Terms Used In Louisiana Revised Statutes 17:3128.1

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

A.  The Board of Regents shall conduct a survey of state colleges and universities for the purpose of establishing incubator facilities as defined in La. Rev. Stat. 51:1122(4) on qualified campuses.  In order to complete such study, the board shall establish criteria for evaluation of institutions which shall include, but not be limited to the following information:

(1)  Computer capabilities.

(2)  Qualified personnel.

(3)  Qualified student manpower.

(4)  Research laboratories and support facilities.

B.  The board shall use the criteria established pursuant to Subsection A in order to evaluate the potential for incubator facilities on campuses and recommend such facilities on qualified campuses.

C.  The board shall report criteria established, data developed, and other relevant information and shall make recommendations for implementation of incubator facilities to the governor, the speaker of the House of Representatives, the president of the Senate, the chairmen of the House Committee on Commerce and the Senate Committee on Commerce, the chairman of the Small Business Development Corporation, and the secretary of the state Department of Economic Development pursuant to its study no later than January 1, 1987.

Acts 1986, No. 589, §1, eff. July 2, 1986.