Senate Bill No. by Senator Mizell aims to re-create Louisiana Economic Development and its associated statutory entities, effective June 30, 2026. The bill modifies the existing sunset law by enacting R.S. 49:191(3)(b), which establishes that Louisiana Economic Development and its statutory entities will begin to terminate operations on July 1, 2030, with all legislative authority ceasing by July 1, 2031. This new timeline supersedes previous provisions that required separate legislation for the re-creation of each statutory entity and set an earlier termination date of July 1, 2027.

Additionally, the bill repeals R.S. 49:191(1)(a) in its entirety, which previously outlined the termination process for Louisiana Economic Development. By streamlining the re-creation process and extending the termination timeline, the bill ensures the continued operation of Louisiana Economic Development and its entities, while also providing a clear framework for future legislative action. The act will take effect on June 30, 2026, or the day following legislative approval if vetoed by the governor.