HB1127

Louisiana HB1127 adds requirements for cooperative endeavor agreements between Louisiana Economic Development and nongovernmental entities.

Louisiana HB1127 amends existing law to add requirements for cooperative endeavor agreements between Louisiana Economic Development and nongovernmental entities. Specifically, the bill mandates that any nongovernmental entity receiving incentives from Louisiana Economic Development must spend at least 35% of the received funds on purchasing goods manufactured or produced within the state. This requirement does not apply to existing economic development programs established by the Louisiana Constitution, the Louisiana Revised Statutes of 1950, or by administrative rule prior to August 1, 2026.