Usufruct
R.S. 51:2362

Accountability requirements; legal agreements; Rapid Response Fund projects ACTIVE

A. All legal agreements for Rapid Response Fund projects shall include all of the following:

(1) A minimum number of direct, full-time created or retained jobs.

(2) A specified time frame by which these job targets are to be achieved.

(3) Minimum payroll requirements.

(4) The total capital investment to be made by the receiving entity, if applicable.

(5) A specified process by which all targets will be validated.

(6) Required recoupment procedures for nonperformance.

B. The provisions of this Section shall not apply to economic development projects in response to a disaster or emergency declared by the governor, or to project agreements with state, local, or federal governmental entities, including the military services.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 2010, No. 383, §1, eff. Jan. 1, 2011

Section navigation

Cite R.S. 51:2362

Bluebook
La. Rev. Stat. Ann. § 51:2362 (2026).
Permalink
https://theusufruct.com/rs/title-51/section-2362
BibTeX
@misc{larevstat-51-2362,
  title        = {La. Rev. Stat. Ann. § 51:2362},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-51/section-2362},
  note         = {Snapshot 2026-05-22}
}