House Bill No. by Representative Marcelle aims to amend the regulations governing the East Baton Rouge Redevelopment Authority, specifically regarding the acquisition and disposition of property owned by the authority. The bill introduces a new provision under R.S. 33:4720.151(L)(8), which stipulates that if the authority sells immovable property to a nonprofit entity or a political subdivision of the state for public purposes or redevelopment area use, and the property was acquired with public funds, the final sales price must not exceed 110% of the original acquisition cost.

The proposed law retains existing provisions related to the authority's powers and duties, which include creating redevelopment plans, selling or leasing property, and managing real estate in redevelopment areas. The new language aims to ensure that the sale of public property to nonprofit organizations or governmental entities remains affordable and fair, thereby promoting redevelopment efforts while safeguarding public funds.