FUNDS/FUNDING: Provides relative to the Small Business Innovation Retention Fund. (8/1/26) (OR SEE FISC NOTE SD EX)

This bill updates Louisiana law to manage the Small Business Innovation Retention Fund, which provides financial assistance to local businesses that have won competitive federal SBIR or STTR grants. It directs the Department of Economic Development to administer the fund and requires all state and federal money designated for this purpose to be deposited into it. The legislation also outlines the terms and conditions for issuing these grants to eligible small businesses.