Senate Bill No. [insert bill number] authorizes the commissioner of administration to transfer specific state properties located in Lafayette Parish to the Lafayette Public Trust Financing Authority. The bill includes detailed descriptions of the parcels involved, specifically identified as PARCEL NO(S). ADV-19-A-P1, ADV-19-C-P1, and ADV-13-P1, along with their respective boundaries and coordinates. Importantly, the bill stipulates that mineral rights will be reserved for the state, ensuring that these rights remain under state control despite the transfer of property ownership.

Additionally, the bill empowers the commissioner to enter into necessary agreements and execute documents to facilitate the transfer, ensuring that the process adheres to legal requirements and reflects the appraised value of the properties. The act is set to take effect upon the governor's signature or, if not signed, after the designated period for bills to become law without signature.