LAC 33:VI.1103. Authority

A. Act 655 of the 2004 Regular Session of the Louisiana Legislature enacted R.S. 30:2551-2552, which authorize the creation of a Brownfields Cleanup Revolving Loan Fund. This Act also authorizes the department to make loans to political subdivisions, public trusts, quasi-governmental organizations, nonprofit organizations, or private entities for the cleanup of brownfields properties. B. Act 655 of 2004 further provides authority for the department to establish regulations and procedures for the loan program and authorizes political subdivisions, public trusts, quasi-governmental organizations, nonprofit organizations, or private entities to make loans from the fund. C. Act 612 of the 2018 Regular Session of the Louisiana Legislature amended R.S. 30:2552 to repeal the Brownfields Cleanup Revolving Loan Fund Program, effective July 1, 2020. However, Act 91 of the 2020 Regular Session of the Louisiana Legislature repealed the provisions of Act 612 on June 5, 2020, prior to the effective date of Act 612. As such, the Brownfields Cleanup Revolving Loan Fund Program was reinstated.