House Bill No. [insert bill number] authorizes the secretary of the Department of Transportation and Development to transfer specific state property located in Lafourche Parish to the city of Thibodeaux. The bill includes a detailed description of the property, identified as Parcel No. 1-3, which encompasses a tract of land measuring approximately 0.091 acres, along with additional easterly remainder property. The transfer will exclude mineral rights, which will be reserved for the state. The bill also empowers the secretary to enter into necessary agreements and execute documents to facilitate the transfer, ensuring that the consideration for the property is proportionate to its appraised value.

The effective date of the bill is contingent upon the governor's signature or, if not signed, the expiration of the time for bills to become law without signature. If the bill is vetoed and subsequently approved by the legislature, it will take effect the day after such approval. This legislation aims to streamline the process of transferring state property to local government for municipal use while maintaining the state's mineral rights.