Plain English Breakdown
The official source material does not provide specific details on the consequences of not re-creating LED or the exact nature of the repealed law's impact.
Sunset Law for Louisiana Economic Development
This bill re-creates the Louisiana Economic Development agency on June 30, 2026, and sets a termination date of July 1, 2031, for its statutory authority.
What This Bill Does
- Re-creates the Louisiana Economic Development (LED) on June 30, 2026.
- Sets July 1, 2031 as the effective termination date for LED's statutory authority.
- Updates and enacts new provisions in R.S. 49:191(3)(b) regarding the phase-out period of LED.
- Repeals existing law related to LED's existence.
Who It Names or Affects
- Louisiana Economic Development (LED) agency
- Statutory entities made part of LED
Terms To Know
- Sunset Law
- A law that sets a specific date for the termination or review of another law.
- Statutory Authority
- The legal power given by laws to an agency or organization to operate and make decisions.
Limits and Unknowns
- It is unclear what will happen if LED is not re-created before its termination date.
- The bill does not specify the consequences of repealing R.S. 49:191(1)(a).