Prohibited contracts and expenditures.
New Orleans City Code § 2-162
in effectSec. 2-162. - Prohibited contracts and expenditures.
The city shall not, in connection with an economic-development project or for an economic-development purpose, provide any public funds or enter into any contract in which it is contemplated that public funds will be provided, directly or indirectly, to any person or entity:
A. Engaged in litigation in which that person or entity
1. Asserts a claim of ownership to any portion of the corpus of the Wisner donation, as described in this division, or the avails or fruits thereof accruing on or after August 4, 2014, or
2. Otherwise contests the claim to full ownership of the former corpus of the Edward Wisner donation, or to the avails or fruits thereof, asserted by the city or by a political subdivision or unit thereof;
B. Engaged in litigation in which that person or entity asserts that it is currently a beneficiary of the Wisner donation by virtue of an extension of the Wisner donation entered into on or after August 4, 2014 or by the creation of a new trust constituting the former corpus of the Wisner donation occurring on or after August 4, 2014; or
C. Holding an ownership interest in the former corpus of the Wisner donation, either directly or in the capacity of trust beneficiary, by virtue of a final judgment from court of competent jurisdiction rendered on or after the effective date of this ordinance.
(M.C.S., Ord. No. 30154, § 1, 11-21-24)
Source: City of New Orleans, Code of Ordinances and Home Rule Charter (Municode Library, library.municode.com)URL: https://library.municode.com/la/new_orleans/codes/code_of_ordinances?nodeId=PTIICO_CH2AD_ARTIVBOCOCO_DIV4EDWIDOADCO_S2-162PRCOEXFetched: 10/28/2026