This bill amends the membership structure of the Louisiana Agricultural Finance Authority by modifying the appointment process for its members. Specifically, it changes the number of members appointed from a list provided by the Louisiana Bankers Association from one to two. Additionally, the bill repeals a provision that previously allowed for a member to be appointed from a list provided by the Community Bankers of Louisiana, thereby streamlining the appointment process and potentially increasing the representation from the Louisiana Bankers Association.

The bill also clarifies the roles of various ex officio members, including the commissioner of agriculture and forestry, and the chairs of the Senate and House Committees on Agriculture, Forestry, Aquaculture, and Rural Development, who will serve in an advisory capacity without voting rights. The effective date of the bill is contingent upon the governor's signature or the expiration of the time for bills to become law without signature.

Statutes affected:
HB284 Original: 3:264(B)(2), 3:264(B)(5)
HB284 Engrossed: 3:264(B)(2), 3:264(B)(5)
HB284 Enrolled: 3:264(B)(2), 3:264(B)(5)
HB284 Act : 3:264(B)(2), 3:264(B)(5)