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0 chapters · 1,010 sections in this title.
La. Rev. Stat. § 39:1107 Taxes required for expenses, charges and other obligations
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§1107. Taxes required for expenses, charges and other obligations The governing authority shall thereupon determine the number of mills and fractions thereof, which will be required to provide for the payment of all statutory and ordinary charges and all other obligations, contra…
La. Rev. Stat. § 39:1108 Remainder available to fund into bonds
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§1108. Remainder available to fund into bonds The number of mills and fractions ascertained in the manner herein provided shall be deducted from the general alimony tax now or hereafter authorized to be levied by the political subdivision by the constitution of this state, and th…
La. Rev. Stat. § 39:1109 Issuing bonds; resolution
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§1109. Issuing bonds; resolution After the avails or residue of the general alimony tax of the political subdivisions have been determined as herein provided, the governing authority of the subdivision shall, by resolution, irrevocably pledge and dedicate such residue, reduce to …
La. Rev. Stat. § 39:111 Capital outlay budget submission
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§111. Capital outlay budget submission No later than the eighth day of each regular session, the governor shall submit his capital outlay budget to the legislature, the proposed capital outlay bill implementing the first year of the five-year program, and the bond authorization b…
La. Rev. Stat. § 39:1110 Pledge and dedication of tax irrepealable and irrevocable
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§1110. Pledge and dedication of tax irrepealable and irrevocable The pledge and dedication of the tax shall be irrepealable and irrevocable by any authority whatsoever until the bonds have been paid in principal and interest.
La. Rev. Stat. § 39:1111 Promulgation of resolution; registry and registration
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§1111. Promulgation of resolution; registry and registration A certified copy of the resolution issuing the bonds and pledging and dedicating the avails and residue of the general alimony tax, shall be registered with the secretary of state and recorded in the mortgage records of…
La. Rev. Stat. § 39:1112 Maximum duration; interest
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§1112. Maximum duration; interest No bonds issued by any subdivision shall run for a longer period than ten years from the date thereof, or bear a greater rate of interest than six per cent per annum payable annually or semi-annually, or be sold for less than par.
La. Rev. Stat. § 39:1113 Form of bond; signing
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§1113. Form of bond; signing The governing authority issuing the bonds shall, by resolution, fix the form and terms of the bonds and the rate of interest, payable annually or semi-annually, within the maximum rate prescribed hereby. The bonds shall be payable in such medium and a…
La. Rev. Stat. § 39:1114 Resolution prescribing terms; maturity
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§1114. Resolution prescribing terms; maturity The governing authority issuing the bonds shall, by resolution, fix the time within the maximum period prescribed, when the bonds shall become payable. The bonds shall be payable in annual installments and the amount payable in each y…
La. Rev. Stat. § 39:1115 Registration as to principal only
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§1115. Registration as to principal only Bonds issued may be either registered or coupon bonds. Coupon bonds may be registered as to principal in the holder's name on the books of the financial officer of the subdivision after the registration has been noted upon the bonds by the…
La. Rev. Stat. § 39:1116 Registration as to interest
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§1116. Registration as to interest Coupon bonds issued by any municipal corporation having a population of twenty thousand inhabitants, according to the last federal census, may also be registered as to interest, and the bonds surrendered and interest made payable only to the reg…
La. Rev. Stat. § 39:1117 Recital of regularity
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§1117. Recital of regularity Before bonds of any subdivision are issued, the governing authority shall investigate and determine the regularity of the proceedings. The resolution authorizing the bonds may direct that they contain the following recital: "It is certified that this …
La. Rev. Stat. § 39:1118 Registration by Secretary of State
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§1118. Registration by Secretary of State After the time within which the validity of the bonds may be contested has elapsed, that is, sixty days from the date of promulgation of the resolution issuing the bonds and pledging and dedicating the avails or residue of the general ali…
La. Rev. Stat. § 39:1119 Setting aside of taxes
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§1119. Setting aside of taxes The governing authority of any political subdivision issuing bonds hereunder, shall set aside in a separate fund each year during the life of the bonds and until such bonds shall have been paid in full in principal and interest, the proceeds from the…
La. Rev. Stat. § 39:112 Capital Outlay Act
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§112. Capital Outlay Act A. The legislature shall enact into law a capital outlay bill which shall incorporate the first year of the five-year capital outlay program as provided in Article VII, Section 11(C) of the Constitution of Louisiana. The capital outlay act shall include a…
La. Rev. Stat. § 39:1120 Sale
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§1120. Sale All bonds issued hereunder shall be advertised for sale on sealed bids, which advertisement shall be published at least once a week for three weeks, the first publication to be made at last fifteen days preceding the date fixed for the reception of bids. Publication s…
La. Rev. Stat. § 39:1121 No sale less than par; application of premium
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§1121. No sale less than par; application of premium No bonds shall be sold for less than their par value and accrued interest, but the bidder for the bonds in his bid may stipulate that the proceeds of the bonds shall be deposited in some designated bank to act as fiscal agent o…
La. Rev. Stat. § 39:1122 Saving clause; pending proceedings
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§1122. Saving clause; pending proceedings Nothing contained in this Chapter shall affect any proceeding heretofore begun by the governing authority of any subdivision to issue bonds under the authority of the constitution of 1913, or of this constitution and any statute heretofor…
La. Rev. Stat. § 39:1123 Exemption from taxation
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§1123. Exemption from taxation All bonds issued under the provisions of this Chapter shall be exempt from taxation.
