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LA SB515
Bill
Status
3/31/2026
Primary Sponsor
Royce Duplessis
Click for details
AI Summary
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Expands eligibility for the Small Business Innovation Retention Fund to Louisiana businesses that have received any competitively awarded federal grants, not just Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) grants
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Clarifies that SBIR and STTR grants remain included among the qualifying federal grants for financial assistance
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Authorizes the fund to accept both state and federal funding sources, explicitly broadening the potential revenue streams for the fund
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Maintains existing requirement that all fund monies comply with Article VII, Section 9(B) of the Louisiana Constitution regarding the Bond Security and Redemption Fund
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Effective August 1, 2026
Legislative Description
Provides relative to the Small Business Innovation Retention Fund. (8/1/26) (OR SEE FISC NOTE SD EX)
FUNDS/FUNDING
Last Action
Read second time by title and referred to the Committee on Finance.
4/1/2026