Louisiana Administrative Code

A. The application period shall be publicly announced or published in a manner that will fairly put agricultural producers and agribusinesses on notice of the Farm and Agribusiness Recovery and Loan Program and the start and end of the application period. B. Only application form…

A. The applicant must provide all required information at least 10 working days prior to the meeting of the agricultural loan committee where the application will be considered, unless partial submission is allowed by LAFA’s staff or the agricultural loan committee. B. The agricu…

A. The agricultural loan committee is hereby established to consider and act on applications for loans or grants, or a combination of both made pursuant to this Part. B. The agricultural loan committee shall consist of the following seven members: 1. the Commissioner of Agricultu…

A. After the agricultural loan committee has approved an application the proceeds of the loan/grant shall be disbursed by LAFA’s staff upon the signing of the loan or grant documents by the applicant and LAFA’s director. B. If the total amount of proceeds to be disbursed under th…

A. Loan and grant proceeds may be used to: 1. pay current year expenses that are related to the preparation, planting, management and harvesting the current year crop as specified; 2. pay down or pay off existing crop production loans, if a financial institution has committed its…

A. A loan shall become delinquent if the full monthly or periodic payment is not received within 10 calendar days following the due date or the loan is otherwise in default for non-compliance with any other provision of the loan. 1. Written notification of a delinquency shall be …

A. Copies of public records furnished to a person so requesting shall be provided at fees according to the following schedule. B.1. Charges for the first copy of any public records shall be at a minimum $0.25 per page for microfiche reproductions or paper copies up to 8 1/2 by 14…

A. The Depository Institutions Section of the Louisiana Office of Financial Institutions ("OFI") is funded entirely through assessments and fees levied on state-chartered banks, savings and loan associations, savings banks and credit unions for services rendered. All fees detaile…

Description Fee A. Application for a de novo state bank, savings and loan association or savings bank charter, or the merger or consolidation of two banks, savings and loan associations, or savings banks. The fee for a merger or consolidation may be reduced based on certain facto…

A. The commissioner may increase any of the fees in §303 when a combination of two or more of the transactions described in that Section occur, said fee not to exceed the lesser of $50 per hour, or the combined fees as stated above.

A. This rule prescribes the form and content of the prospectus, intended as of the effective date to be used in connection with the offering of securities registered by notification, or required to be filed as a part of a registration statement for registration of securities by q…

A. A prospectus filed as part of a registration statement for registration of securities by qualification and notification shall contain all the information required by Schedule A, "Outline of Prospectus," located in §1103 of this Part.

A. The prospectus may be printed, mimeographed or typewritten, or prepared by any similar process which will result in clear, legible copies. If printed, it shall be set in clear Roman type at least as large as 10-point modern type, with financial data or other statistical or tab…

A. The prospectus shall contain the information called for by all items of Schedule A, "Outline of Prospectus" located in §1103 of this Part, required to be answered, except that no reference need be made to inapplicable items, and negative answers to any item may be omitted. Non…

A. Each prospectus used after the effective date of the registration statement shall be dated approximately as of such effective date, provided however, that a revised or amended prospectus used thereafter bear both its original date and the "Amended as of ________________" date.…

A. If any of the securities being registered are to be offered in exchange for securities of any other registrant, the prospectus shall also include the information with respect to the other registrant which would be required by §1103.L.1, 4, 5, 6, 7, 8, 9, 10, 12, 13, 16, 17, 19…

A. A copy of such prospectus shall be delivered to each prospective purchaser of securities before consummation of any sale or contract for sale. B. When a prospectus is used more than nine months after the effective date of the registration statement, the information contained t…

A. Preliminary prospectuses may be distributed in Louisiana provided that an application to register the securities offered is pending before the commission, and provided: 1. an application to register the securities is also pending before the Securities and Exchange Commission; …

A. The prospectus shall constitute a part of the application and shall be amended in accordance with the provisions of the rules dealing with amendments to applications. The amended prospectus submitted to this office must be "red lined" in order to point out the changes made in …

A. Financial statements which purport to give effect to the receipt and application of any part of the proceeds from the sale of securities for cash shall not be used unless the sale of such securities is underwritten and the underwriters are to be irrevocably bound, on or before…

A. All earnings statements required by Sections 51:701-51:720 of the Louisiana Revised Statutes of 1950, as amended to be filed with the Commissioner of Securities which reflect poolings of interest must be set out for each period reported: 1. total actual historical earnings and…

A. There shall be included as an exhibit in every application for registration of securities of an issuer under this law which: 1. has not been engaged in the business in which it is engaged for five years; or 2. has not had a net profit in each of the last three years, an apprai…

A.1. Any entity that has received or applied for a license to conduct gaming or is owned, controlled or managed by a company that has received or applied for a license to conduct gaming shall be ineligible to receive a contract for any tax exemption, credit, rebate or other benef…

A. No person shall operate a livestock auction without first obtaining a livestock auction market permit from the board. Any person operating a livestock auction market without a valid livestock auction permit will be in violation of this regulation and subject to prosecution. B.…

A. No person, partnership, corporation, or other legal entity, shall operate a market agency (livestock video auction) in Louisiana, without first obtaining a permit from the Livestock Sanitary Board. Any legal entity selling Louisiana livestock on a livestock video auction, with…