La. Rev. Stat. § 39:1124 No other statute applicable
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§1124. No other statute applicable This Chapter shall, without reference to any act of the legislature of Louisiana, be full authority for the issuance and sale of the bonds in this Chapter authorized. No ordinance, resolution or proceeding in respect to the issuance of any bonds…
La. Rev. Stat. § 39:1125 Bonds negotiable
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§1125. Bonds negotiable Bonds issued hereunder shall have all the qualities of negotiable paper and shall not be invalid for any irregularity or defect in the proceedings for the issuance and sale thereof and shall be incontestable in the hands of bona fide purchasers or holders …
La. Rev. Stat. § 39:1126 Contesting; time limited
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§1126. Contesting; time limited For a period of sixty days from the date of the promulgation of the resolution issuing the bonds and pledging and dedicating the tax therefor, any person in interest may contest the legality of the bond issue provided for or the tax pledged and ded…
La. Rev. Stat. § 39:1127 Application of proceeds
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§1127. Application of proceeds The proceeds of the sale of bonds issued under the provisions of this Chapter shall constitute a trust fund to be used exclusively for the purpose for which the bonds are authorized to be issued, but the purchaser of the bonds shall not be obligated…
La. Rev. Stat. § 39:1128 Penalty for violations
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§1128. Penalty for violations Any willful failure or neglect to comply with the requirements of this Chapter, or its willful violation by any officer, agent or employee of any subdivision herein defined, shall be punished by a fine of not less than twenty five dollars, or not mor…
La. Rev. Stat. § 39:1129 Terms defined
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§1129. Terms defined The term "general alimony tax" as used in this Chapter shall be construed to mean the parish or municipal tax authorized by Sections 11 and 12 of Art. XIV of the constitution of 1921 or such parish or municipal tax as may be authorized hereafter by constituti…
La. Rev. Stat. § 39:113 Appropriations
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§113. Appropriations A. All funds from whatever the source for state projects approved under the provisions of this Part shall be appropriated to the office of facility planning and control of the division of administration. This requirement shall not apply to appropriations made…
La. Rev. Stat. § 39:114 Revised capital outlay budget
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§114. Revised capital outlay budget A. Within sixty days after passage of the capital outlay bill, the governor shall cause to be prepared a revised five-year capital outlay program. The program so prepared shall reflect projects in the capital outlay act, and include all details…
La. Rev. Stat. § 39:115 Notice requirements
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§115. Notice requirements A. The office of facility planning and control shall send notice to all nonstate entities of the need to resubmit a capital outlay budget request for projects that do not receive a line of credit for the total amount of bond proceeds authorized in the Ca…
La. Rev. Stat. § 39:116 Capital Outlay reporting requirements; projects in any Capital Outlay Budget Act for eight or more years; completed projects
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§116. Capital Outlay reporting requirements; projects in any Capital Outlay Budget Act for eight or more years; completed projects A. The Joint Legislative Committee on Capital Outlay shall receive an annual reporting of capital outlay projects which have been active in the capit…
La. Rev. Stat. § 39:1171 Parish governing authorities, school boards and municipal corporations may appropriate portion of taxes to pay indebtedness
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§1171. Parish governing authorities, school boards and municipal corporations may appropriate portion of taxes to pay indebtedness Parish governing authorities, school boards and municipal corporations, the city of New Orleans excepted, may dedicate, appropriate and pledge not mo…
La. Rev. Stat. § 39:1172 Duty of governing authority when certificates are authorized
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§1172. Duty of governing authority when certificates are authorized The certificates shall be issued only when authorized by ordinance or resolution passed by the governing authority issuing them and when certificates have been so authorized the governing authority shall dedicate…
La. Rev. Stat. § 39:1173 To whom certificates of indebtedness may be issued
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§1173. To whom certificates of indebtedness may be issued For the purpose of evidencing the indebtedness, the governing authorities of parishes, school boards and municipal corporations, subject to the conditions hereinafter prescribed in this Chapter, may issue to any creditor, …
La. Rev. Stat. § 39:1174 Supplementary method of paying claims
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§1174. Supplementary method of paying claims As an additional and supplementary method of paying and liquidating the claims, accounts or charges composing the aforesaid indebtedness, the governing authorities of municipal corporations, parishes, and school boards may fund the ava…
La. Rev. Stat. § 39:1175 Contest
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§1175. Contest For a period of thirty days after the promulgation of any resolution issuing the certificates of indebtedness as provided for in this Chapter, in whole or in part, any party in interest shall have the right of action in any court of competent jurisdiction to contes…
La. Rev. Stat. § 39:1176 Form of certificates
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§1176. Form of certificates The certificates of indebtedness shall be executed and signed by the president and secretary or clerk of the parish governing body or school board, or by the mayor and secretary or clerk of the municipal corporation issuing them, or by other officials …
