Louisiana HB1042 authorizes the transfer of certain state property in Jefferson Parish to Marengo Property II, LLC.
HB1042 authorizes the commissioner of administration and the secretary of the Department of Culture, Recreation and Tourism to transfer specific state property in Jefferson Parish to Marengo Property II, LLC. The bill provides for the reservation of mineral rights and specifies that the transfer will be in exchange for consideration proportionate to the appraised value of the property. The transfer will become effective upon the governor's signature or if the bill is not vetoed and subsequently approved by the legislature.
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