HB 618 — ECONOMIC DEVELOP/DEPT: Increases certain fees assessed by Louisiana Economic Development (EN +$500,000 SG RV See Note)

HLSENROLLED 26RS-1168 ENGROSSED Regular Session HOUSE BILL NO.

618 BY REPRESENTATIVE MCMAKIN ECONOMICAN DEVELOP/DEPT:ACT ToamendandreenactR.S.36:104(A)(17)(d),(C),and(D)and104.1(B)(1)and(2),(D),and (E) and to enact R.S.

Increases36:104(E), certainrelative to fees and costs assessed by Louisiana Economic DevelopmentDevelopment; AN ACT To amend and reenact R.S.

36:104(C)to andprovide (D)for andreporting 104.1(B)(1)requirements; and (2), (D), and (E) and to enact R.S.

36:104(E),to relativeprovide tofor the amounts of certain fees and costs assessedof bythe Louisianadepartment; Economic Development;toprovidefortheamountsofcertainfeesandcostsofthedepartment;

to authorize reductions in and waiving of certain fees at the discretion ofofthesecretaryofthedepartment;toprovideforaneffectivedate;andtoprovidefor therelated secretarymatters. of the department;

to provide for an effective date;

and to provide for related matters.

SectionSection1. 1.

R.S.36:104(A)(17)(d),(C),and(D)and104.1(B)(1)and(2),(D),and(E) are herebyamended and reenactedand R.S.

36:104(C) and (D) and 104.1(B)(1) and (2), (D), and (E) are hereby amended and reenacted and R.S.

Powers and duties of the secretaryof economic development *A. * * C.

In addition to the functions, powers, and duties otherwise vested in the secretary by law, the secretaryshall:

* * * (17)(a) * * * (d)Anylease,sublease,orsaleofpropertylistedinthisParagraphhastofirst beapprovedbythecommissionerofadministration,withreportingofthetransaction submittedtotheJointLegislativeCommitteeontheBudgetannually.Afterthelease, Page 1 of 4 CODING:

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HB NO.

618 ENROLLED sublease, or sale of property has been initiated, the Joint Legislative Committee on the Budget shall have oversight on the purchase process.

* * * C.

(2) ThefeeforThe feefor filing an application shallshallbeequaltoone-halfofone bepercent equal to one-halfofonepercent of the amount of the incentives or exempted taxes.

Page(3) 1The fee for a loan guaranty shall not exceed four five and one-half percent of 4the CODING:guaranteed loan amount.

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HLS 26RS-1168 ENGROSSED HB NO.

618 (3) The fee for a loan guaranty shall not exceed four five and one-half percent of the guaranteed loan amount.

(5) The fee for an annual certification report, including but not limited to compliance reports, employee reports, and payroll reports, shall not exceed two hundred fifty three hundred fiftyfiftydollars. dollars.

(6) TheThefeefor feefora acontractamendment,contractamendment, including but not limited to a transfer or name change, shall not exceed two hundred fifty three hundred fifty dollars.

(9)Page The2 feeof for4 anyCODING: miscellaneous, unique administrative document, including but not limited to special requests and revised or reissued certification or rebate letters, shall not exceed three hundred fiftydollars.

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HB NO.

618 ENROLLED (9) The fee for any miscellaneous, unique administrative document, including but not limited to special requests and revised or reissued certification or rebate letters, shall not exceed three hundred fiftydollars.

Notwithstanding any provision of law to the contrary, the secretarymay exercise discretion in the collection of fees and may authorize a reduction of or waive fees for small businesses if fees present a financial hardship and are disproportionatetobenefitsreceivedandthereductionorwaiverisdeterminedtobedisproportionateto benefitsreceivedandthereductionorwaiverisdeterminedtobe in the best interest of the state.

Page§104.1. 2 of 4 CODING:

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HLS 26RS-1168 ENGROSSED HB NO.

618 §104.1.

The applicant seeking certification of tax credits shall be required to submit an up-front deposit of the expenditure or expense verification report fee, whichPage shall3 notof exceed4 fifteenCODING: thousand twentythousand dollars, as required bythe relative applicable program statute or rules.

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HB NO.

618 ENROLLED which shall not exceed fifteen thousand twentythousand dollars, as required by the relative applicable program statute or rules.

DIGESTSPEAKER ThedigestprintedbelowwaspreparedbyHouseLegislativeOF Services.THE HOUSE OF REPRESENTATIVES PRESIDENT OF THE SENATE GOVERNOR OF THE STATE OF LOUISIANA APPROVED:

It constitutes nopart of the legislative instrument.