SB 161 Louisiana Senate · 2025 Regular Session

ECONOMIC DEVELOP DEPT: Provides relative to Louisiana Economic Development. (8/1/25) (EN SEE FISC NOTE SD EX See Note)

SB 161 clarifies the management of Louisiana's Bond Security and Redemption Fund for economic development purposes. It specifies that funds must be used solely for economic development initiatives and defines their sources as legislative appropriations, grants, or donations. The bill also requires the Louisiana Economic Development Department's board to coordinate with state agencies (like Transportation, Agriculture, and Tourism) and develop strategies to attract foreign investment and international business. This affects state agencies managing economic development funds and their coordination efforts, without creating new spending. The changes focus on streamlining fund usage and interagency collaboration.

Bill status signed all 5 stages cleared

Introduction

Apr 2025

Committee Review

Jun 2025

Senate Passage

Jun 2025

House Passage

Jun 2025

Signed into Law

Jun 2025

Introduced Apr 4, 2025 Signed Jun 20, 2025

Maddy AI version diff · 4 comparisons

What changed between versions

SB161 Original → SB161 Act 432 · 5 edits

MODERATE

This bill reorganizes the Louisiana Economic Development agency by renaming it to the 'Louisiana Economic Development Partnership' and creating a new advisory committee. It also grants the secretary broader authority to form single-purpose entities and purchase property for economic projects, while updating the list of agencies transferred to the department.

Scope change

The bill expands the agency's operational scope by allowing the creation of single-purpose entities and adding oversight mechanisms for property transactions.

STRUCTURE

Created a new 'Louisiana Economic Development Partnership' with an advisory committee to replace the previous 'Louisiana Economic Development Corporation'.

Granted the secretary authority to create single-purpose entities to act on behalf of the department for specific economic purposes.

Updated the list of included agencies to remove the abolished Office of Entertainment Industry Development and Office of International Commerce.

REQUIREMENT

Added new requirements for property transactions, mandating approval by the Commissioner of Administration before initiation and oversight by the Joint Legislative Committee on the Budget after initiation.

TECHNICAL

Corrected the list of amended statutes and removed references to repealed sections.

Floor votes · Senate Apr 30, 2025 · House Jun 9, 2025

How they voted

33–0

Passed · 4 other

Total votes 37

Apr 30, 2025

D Democratic11

7 Yea 4

63% Yea

R Republican26

26 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jun 10, 2025

Upper · Passed

Amendments proposed by the House read and concurred in by a vote of 39 yeas and 0 nays.

upper

Jun 9, 2025

Lower · Passed

Read third time by title, roll called on final passage, yeas 100, nays 2. Finally passed, ordered to the Senate.

lower

Jun 3, 2025

Introduced

Reported with Legislative Bureau amendments.

lower

Jun 2, 2025

Lower · Passed

Reported favorably (17-0). Referred to the Legislative Bureau.

lower

May 28, 2025

Committee

Read by title, amended, recommitted to the Committee on Appropriations.

lower

May 27, 2025

Lower · Passed

Reported with amendments (14-0). To be recommitted to the Committee on Appropriations.

lower

May 6, 2025

Committee

Read by title, under the rules, referred to the Committee on Commerce.

lower

Apr 30, 2025

Upper · Passed

Senate floor amendments read and adopted. Read by title and passed by a vote of 35 yeas and 0 nays; ordered reengrossed and sent to the House. Motion to reconsider tabled.

upper

Apr 23, 2025

Upper · Passed

Reported with amendments.

upper

Apr 14, 2025

Committee

Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Commerce, Consumer Protection and International Affairs.

upper

1 primary · 5 co-sponsors