2020 Legislative Session Kicks Off March 9
LOUISIANA REALTORS • March 1, 2020
The 2020 Regular Session of the Louisiana Legislature will begin on Monday, March 9th. To date, over 1,100 have been filed and each legislator can file up to five more bills until Monday, March 31st. This high number can be attributed to the influx of first-time legislators elected last fall who are all eager to make their mark.
More Legislative Issues
Your Louisiana REALTORS® Bill Review Team, which is made up of members from across the state, will meet on Wednesday, March 11th to determine which of these bills Louisiana REALTORS® will support, oppose, or monitor on behalf of the industry.
After the Bill Review Team meets, an interactive Bill Tracking Report will be made available on this website with the position of Louisiana REALTORS® on each bill it has identified as having the potential to affect your business or property rights. Any bill on the list will be able to be accessed and viewed in its entirety by clicking on the number of the bill on the left of the page. The Bill Tracking Report will be updated weekly
From the Louisiana Department of Insurance: Insurance Commissioner Tim Temple joined Governor Jeff Landry and Senate Insurance Committee Chairman Kirk Talbot today to announce that Louisiana is investing an additional $20 million in Fortified homes, bringing the total amount invested in state Fortified projects this year to $100 million. Governor Landry announced that $20 million from the U.S. Department of Housing and Urban Development will be transferred to the Louisiana Office of Community Development Restore Resilient Opportunities for Overhead Fortification (Restore ROOF) program to strengthen residential structures and reduce long-term disaster risk. Earlier this year, the Legislature passed a bill that allows $50 million in additional Katrina and Rita bond money from Louisiana Citizens Property Insurance Corporation to be added to the Department of Insurance’s Louisiana Fortify Homes Program (LFHP). Also beginning this year, LFHP is projected to receive approximately $30 million annually from taxes and fees the Louisiana Department of Insurance collects from the insurance industry. “Building stronger homes is a vital part of making homeowners insurance affordable in Louisiana,” said Commissioner Temple. “I appreciate Governor Landry’s leadership and support as we work with legislators like Chairman Talbot to make Louisiana a national leader in the adoption of Fortified roofs.” The Louisiana Department of Insurance (LDI) has finalized its promulgation of Regulation 136—Fortify Homes Premium Discounts. The purpose of Regulation 136 is to implement the statutory provisions set forth in La. R.S. 22:1483, et seq. , which require that all Louisiana property and casualty insurers provide premium discounts or insurance rate reductions for homes constructed or upgraded in accordance with the fortified standards created by the Insurance Institute for Business and Home Safety. View Regulation 136 here .
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