La. Rev. Stat. § 39:1177 Sale of certificates, par; interest
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§1177. Sale of certificates, par; interest The certificates of indebtedness may be sold at either private or public sale within the discretion of the issuing bodies but no certificate shall be sold for less than par plus accrued interest to the date of delivery, and no certificat…
La. Rev. Stat. § 39:1178 Sale of certificates; publication
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§1178. Sale of certificates; publication A. If the issuing bodies deem it to their best financial interest to sell the certificates at public sale, then all certificates issued by authority of this Chapter shall be advertised for sale on sealed bids, and the advertisements shall …
La. Rev. Stat. § 39:1179 Proceeds of sale of certificates to go into special fund
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§1179. Proceeds of sale of certificates to go into special fund The proceeds from the sale of the certificates shall be deposited in a separate and special fund and used exclusively for the payment, satisfaction and liquidation of the claims, accounts or charges composing the ind…
La. Rev. Stat. § 39:12 Powers and duties
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§12. Powers and duties A. The commissioner of administration may adopt rules and regulations to: (1) Require that all state property in the name of any state agency be placed in the name of the state of Louisiana. (2) Require that documents and records pertaining to transactions …
La. Rev. Stat. § 39:121 Division of administration powers, duties, and functions
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§121. Division of administration powers, duties, and functions The division of administration, in accordance with the provisions of R.S. 39:1410 in order to exercise supervision over the expenditure of funds and the construction projects, shall specifically: (1) Have the authorit…
La. Rev. Stat. § 39:121.1 Timely submission of invoices
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§121.1. Timely submission of invoices Any entity administering a capital outlay project included in the comprehensive capital outlay budget may require all parties performing any portion of planning and designing, including engineers and architects, or parties contracted with for…
La. Rev. Stat. § 39:1211 Depositing authorities defined
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§1211. Depositing authorities defined The term, "local depositing authorities", includes all parishes, municipalities, boards, commissions, sheriffs and tax collectors, judges, clerks of court, and any other public bodies or officers of any parish, municipality or township, but i…
La. Rev. Stat. § 39:1212 Daily deposits
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§1212. Daily deposits After the expiration of existing contracts, all funds of local depositing authorities shall be deposited daily whenever practicable, in the fiscal agency provided for, upon the terms and conditions, and in the manner set forth in this Chapter. Deposits shall…
La. Rev. Stat. § 39:1213 Fiscal agencies designated
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§1213. Fiscal agencies designated The fiscal agency with which funds are deposited shall be a stock-owned federally insured depository institution organized under the laws of this state or of any other state of the United States, or under the laws of the United States, as may be …
La. Rev. Stat. § 39:1214 Bids to be invited
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§1214. Bids to be invited A. Local depositing authorities shall, within thirty days prior to the expiration of any contract that may be entered into under this Chapter, give written notice to each of the banks located in any parish which embraces all or any portion of the politic…
La. Rev. Stat. § 39:1215 Depositing authorities located in parishes or municipalities of over one hundred thousand; private contract with banks
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§1215. Depositing authorities located in parishes or municipalities of over one hundred thousand; private contract with banks A. If any local depositing authority, located in whole or in part in any parish or municipality with a population of over one hundred thousand, is unable …
La. Rev. Stat. § 39:1216 Depositing authorities located in parishes or municipalities of over one hundred thousand; supplemental private contracts with banks
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§1216. Depositing authorities located in parishes or municipalities of over one hundred thousand; supplemental private contracts with banks If a local depositing authority, located in whole or in part in a parish or municipality having a population of over one hundred thousand fi…
La. Rev. Stat. § 39:1217 Depositing authorities located in parishes or municipalities of less than one hundred thousand; private contracts with banks
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§1217. Depositing authorities located in parishes or municipalities of less than one hundred thousand; private contracts with banks If any depositing authority, located in any parish or municipality with a population of less than one hundred thousand, advertises for banks to qual…
La. Rev. Stat. § 39:1217.1 Depositing authorities located in parishes or municipalities of less than one hundred thousand; exemption
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§1217.1. Depositing authorities located in parishes or municipalities of less than one hundred thousand; exemption Any depositing authority located in a parish or municipality with a population of less than one hundred thousand shall generally be exempt from the provisions of R.S…
La. Rev. Stat. § 39:1218 Fiscal agent banks and private contract banks; security and service
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§1218. Fiscal agent banks and private contract banks; security and service Any bank selected as the fiscal agency of any depositing authority, or any bank with whom a private contract is entered into, whether the bank is within or without the state, shall give security for the sa…
