Louisiana Administrative Code

A. Securities shall be offered and sold at a price which is fair to the issuer or selling stockholders and to the purchasers. In determining whether a price is fair, the commissioner will give predominant weight to the standards set forth below as shown to the satisfaction of the…

A. Voting Rights of Common Stock. The offering or proposed offering of securities of an issuer having more than one class of common stock authorized shall generally be considered unsound and unfair to public investors if the class of shares of common stock offered to the public: …

A. For the purpose of this Chapter the following definitions apply. Approved Records Center Box—a regular slotted container (RSC) box that is 1.2 cubic feet in size, with dimensions of 15 inches x 12 inches x 10 inches.

A. In accordance with R.S. 44:408, the records center may accept records from state agencies when they meet the following criteria. 1. The records are scheduled on an approved records retention schedule and have a retention period of ten years or less. 2. The records belong to an…

A. Each box containing eligible records must comply with the following requirements. 1. The records are boxed in an approved records center box obtained from the records center. 2. The records in each box are from the same records series with the same retention period. 3. The rec…

A. An agency must assign a unique box number to each box to be transferred to the records center. The agency shall write or affix the box number to the upper half of the short side (12 inch) of the box. The box number must correspond to an entry made on the agency's transmittal f…

A. Records stored in the State Records Center must be assigned one of two disposal cycles. Assignment should be made based on the following criteria. 1. July Cycle. Records that are retained based on fiscal year retention periods or meet their retention period between January 1 a…

A. Prior to the delivery of records to the records center for storage, an agency must submit a completed Form SS ARC 103 (Records Center Transmittal Form) to the records center. 1. A separate transmittal form (SS ARC 103) shall be completed for each disposal date (i.e., January o…

A. After completing the transmittal forms for the boxes to be stored at the records center, the agency shall email the transmittals to the records center. The records center will contact the agency's records officer to finalize the delivery date.

A. In general, delivery dates will be set on a first-come, first-serve basis. The records center reserves the right to postpone or reschedule delivery dates if necessary to accommodate emergency situations or special circumstances.

A. Records stored at the records center remain property of the agency depositing them at the records center. Only the depositing agency's designated employees will be allowed access to view the agency’s records stored in the records center. Any requests to see an agency's records…

A. An agency may request access to or check out the agency's records by following these procedures: 1. The agency must contact the records center by either phone or email requesting access to or checking out a file(s) or box(es) by listing the records center box number for the bo…

A. Twice a year the State Records Center will generate disposal requests for agency records that have met their retention periods. Such disposal requests will be forwarded to the agency records officer for agency disposal approval. The agency will have 45 days to respond to the r…

A. Once the agency receives the disposal request, the agency’s records officer must ascertain if any of the records listed on the request require further retention. The records officer should consult with the agency's legal counsel to determine if there are any legal holds (i.e. …

A. Prior to the destruction of any records in the records center, the state archivist will review each disposal request for possible archival records. In the event that the state archivist determines the records have archival value, the state archivist will notify the depositing …

A. A state bank or a bank holding company may establish or acquire a subsidiary mortgage corporation upon the prior written approval of the Commissioner of Financial Institutions and subject to the provisions of this rule. The ownership of a subsidiary mortgage corporation shall …

A. A subsidiary mortgage corporation may originate first mortgage loans, make first mortgage loans, service first mortgage loans, act as an agent in the warehousing and servicing of first mortgage loans, and, in general, engage in activities permitted mortgage company subsidiarie…

A. Each subsidiary mortgage corporation shall be subject to examination by the commissioner. If upon examination, the commissioner shall ascertain that the subsidiary is created or operated in violation of law or regulation, or that the manner of operation is detrimental to the b…

A. The books and records of the mortgage corporation subsidiary shall be kept separate and distinct from those of the parent or other subsidiaries and funds of the parent or other subsidiaries shall not be commingled with those of the subsidiary mortgage corporation.

A. Under no circumstance shall the parent of the subsidiary mortgage corporation own any assessable stock of the subsidiary mortgage corporation.

A. Transactions between a parent state bank or subsidiary state bank of a parent bank holding company and the subsidiary mortgage corporation shall, with respect to the state bank, be governed by all laws and regulations applicable to transactions between the state bank and any o…

A. An approved office of the subsidiary mortgage corporation shall not be considered a branch of a parent bank if no banking functions other than those listed in §503 are performed by the subsidiary mortgage corporation at that location.

A. No automated teller machine or similar electronic financial terminal whether owned by a parent bank or any other entity shall be located on the premises of any office of the subsidiary mortgage corporation. This prohibition shall not apply if the subsidiary mortgage corporatio…

A. The name of the subsidiary mortgage corporation shall not contain the word "bank" nor shall the subsidiary's operations, logo, advertising or marketing suggest that the subsidiary is an agent of the parent bank or bank holding company or that the parent is responsible for the …

A. The Louisiana Housing Finance Agency (the "Agency"), as administrator of the HOME Investment Partnership Program for non-entitlement areas throughout the state, has established a Substandard Housing Assistance for Rural Economies Grant Program. The agency is making available $…

A. These regulations implement the provisions of R.S. 47:6032. B. These regulations are effective for taxable periods beginning on or after January 1, 2007.

