La. Admin. Code tit. 13 § V-213
Current through Register Vol. 50, No. 11, November 20, 2024
Section V-213 - Submission and Review ProcedureA. Applicants must submit their completed application to LED for review and evaluation. Submitted applications will be reviewed and evaluated by LED staff. Input may be required from the applicant, targeted industry directors, other staff of the Department of Economic Development and other state agencies as needed in order to evaluate the project in the context of these rules and with respect to the overall economic well-being of the state and local communities. LED may determine that advice of a third party may be appropriate to its analysis of the application and may undertake such a review as part of this procedure.B. An economic cost-benefit analysis of the project, including an analysis of the direct and indirect net economic impact and fiscal benefits to the state and local communities will be prepared by LED and must establish that the award hereunder is in accordance with the requirements of Article VII, Section 14 of the Louisiana Constitution.C. Upon determination that an application meets the general principles of § 205, the eligibility requirements under §207, and meets the criteria set forth for this program under § 209, LED staff will then make a recommendation to the secretary, who may accept or reject the staff's recommendation. The secretary may or may not, in his discretion, then make his own recommendation to the governor, which may or may not follow the recommendation of the staff. The application will then be reviewed and approved or rejected by the governor.La. Admin. Code tit. 13, § V-213
Promulgated by the Department of Economic Development, Office of the Secretary, LR 31:422 (February 2005), amended LR 35:890 (May 2009).AUTHORITY NOTE: Promulgated in accordance with R.S. 36:104 and 36:108.