La. Admin. Code tit. 13 § III-1905

Current through Register Vol. 50, No. 11, November 20, 2024

Section III-1905 - General Principles

A. The following general principles will direct the administration of the Entertainment Workforce Training Award Program.

1. LEDC shall serve as the single review board for this Entertainment Workforce Training Award Program, which is to be administered by LED, through OEID and WFD.

2. Training awards are not to be construed as an entitlement for companies located or locating in Louisiana; and such awards shall be subject to the discretion of LED.

3. LED shall negotiate with each company seeking an award, based on the individual merits of each project.

4. Contracts for awards shall contain "clawback" (or refund) provisions to protect the state in the event of a default.

5. Award funds shall be utilized for the approved training project only.

La. Admin. Code tit. 13, § III-1905

Promulgated by the Department of Economic Development, Office of the Secretary, Office of Business Development, and the Louisiana Economic Development Corporation, LR 35:55 (January 2009).

AUTHORITY NOTE: Promulgated in accordance with R.S. 36:104, 36:108, 51:2312, and 51:2331 et seq.