Title 39, Public Finance

0 chapters · 1,355 sections in this title.

1,355 sectionsFiltered byTitle 39

La. Rev. Stat. § 39:1032 Definitions
1.3K chars
§1032. Definitions As used in this Part, the following terms shall have the following meanings: (1) "Bonds" means and includes bonds, notes, certificates, or other written obligations for the repayment of borrowed money. (2) "Board of Liquidation" means the Board of Liquidation, …
La. Rev. Stat. § 39:1033 General power to issue bonds
0.3K chars
§1033. General power to issue bonds The city of New Orleans is hereby authorized to issue bonds in the manner and form and subject to the conditions and limitations hereinafter set forth. Acts 1985, No. 674, §3, eff. July 16, 1985. {{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}
La. Rev. Stat. § 39:1034 Authority to issue particular type bonds
10.4K chars
§1034. Authority to issue particular type bonds A. General obligation bonds. (1) Authorization; election. Subject to the approval of the State Bond Commission, or its successor, general obligation bonds may be issued by the City if authorized by a majority of the electors of the …
La. Rev. Stat. § 39:1034.1 Limitation on increases in the millage rate and collection of resulting taxes for ad valorem taxes of the Board of Liquidation
0.9K chars
§1034.1. Limitation on increases in the millage rate and collection of resulting taxes for ad valorem taxes of the Board of Liquidation Notwithstanding the provisions of R.S. 39:1034 and any other provisions of law to the contrary, due to the effects of Hurricane Katrina there sh…
La. Rev. Stat. § 39:1035 Manner of issuing bonds
0.8K chars
§1035. Manner of issuing bonds All bonds shall be issued pursuant to a resolution which shall fix the details of the bonds, including their form, terms, security, manner of execution, repayment schedule, and redemption features. The Board of Liquidation shall adopt all resolution…
La. Rev. Stat. § 39:1036 Interest rates
0.4K chars
§1036. Interest rates Subject to the provisions of R.S. 39:1424, bonds of the City and public entities may be sold at the rate or rates set forth in the resolution or other instrument providing for their issuance. Such bonds may be issued at fixed, variable, or adjustable rates o…
La. Rev. Stat. § 39:1037 Sales of bonds
1.3K chars
§1037. Sales of bonds Bonds may be sold at either public or private sale and may be sold at such price or prices as may be determined to be in the best interest of the issuer by the issuing body, which price may be at a discount from par. Bonds may be sold at private sale only if…
La. Rev. Stat. § 39:1038 Defeasance of bonds
0.3K chars
§1038. Defeasance of bonds The provisions of Chapter 14 of Title 39 of the Louisiana Revised Statutes of 1950 shall be applicable to all bonds issued by the City and its public entities. Acts 1985, No. 674, §8, eff. July 16, 1985. {{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}
La. Rev. Stat. § 39:1039 Fully registered bonds
0.2K chars
§1039. Fully registered bonds The provisions of Chapter 13-A of Title 39 shall be applicable to all bonds issued by the City and public entities. Acts 1985, No. 674, §9, eff. July 16, 1985. {{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}
La. Rev. Stat. § 39:104 Capital outlay budget preparation
0.7K chars
§104. Capital outlay budget preparation A. The division of administration then shall prepare the capital outlay budget for the next five years. B. The budget shall include a list of projects requested to be undertaken within the time period, projects recommended by the division o…
La. Rev. Stat. § 39:1040 Credit enhancement devices
0.5K chars
§1040. Credit enhancement devices The City and public entities may, in connection with the sale of bonds, use municipal bond insurance, bank guarantees, surety bonds, letters of credit, and other devices to enhance the credit quality of the bonds, the cost of which credit enhance…
La. Rev. Stat. § 39:1041 Publication of resolutions; peremption
1.3K chars
§1041. Publication of resolutions; peremption All resolutions authorizing the issuance of bonds of the City and public entities shall be published one time in the official journal of the City. It shall not be necessary to publish exhibits to such resolutions if the exhibits are m…
La. Rev. Stat. § 39:1042 Negotiable instruments
0.5K chars
§1042. Negotiable instruments Bonds issued under the authority of this Part shall have all the qualities of negotiable paper and shall constitute negotiable instruments under the negotiable instruments law of the state. They shall not be invalid for any irregularity or defect in …
La. Rev. Stat. § 39:1043 Exemption from taxation; eligibility for investment
0.7K chars
§1043. Exemption from taxation; eligibility for investment Bonds issued under the authority of this Part shall be exempt from all taxation for state, parish, municipal, or other purposes. The bonds shall be legal and authorized investments for banks, savings banks, insurance comp…
