1. A. LED shall be notified in writing on or before December 31 of any proposed amendments to company’s ITEP contract.

   1. 1. ITEP Contract amendments that do not require Board approval include:

      1. a. A physical change of the manufacturing location occurring in the same Parish.

         1. i. A physical change of the manufacturing location to a different Parish than originally indicated on the project application shall require a new project application that shall include an exemption term no longer than the remaining term of the current ITEP contract.
      2. b. A change in the manufacturing site boundaries, but within the bounds of the project site indicated on the project application.
      3. c. Project start date amendments, provided the amendment request is received in writing by LED prior to the listed start date.

   2. 2. ITEP contract amendments that require Board approval include:

      1. a. any changes in the ownership or operational name of a legal entity holding an ITEP contract.
      2. b. any change to affiliates listed on Schedule I, only as required for the sale or transfer of property between contract holder and named affiliates, in accordance with §567.

   3. 3. Changes in operations that require board approval include:

      1. a. a cessation in whole or in part of the manufacturing operations at the ITEP contract site.
      2. b. the board may consider restrictions or cancellation of a contract for cessation of the manufacturing operation.
2. B. The board shall consider all such ITEP contract amendments strictly on the merits of the request.
3. C. Failure by company to report any of the changes listed above constitutes a breach of the ITEP contract and could result in a restriction or the termination of the ITEP contract or a reduction of an exemption term for an APPR.
4. D. A filing fee shall be submitted with a request for any contract amendment, in accordance with LED’s fee schedule, as defined in R.S. 36:104.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with Article VII, Part 2, Section 21(F) of the Louisiana Constitution of 1974.

Historical Note

HISTORICAL NOTE: Promulgated by the Board of Commerce and Industry and Louisiana Economic Development, LR 51:373 (March 2025).