This bill enacts a new provision in Louisiana law regarding the sale of surplus state-owned property, specifically adding a preference for in-state auctioneers when both in-state and out-of-state auctioneers are bidding. The new language stipulates that in-state auctioneers shall be given preference as long as their services are of equal quality and do not exceed the cost of out-of-state services by more than ten percent. This provision is applicable to auctions conducted under existing regulations.

The bill aims to support local businesses by ensuring that in-state auctioneers have a competitive advantage in the bidding process for state surplus property. The effective date of the bill is contingent upon the governor's signature or the expiration of the time for bills to become law without signature, as outlined in the Louisiana Constitution.

Statutes affected:
HB1129 Original: 39:1(A)(1)
HB1129 Engrossed: 39:1(A)(1)