HB239

Louisiana HB239 retains the powers and duties of the East Baton Rouge Redevelopment Authority, including property acquisition and disposition.

Louisiana HB239 retains the existing powers and duties of the East Baton Rouge Redevelopment Authority, which is governed by a five-member board of commissioners. The authority can create and execute redevelopment plans, sell or lease property, and dispose of immovable property to private persons or public bodies at fair market value. The bill also limits the final sales price of property acquired with public funds to 110% of the acquisition amount. The authority can temporarily operate or lease acquired property pending its disposition.