PROPERTY: Authorizes the transfer of certain state property in Jefferson Parish

This bill authorizes the transfer of state-owned property in Jefferson Parish to a private company called Marengo Property II, LLC. The state would give up ownership of Tract G-3-F-3 in Segnette Park Subdivision while receiving Lots 441-A1 and 442-A2 in the same area in exchange. The law allows state officials to include conditions in the agreement and ensures the state receives property worth the same as what it gives up. Mineral rights remain with the state and are not included in the exchange. The bill would take effect once the governor signs it or after the legislative session ends without a veto.