I 
109TH CONGRESS 
1ST SESSION H. R. 4100 
To establish the Louisiana Recovery Corporation for purposes of economic 
stabilization and redevelopment of devastated areas in Louisiana, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
OCTOBER 20, 2005 
Mr. BAKER introduced the following bill; which was referred to the Committee 
on Financial Services 
A BILL 
To establish the Louisiana Recovery Corporation for pur-
poses of economic stabilization and redevelopment of dev-
astated areas in Louisiana, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Louisiana Recovery 
Corporation Act’’. 
SEC. 2. ESTABLISHMENT OF CORPORATION. 
(a) IN GENERAL.—There is hereby established the 
Louisiana Recovery Corporation (hereafter in this Act re-
ferred to as the ‘‘Corporation’’).
(b) STATUS
OF CORPORATION.—The Corporation 
shall be an independent establishment in the executive 
branch and shall be deemed to be an an agency of the 
United States for purposes of subchapter II of chapter 5 
and chapter 7 of title 5, United States Code. 
(c) PRINCIPAL OFFICE.—The principal office of the 
Corporation shall be located in the State of Louisiana, but 
there may be established agencies or branch offices in the 
District of Columbia and in any city or parish in Lou-
isiana to the extent provided for in the by-laws of the Cor-
poration. 
(d) CORPORATE DIVISIONS.— 
(1) IN GENERAL.—At a minimum, the Corpora-
tion shall establish and maintain separate divisions 
for the following subjects: 
(A) Environment and Land Use Manage-
ment. 
(B) Economic Development. 
(C) Property Acquisition. 
(D) Property Management. 
(E) Property Disposition. 
(F) Urban Homesteading and Community 
and Faith-Based Organizations. 
(2) MANAGEMENT OF DIVISIONS.—Management 
of each division shall be vested in an executive vice
president who shall be appointed by the Board of 
Directors in the manner provided by the Board of 
Directors and the by-laws of the Corporation. 
SEC. 3. MANAGEMENT. 
(a) BOARD OF DIRECTORS.— 
(1) IN
GENERAL.—The management of the 
Corporation shall be vested in a Board of Directors 
consisting of 7 individuals appointed by the Presi-
dent, by and with the advice and consent of the Sen-
ate, from among individuals who are citizens of the 
United States and who, by virtue of their education, 
training or experience in environmental land rec-
lamation, economic development, housing develop-
ment, land use, or urban planning, are especially 
qualified to serve on the Board of Directors. 
(2) NOMINATIONS
BY
GOVERNOR
OF
LOU-
ISIANA.—2 of the members of the Board of Direc-
tors shall be appointed under paragraph (1) from 
among individuals who are nominated for appoint-
ment by the Governor of Louisiana. 
(b) CHAIRPERSON AND VICE CHAIRPERSON.— 
(1) CHAIRPERSON.—1 of the 5 members of the 
Board of Directors who were not nominated by the 
Governor of Louisiana shall be designated by the 
President, by and with the advice and consent of the
Senate, to serve as Chairperson of the Board of Di-
rectors and the chief executive officer of the Cor-
poration. 
(2) VICE CHAIRPERSON.—1 of the 5 members 
of the Board of Directors who were not nominated 
by the Governor of Louisiana shall be designated by 
the President, by and with the advice and consent 
of the Senate, to serve as Vice Chairperson of the 
Board of Directors. 
(3) ACTING CHAIRPERSON.—In the event of a 
vacancy in the position of Chairperson of the Board 
of Directors or during the absence or disability of 
the Chairperson, the Vice Chairperson shall act as 
Chairperson. 
(c) TERMS.— 
(1) IN GENERAL.—Each member of the Board 
of Directors shall be appointed to a term of 5 years. 
(2) STAGGERED TERMS.—Of the members first 
appointed to the Board of Directors after the date 
of the enactment of this Act— 
(A) 2 shall be appointed for a term of 5 
years; 
(B) the 2 members who were nominated by 
the Governor of Louisiana shall be appointed 
for a term of 3 years; and