What are the powers of the LLT?
The LLT has broad powers to receive and dispose of the properties, to accept funds “from any sources,” to borrow against these properties and to obtain payment for these obligations and to “enter into any and all agreements,” necessary to carry out its mission. This would be done under the guidelines “set forth by the Louisiana Recovery Authority (LRA)” and to provide for financing “as administered by the Office of Community Development (OCD).
