CORPORATIONS: Provides for nonprofit corporations in Plaquemines Parish. (8/1/25)
SB 141 allows Plaquemines Parish to create nonprofit corporations for public purposes, such as managing properties owned by the parish. These nonprofits can issue up to $15 million in bonds at 8% interest or less, with all their property exempt from state and local taxes. The bill sets a maximum 99-year lease term for properties leased by these nonprofits and requires them to follow public records and meetings laws. It directly affects Plaquemines Parish and any nonprofit it establishes to handle public assets like buildings or land.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2025
Committee Review
May 2025
Senate Passage
May 2025
House Passage
Jun 2025
Signed into Law
Jun 2025
Introduced Apr 4, 2025
Signed Jun 11, 2025
Maddy AI version diff · 3 comparisons
What changed between versions
SB141 Original
→
SB141 Act
·
4 edits
MODERATE
This bill updates the rules for creating nonprofit corporations in Louisiana that perform public functions, specifically allowing them to issue bonds and own property without full legislative approval. It expands eligibility to include Plaquemines Parish alongside larger cities and adds new powers for these corporations to issue up to $15 million in tax-exempt revenue bonds. The bill also clarifies that leases executed by these corporations in Plaquemines Parish can last up to 99 years.
Scope change
The bill expands the scope of eligible entities from only large political subdivisions (population over 150,000) to include Plaquemines Parish, thereby allowing smaller jurisdictions to create quasi-public nonprofit corporations with significant financial and property powers.
ELIGIBILITY
Added Plaquemines Parish to the list of political subdivisions eligible to create quasi-public nonprofit corporations that can issue bonds.
FISCAL
Authorized eligible corporations to issue negotiable revenue bonds up to $15 million with interest capped at 8%, which are exempt from taxation.
REQUIREMENT
Modified lease terms for Plaquemines Parish to allow leases of up to 99 years with rental payments in a lump sum or installments.
DEFINITION
Formally defined 'public benefit corporation' as a nonprofit formed by a political subdivision to own, lease, or operate properties for a public purpose.
Floor votes · Senate May 7, 2025 · House Jun 4, 2025
How they voted
34–0
Passed · 3 other
Total votes 37
May 7, 2025
D
Democratic11
81% Yea
R
Republican26
96% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
18
Key actions
4
Committee
4
Amendments
1
Jun 4, 2025
Lower · Passed
Read third time by title, roll called on final passage, yeas 91, nays 0. Finally passed, ordered to the Senate.
lower
Jun 2, 2025
Introduced
Reported without Legislative Bureau amendments.
lower
May 29, 2025
Lower · Passed
Reported favorably (11-0). Referred to the Legislative Bureau.
lower
May 8, 2025
Committee
Read by title, under the rules, referred to the Committee on Municipal, Parochial and Cultural Affairs.
lower
May 7, 2025
Upper · Passed
Read by title, passed by a vote of 36 yeas and 0 nays, and sent to the House. Motion to reconsider tabled.
upper
Apr 30, 2025
Upper · Passed
Reported favorably.
upper
Apr 14, 2025
Committee
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Local and Municipal Affairs.
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Patrick Connick
RRepublican
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