House Bill No. by Representative St. Blanc enacts R.S. 45:1206, which establishes a legal framework for the receivership of water and wastewater companies in Louisiana. The bill defines key terms such as "water company" and "wastewater company," and outlines the conditions under which a court may appoint a receiver to manage these companies. The court can place a company in receivership if it has been abandoned, fails to comply with regulatory orders, is in financial distress, or meets other criteria set by the commission. Additionally, if a receiver is appointed, they must execute a bond unless they are a local governmental subdivision, and the court may waive this requirement under certain circumstances.

The bill also stipulates that within ninety days of their appointment, the receiver must submit a transition and operational plan to the commission, which includes measures to restore service, financial assessments, customer service provisions, and a timeline for resolution. The court has the authority to dissolve the receivership if the original owner or operator requests it and demonstrates good cause. The legislation aims to ensure the continued operation and compliance of water and wastewater services, thereby protecting public health and safety.