LAC 13:I.5301. Purpose

A. The purpose of this Chapter is to implement the High Impact Jobs Program as established by R.S. 51:2771. B. This Chapter shall be administered to achieve the following purposes: 1. to encourage companies to create jobs that pay above the parish average wage and offer a basic health plan; and 2. to encourage companies to retain highly skilled workers with advanced degrees. C. Effective date of Act 372 of the 2025 Regular Legislative Session 1. The provisions of Act 372 of the 2025 Regular Legislative Session shall become effective July 1, 2025, however, Louisiana Economic Development shall not issue the first grant until on or after July 1, 2026. D. Effective date of the program rules 1. Notwithstanding any provision of the Administrative Procedure Act to the contrary, rules promulgated are subject to the approval of the Joint Legislative Committee on the Budget.