La. Rev. Stat. § 39:105 Capital Outlay reports to Joint Legislative Committee on Capital Outlay
3.5K chars
§105. Capital Outlay reports to Joint Legislative Committee on Capital Outlay A.(1) The office of facility planning and control and any state agency authorized to administer capital outlay appropriations shall submit to the Joint Legislative Committee on Capital Outlay an annual …
La. Rev. Stat. § 39:1051 Public Entity Facilities Financing Act
6.9K chars
§1051. Public Entity Facilities Financing Act A. Title. The provisions of this Part shall be known and may be cited as the "Public Entity Facilities Financing Act". B. Creation or designation of public benefit corporations to finance the construction, renovation and operation of …
La. Rev. Stat. § 39:11 Authority
0.7K chars
§11. Authority A. The commissioner of administration shall administer and supervise lands, waterbottoms, and facilities owned or leased by the state of Louisiana. The commissioner shall be an essential party to all transactions involving immovable property in which the state has …
La. Rev. Stat. § 39:1101 Subdivisions; grant of power
0.4K chars
§1101. Subdivisions; grant of power Parishes and municipal corporations, the city of New Orleans and parish of Orleans excepted, hereinafter referred to as political subdivisions of the state, may fund into bonds the avails or residue of their general alimony tax in the form and …
La. Rev. Stat. § 39:1102 Governing authorities
0.2K chars
§1102. Governing authorities The governing authority of subdivisions enumerated in this Chapter shall be: for parishes, the police jury of the parish or its equivalent; for cities, towns and villages, the municipal boards thereof.
La. Rev. Stat. § 39:1103 Parish purposes
0.4K chars
§1103. Parish purposes After making provisions for the payment of all statutory and ordinary charges, the governing authority of any parish may fund into bonds of the parish the avails or residue of its general alimony tax for purposes of acquiring, constructing, and maintaining …
La. Rev. Stat. § 39:1104 Municipal purposes
0.7K chars
§1104. Municipal purposes The governing authority of any municipal corporation, including any city, town, or village, after making provisions for the payment of all statutory and ordinary charges, may fund into bonds of the municipal corporation the avails or residue of its gener…
La. Rev. Stat. § 39:1105 Resolution and notice of intention
1.2K chars
§1105. Resolution and notice of intention No bonds shall be issued hereunder until the notice hereafter provided has been given. The notice shall be ordered by resolution, which shall state the purpose for which the bonds are to be issued, the amount of the bond issue proposed an…
La. Rev. Stat. § 39:1106 Sworn statement of charges and revenues
1.5K chars
§1106. Sworn statement of charges and revenues The governing authority of the political subdivision shall meet in open session on the date and at the time and place designated in the notice. It shall spread upon its minutes an itemized statement of its statutory and ordinary char…
La. Rev. Stat. § 39:1107 Taxes required for expenses, charges and other obligations
0.6K chars
§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
0.3K chars
§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
0.4K chars
§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
0.5K chars
§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
0.2K chars
§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
0.7K chars
§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
0.3K chars
§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
0.8K chars
§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
0.7K chars
§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
0.8K chars
§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
1.3K chars
§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
1.6K chars
§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
0.7K chars
§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
0.8K chars
§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
16.1K chars
§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
0.8K chars
§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
0.7K chars
§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
0.4K chars
§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
0.1K chars
§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
0.7K chars
§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
0.3K chars
§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
1.3K chars
§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
0.3K chars
§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
0.4K chars
§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
0.3K chars
§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
0.8K chars
§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
1.6K chars
§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…