House Bill No. by Representative Boyer authorizes the transfer of specific state properties located in St. Martin Parish to the Brownell Land Company, LLC. The properties include two tracts: Tract 1, consisting of 76 acres (Tax Parcel No. 2900001514), and Tract 2, consisting of 49.40 acres (Tax Parcel No. 2900001521). The bill stipulates that the state will retain mineral rights to these properties and empowers the commissioner of administration to execute necessary agreements and documents to facilitate the transfer, ensuring that the consideration for the transfer is proportionate to the appraised value of the properties.
The bill outlines the terms and conditions for the transfer and specifies that it will take effect upon the governor's signature or, if not signed, after the designated time for bills to become law without signature. If the bill is vetoed and later approved by the legislature, it will become effective the day after such approval.