LA SB141

Plaquemines Parish is added to the exemption from state restrictions on forming quasi-public nonprofit corporations, previously limited to political subdivisions with populations exceeding 150,000

Quasi-public nonprofit corporations in Plaquemines Parish may issue negotiable revenue bonds up to $15 million at interest rates not exceeding 8% per annum, with bonds exempt from taxation

All properties and assets owned or operated by such nonprofit corporations in Plaquemines Parish are exempt from state and local taxation, including ad valorem taxes

Public benefit corporations in Plaquemines Parish may execute leases or subleases for up to 99 years, with rental payments in cash as lump sum or installments at the lessor's discretion

Governing authorities of these quasi-public nonprofit corporations must comply with Louisiana's public contract law, Open Meetings Law, and Public Records Law