 36:921 et seq.