A. Louisiana livestock dealers may become permitted, provided the following requirements are met: 1. the facilities are adequate and maintained in a satisfactory condition; 2. the dealer agrees to clean and disinfect the facilities at least once each month with an approved disinf…

A. The terms defined in the Act have the same meaning when used in these rules as are ascribed to them in the Act. Act―Chapter 3-A of Title 40 of the Louisiana Revised Statutes of 1950, as amended. Adjusted Family Income―the gross annual income, from all sources and before taxes …

A. With respect to a housing project or a housing unit financed by an insured mortgage loan, which insured mortgage loan is a federally aided mortgage in whole or in part, the agency's action in authorizing such mortgage loan shall have the effect of adopting as the agency's inco…

A. The agency by resolution may establish asset criteria when it determines that action to be necessary to preserve the integrity of established income limitations and to effectuate the purposes of the Act.

A. Pursuant to the Act, the agency, by resolution, may accept financial or technical assistance, including insurance and guarantees, from the federal or state governments or any person or corporations, agree and comply with any condition attached thereto, and authorize and direct…

A. To inform itself and the public the agency may hold public hearings anywhere in the state and may limit the scope of such hearings. B. A person, firm, corporation or public body or agency, aggrieved by a decision of the agency or the executive director, may request in writing …

A. The bylaws of the agency shall be adopted and amended by resolution and shall be public records. The bylaws shall include the time and place of regular meetings, the manner of calling special meetings and such internal procedures as the agency requires.

A. The agency staff may provide staff services to assist an applicant in complying with the requirements of the Act and these rules. The executive director may establish a preapplication procedure. B. Forms to be employed for applications may be prepared by the agency and shall b…

A. An insured mortgage loan, or part thereof, shall not be made or disbursed to an applicant until such time as the applicant is an eligible applicant. B. An eligible applicant is an applicant satisfying the criteria established by and in accordance with the Act and these rules a…

A. An application for a loan to a lending institution shall require a determination that the proposed housing project is a feasible housing project and shall include information, and where required by the agency supporting materials and evidence, with respect to: 1. the status of…

A. An application for a determination that a proposed housing project is a feasible housing project shall be processed by the agency on the basis of project evaluation factors hereinafter called the "agency's evaluation factors" as to economic, physical and social characteristics…

A. The agency shall review each analysis and recommendation and, if it determines that the application meets the requirements of the Act and these rules and is consistent with the agency's evaluation factors, by resolution, it may determine that the proposed housing project is a …

A. An application for an insured mortgage loan for a housing project to be funded by the proceeds of the agency's notes or bonds shall include, where applicable, information, and, where required by the agency or a lending institution acting on behalf of the agency, supporting mat…

A. An application for the purchase of an insured mortgage loan shall be processed by the agency or by a lending institution on behalf of the agency on the basis of the agency's evaluation factors. The lending institution shall undertake such land appraisals, market surveys and an…

A. The agency shall review each analysis and recom­mendation and if it determines that the application meets the requirements of the Act and these rules and is consistent with the agency's evaluation factors, by resolution, it may authorize the purchase of an insured mortgage loa…

A. An insured mortgage loan purchase commitment of the agency, the issuance of which is authorized by an agency resolution, shall include such conditions as the agency considers appropriate with respect to the commencement of construction of the proposed housing project, the mark…

A. Priorities for allocation of agency moneys available for the purchase of insured mortgage loans shall be established and reviewed by the agency. Priorities shall be based on criteria established by the agency as best effectuating the purposes of the Act including, without limi…

A. The agency from time to time by resolution shall approve the submission of the invitation to mortgage lending institutions to lending institutions with offices in the state. The invitation to mortgage lending institutions shall inform lending institutions of the nature and fea…

A. The agency from time to time by resolution shall approve the form of the offer to participate and agreement for submission to lending institutions with offices in the state. The offer to participate made by a lending institution in response to the Invitation shall incorporate …

A. The agency shall in its sole discretion reduce the amount of each offer to participate to an amount it deems reasonable in the event that the agency receives offers to originate more insured mortgage loans than is practical. Such reduction shall be on a pro rata basis, provide…

A. The agency, by an interest rate notice, shall notify each lending institution of the interest rate it may charge on the insured mortgage loans and the date of the expected availability of bond or note proceeds to purchase insured mortgage loans.

A. The purchase price of each insured mortgage loan purchased by the agency shall be as is specified in the offer to participate. A lending institution may charge each mortgagor or an insured mortgage loan such fees and charges as are permitted by resolution of the agency.

A. Insured mortgage loans originated by lending institutions pursuant to the agency's insured mortgage loan purchase programs shall be subject to and comply with such terms and conditions as shall be established by the agreement. The mortgage loan purchase commitment shall contai…

A. An application by an individual or family for an insured mortgage loan, to be made with the assistance of agency moneys, for the long-term financing of a housing unit to be purchased by the individual or family, shall include information, and where required by the agency, supp…

A. Each lending institution shall service and administer the insured mortgage loans in accordance with the agreement. B. Without limiting the generality of the foregoing Subsection, in the event any lending institution is an institution regulated by the FSLIC or FDIC, the agency …