Louisiana Legislature to Reconvene Monday, May 4th
LOUISIANA REALTORS • May 1, 2020
The Louisiana Legislature will reconvene on Monday, May 4th. The Legislature will reportedly concentrate on bills dealing with state budget issues, COVID-19 issues, and those that are meant to help the economy.
Legislative Bill Tracker Updated 5/1/2020
House and Senate Committees will start hearing these bills Monday, May 4th with protocols in place to ensure the health and safety of those who are at the Capitol. Those protocols can be viewed in the document below.
Legislative leadership has asked that as much business as possible be conducted by phone and/or e-mail. Therefore, the Louisiana REALTORS® Lobbying Team will be at the Capitol less this year. However, please be assured that your lobbying team is making phone calls about bills that will affect your livelihood and property rights and will be physically present at the Capitol when necessary.
An updated list of bills Louisiana REALTORS is tracking is available here:
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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