1. A. The COA shall review the application, LED preliminary certification and economic analysis, and determine whether a certification of significant positive economic benefit may be issued.

   1. 1. COA may issue a certification if he finds that there will be significant positive economic benefit received by the state to offset the effect to the state of the tax credits as a result of either:

      1. a. increased port activity because of grant; or
      2. b. otherwise.
   2. 2. The COA’s certification shall state the amount of tax credits for which significant positive economic benefit is determined.
   3. 3. The COA’s certification shall be submitted to the JLCB and the SBC for approval.

   4. 4. If the COA’s certification is approved by both the JLCB and the SBC, it shall be delivered to the Secretary of LED for final certification.

      1. a. Approval by the JLCB shall not be granted earlier than July 1, 2014.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:6036.

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Economic Development, Office of the Secretary, LR 40:2239 (November 2014).