Louisiana Administrative Code
Title 7 - AGRICULTURE AND ANIMALS
Part V - Advertising, Marketing and Processing
Chapter 3 - Market Commission-Agricultural Products Processing Development Law-Loans and Loan Guaranties
Subchapter A - Authorization and Administration of Market Commission Loans and Loan Guaranties and Cooperative Endeavor Agreements under the Agricultural Products Processing Development Law
Section V-321 - Cooperative Endeavor Agreements
Current through Register Vol. 50, No. 9, September 20, 2024
A. The market commission may enter into cooperative endeavor agreements.
B. All cooperative endeavor agreements shall be written and shall be approved by the market commission.
C. Cooperative endeavor agreements shall not exceed a term of five years, but may be renewed for any additional term by the market commission.
D. Cooperative endeavors may be entered into with persons who have received or are negotiating for loans or loan guarantees from the market commission.
E. The market commission shall not enter into any cooperative endeavor unless it involves the creation of a significant number of new jobs in relation to the amount of participation by the commission.
AUTHORITY NOTE: Promulgated in accordance with R.S. 3:450.1 and R.S. 3:450.3.
