Louisiana § RS 39:1485 - Cooperative endeavor agreement; term; public fund matching
Full text of Louisiana Louisiana Civil Code § RS 39:1485 — Cooperative endeavor agreement; term; public fund matching, with citation guidance and answers to common questions.
§ RS 39:1485. Cooperative endeavor agreement; term; public fund matching
A. Within thirty calendar days after adoption of administrative rules promulgated for the implementation of this Chapter, the regional economic development organization and the state shall enter into a cooperative endeavor agreement as provided for in R.S. 33:9029.2. The objectives and intent of each cooperative endeavor agreement shall be in conformity with the objectives and intent of this Chapter. Accordingly, the obligations of the regional economic development organization set forth in the cooperative endeavor agreement shall be limited to the following:
(1) Identifying high-priority sites for the purpose of attracting economic development projects.
(2) Developing high-priority sites for the purpose of attracting economic development projects.
(3) Developing and subsequently providing an annual report of all activities related to the objectives of the cooperative endeavor agreement undertaken in the previous year.
(4) Maintaining records and an accurate accounting of all expenditures.
(5) Adhering to state and federal nondiscrimination laws.
(6) Adhering to the provisions of R.S. 39:1602.1.
(7) Applying a ten percent local match as provided for in Subsection C of this Section.
B. The initial cooperative endeavor agreement with each regional economic development organization shall have an initial term of two years. Thereafter the initial cooperative endeavor agreement with a regional economic development organization shall automatically renew for successive one-year periods until such time as all initial funds provided in the agreement have been expended.
C. A regional economic development organization shall not expend any grant funds without simultaneously applying local matching funds equaling ten percent of the cost being paid. Funds originating from any lawful source other than the state shall constitute local matching funds.
Acts 2022, No. 556, §1, eff. June 17, 2022.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 39:1485
What does Louisiana Civil Code § RS 39:1485 cover?
Section RS 39:1485 ("Cooperative endeavor agreement; term; public fund matching") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 39:1485?
A common citation format is "Louisiana Civil Code § RS 39:1485" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 39:1485 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.