House Bill No. by Representative Tarver enacts a new provision, R.S. 42:1123(36), which allows public servants, their immediate family members, and legal entities in which they have a substantial economic interest to engage in advertising transactions with governmental entities under specific conditions. The bill stipulates that the public servant must recuse themselves from any matters related to the transaction, and the terms must be comparable to those offered to non-public servants. Additionally, the transaction must be conducted without preferential treatment and adhere to the same requirements as those applicable to the general public.
Furthermore, the bill sets a monetary limit on these transactions, stating that the value must not exceed ten thousand dollars, and prohibits individuals from entering into multiple transactions valued at ten thousand dollars or less to circumvent this limit. The act will take effect upon the governor's signature or, if not signed, after the designated period for bills to become law without signature, as outlined in the Louisiana Constitution.