Announced Production Price—the average of the production price of milk for the three years immediately preceding the calendar year for which tax credits may be given. Certified Milk Producer—a milk producer who has been certified as such to the Department of Revenue by the Depart…

A. For the purpose of implementing the provisions of Acts 2007, No. 461 and these regulations LDAF, through the Commissioner, may enter into cooperative endeavor agreements with other state agencies, federal agencies, or private entities.

A. It shall be the responsibility of any milk producer who wants to apply for a tax credit in the year for which the credit is applied for to: 1. hold a milk producer permit during the year for which the credit is applied for under Louisiana Administrative Code, Title 51, Public …

A. All forms required by these regulations to be filled out and submitted by a milk producer or milk handler may be obtained from LDAF. B. LDAF shall submit all forms relative to the tax credit which are received from milk producers and milk handlers to the proper state or federa…

A. The announced production price shall be determined based on the following factors: 1. the average uniform price of milk in the top five states from which milk is imported to Louisiana; 2. the average transportation cost of importing milk from those five states; 3. the cost of …

A. LDAF shall, no later than April 30 of each year, provide the Department of Revenue with a chart for the previous year for which the credit is applied for showing the names of each participating certified milk producer, the amount of milk produced by each, the anticipated amoun…

A. The tax credit shall be paid by the Department of Revenue to a certified milk producer based on the name and tax identification number listed on the chart that LDAF provides to the Department of Revenue. B. LDAF shall determine the name and tax identification number of the cer…

A. LDAF may certify non-pooled milk for inclusion in determining the amount of tax credit due to a certified milk producer if a non-pooled milk form or list is submitted by the certified milk producer or on his behalf by a milk handler not later than January 31 of the year immedi…

A. LDAF shall publish the announced production price and list of eligible quarters in the Potpourri Section of the Louisiana Register and disseminate this information to milk producers by means reasonably calculated to provide notice to the milk producers. B. LDAF shall notify ea…

A. All disputes regarding whether a milk producer is or is not a certified milk producer shall be decided by the Department of Health and Hospitals in accordance with the regulations and policies of that department. B. All disputes regarding eligibility for a tax credit or the am…

A. All information provided by a milk producer or milk handler to LDAF or to other state or federal agencies and any information received by LDAF from other state or federal agencies that is declared by the milk producer or milk handler to be proprietary or trade secret informati…

A. These rules and regulations may be cited in abbreviated fashion as follows: LAC 16:III.Chapter 5. B. In accordance with R.S. 51:1405(B), these rules and regulations shall not conflict with the constitution of this state and shall be interpreted giving due consideration to the …

A. Under R.S. 39:1561 the Commissioner is granted broad authority and responsibility to consider and decide matters of policy under the Procurement Code. Pursuant to R.S. 39:1556(42) the chief procurement officer for the state of Louisiana may add to the enumerated occupations or…

A. To respond to the needs of state agencies, it shall be the policy of the Office of State Procurement to regularly review and to supplement the professions, occupations and services covered under R.S. 39:1556 (Professional Services) and R.S. 39:1619 (Social Services) in order t…

A. Professional Services. An agency head may present a request to the state chief procurement officer to classify an independent contractor who has a professed knowledge of a department of learning or science used by its practical application to the affairs of others or in the pr…

A. Once added, nothing in this policy or in these procedures shall prevent the Office of State Procurement from removing a professional or social service from the Tables Appendix if it is deemed in the best interests of the state to do so. Once removed, a professional or social s…

A. Professional Services Table of Professional Services The following services shall supplement those listed in R.S. 39:1556(42). Service Effective Date Licensed chiropractors January 1, 2017 B. Social Services Table of Social Services The following services shall supplement thos…

A. The purpose of this Chapter is to implement the Small Business Innovation Recruitment Fund Program as established by R.S. 51:2402. B. This Chapter shall be administered to achieve the following purposes: 1. to recruit out of state small businesses that have received Phase II S…

A. Terms not otherwise defined in this Chapter shall have the same meaning given to them in R.S. 51:2402, unless the context clearly requires otherwise. B. In this Chapter, the following terms shall have the meanings provided herein, unless the context clearly indicates otherwise…

A. The following general principles will direct the administration of the program. 1. Awards are not to be considered as an entitlement for companies, and the secretary has the final authority to determine whether or not each particular applicant is eligible and meets the criteri…

A. Applicants for the benefits of this program shall meet the following criteria: 1. the applicant shall be an out of state small business that has received a Phase II SBIR or Phase II STTR Federal Notice of Award within the two years immediately preceding submission of an applic…

A. LED will provide a standard application form which applicants will be required to use to apply for assistance under this program. The application form will contain, but not be limited to, the following: 1. out of state small business name; 2. contact person and their title; 3.…

A. LED will consider various factors when determining which applications will be funded. Among the factors which may be taken into consideration are the following; 1. nominations of eligible small businesses recommended by REAL; 2. disbursing of funding statewide; 3. number of em…

A. In the event LED determines that an applicant is eligible, funding is available and a grant would be appropriate, a grant letter will be issued, specifying the amount, the terms and conditions of the grant. B. Each grant awarded shall be divided into three equal amounts and di…