The resolution authorizes the Louisiana State Law Institute to conduct a study on the Private Works Act, focusing on the protections available to homeowners during residential improvement projects. It aims to address concerns that homeowners may face claims from unpaid subcontractors or suppliers, even after having paid their contractors in full. The study will explore potential measures to prevent homeowners from having to pay twice for work and to ensure they are adequately protected from claims that could arise due to the lack of proper bonding and notice requirements.

Additionally, the resolution mandates that the study include input from various stakeholders, such as representatives from banking, construction, and homebuilding associations, as well as homeowners themselves. The findings of this study are to be reported to the legislature by January 25, 2025, ensuring that the concerns of all parties involved are considered in the evaluation of the Private Works Act and its implications for homeowners in Louisiana.