§1484. Qualified expenditures
A. A regional economic development organization shall only utilize grant funds to
pay for qualified expenditures related to the furtherance of economic development within the
region it represents. Qualified expenditures are limited to site development costs for publicly
owned property or other property to the extent allowable under Article VII, Section 14 of the
Constitution of Louisiana and other applicable state law.
B. Site development costs include but are not limited to costs incurred for the
following:
(1) Studies.
(2) Surveys.
(3) Development of plans and specifications.
(4) Entering into option agreements.
(5) Infrastructure improvements.
(6) Due diligence.
(7) Remediation.
(8) Wetland delineation.
(9) Professional services for architectural, engineering, legal, construction, and
financial services related to site development.
C. Without limiting the provisions of Subsections A and B of this Section, a regional
economic development organization shall not utilize any monies awarded pursuant to the
provisions of this Chapter for any of the following:
(1) Salaries, wages, or benefits.
(2) Travel expenses incurred by the regional economic development organization's
officers, employees, or contractors.
(3) Alcohol.
(4) Land, buildings, offices, equipment, or vehicles used primarily for the
administrative operations of the regional economic development organization.
Acts 2022, No. 556, §1, eff. June 17, 2022.