Louisiana SB71 authorizes the transfer of specific state property in Lafayette Parish to the Lafayette Public Trust Financing Authority.
Louisiana SB71 authorizes the commissioner of administration to transfer certain state property in Lafayette Parish to the Lafayette Public Trust Financing Authority. The bill specifies the property descriptions, reserves mineral rights to the state, and sets terms and conditions for the transfer. The transfer becomes effective upon the governor's signature or, if not signed, upon the expiration of the time for bills to become law without the governor's signature.
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