Terms Used In Louisiana Revised Statutes 51:3053

  • Company: means a sole proprietorship, organization, association, corporation, partnership, joint venture, limited partnership, limited liability partnership, or limited liability company, including a wholly owned subsidiary, majority-owned subsidiary, parent company, or affiliate of those entities or business associations, that exists to make a profit. See Louisiana Revised Statutes 51:3052
  • Contract: A legal written agreement that becomes binding when signed.
  • Critical infrastructure: means a communication infrastructure system, cybersecurity system, electric grid, hazardous waste treatment system, or water treatment facility. See Louisiana Revised Statutes 51:3052
  • Designated country: means a country designated by the governor as a threat to critical infrastructure pursuant to La. See Louisiana Revised Statutes 51:3052
  • Governmental entity: means a state agency or political subdivision of this state. See Louisiana Revised Statutes 51:3052

            A. A governmental entity shall not enter into a contract or other agreement relating to critical infrastructure in this state with a company if, under the contract or other agreement, the company would be granted direct or remote access to or control of critical infrastructure in this state, excluding access specifically allowed by the governmental entity for product warranty and support purposes under any of the following circumstances:

            (1) The governmental entity knows that the company is owned by or the majority of stock or other ownership interest of the company is held or controlled by individuals who are citizens of China, Iran, North Korea, Russia, or a designated country.

            (2) The governmental entity knows that the company or other entity, including a governmental entity, is owned or controlled by citizens of or is directly controlled by the government of China, Iran, North Korea, Russia, or a designated country.

            (3) The governmental entity knows that the company or other entity is headquartered in China, Iran, North Korea, Russia, or a designated country.

            B. The provisions of Subsection A of this Section shall apply regardless of whether the company’s or its parent company’s securities are publicly traded or the company or its parent company is listed on a public stock exchange as a Chinese, Iranian, North Korean, or Russian company or a company of a designated country.

            Acts 2022, No. 766, §1, eff. June 18, 2022.