LA HB433

Establishes the Site Investment and Infrastructure Improvement Fund as a special fund in the Louisiana state treasury under R.S. 51:2316

Fund receives money transferred or appropriated by the legislature, plus any grants, donations, or gifts; unexpended balances remain in the fund at fiscal year end

Monies must be used solely for economic development efforts, specifically site investment and infrastructure improvements for economic development purposes

Secretary of Louisiana Economic Development required to adopt rules for fund administration, with authority to promulgate emergency rules

Interest earned on fund investments is deposited into the state general fund rather than retained in the fund