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0 chapters · 1,010 sections in this title.
La. Rev. Stat. § 39:1219 Fiscal agent banks; trust funds and security
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§1219. Fiscal agent banks; trust funds and security Any fiscal agent bank, operating under the laws of this state for the purpose of paying bonds and coupons of this state, of any political subdivision, or of any depositing authority, shall set aside all such funds deposited by a…
La. Rev. Stat. § 39:122 Commencement of work; delays in construction; public statement; allocated funds
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§122. Commencement of work; delays in construction; public statement; allocated funds A.(1) No work shall commence and no contract shall be entered into for any project contained in the Capital Outlay Act unless and until funds are available from the cash sources indicated in the…
La. Rev. Stat. § 39:1220 Selection of depositories
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§1220. Selection of depositories A. Local depositing authorities shall, except as otherwise provided in this Chapter, select as the depositories of their funds, financial institutions domiciled or having branch offices located in the parish or municipality or congressional distri…
La. Rev. Stat. § 39:1220.1 Local depositing authorities; activity charges
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§1220.1. Local depositing authorities; activity charges Notwithstanding any provision of law to the contrary, all fiscal agent or depository banks shall pay at par and receive on deposit at par all checks and drafts drawn by or deposited for the account of the local depositing au…
La. Rev. Stat. § 39:1221 Security for deposits; kinds
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§1221. Security for deposits; kinds A. Local depositing authorities shall require as security for deposits: (1) Bonds or other interest-bearing securities of the United States, or any agency thereof, including but not limited to the Federal National Mortgage Association, or bonds…
La. Rev. Stat. § 39:1222 Security of deposits; approval by depositing authority
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§1222. Security of deposits; approval by depositing authority Where any fiscal authority elects to deposit as security any bonds, certificates of indebtedness, paving certificates, promissory notes, evidence of participation in promissory notes or other interest-bearing securitie…
La. Rev. Stat. § 39:1223 Security for deposits; value of securities
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§1223. Security for deposits; value of securities Any bonds and certificates of indebtedness, including paving certificates, of any authority referred to in R.S. 39:1221(1), whose revenue in whole or in part is not derived from ad valorem taxes, and any paving certificates of any…
La. Rev. Stat. § 39:1224 Security for deposits; authorized depositories
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§1224. Security for deposits; authorized depositories The bonds, certificates of indebtedness, paving certificates, promissory notes, evidence of participation in promissory notes, and other interest-bearing securities or obligations furnished as security, shall be deposited with…
La. Rev. Stat. § 39:1225 Security for deposits; amount of security
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§1225. Security for deposits; amount of security The amount of the security shall at all times be equal to one hundred percent of the amount of collected funds on deposit to the credit of each depositing authority except that portion of the deposits insured by any governmental ag…
La. Rev. Stat. § 39:1226 Additional security; failure to provide
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§1226. Additional security; failure to provide If the security required under the provisions of R.S. 39:1221, R.S. 39:1223, R.S. 39:1224, or R.S. 39:1225 is not furnished by a fiscal agency or depository bank, the depositing authority may require such additional or other security…
La. Rev. Stat. § 39:1227 Failure of depository; depositing authority holding own notes; right to set-off
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§1227. Failure of depository; depositing authority holding own notes; right to set-off Any depositing authority which holds its own note as security, in whole or in part, for its deposits in any bank, shall, if the bank fails, have the right to set-off its deposits against its no…
La. Rev. Stat. § 39:1228 Failure of depository; participation in dividends
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§1228. Failure of depository; participation in dividends If any depository bank fails or suspends payment, the depositing authority shall participate in all dividends paid by the bank to other depositors, on the basis of the amount on deposit on the date the depository bank fails…
La. Rev. Stat. § 39:1229 Failure of depository; sale of security
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§1229. Failure of depository; sale of security If any depository bank fails or suspends, or fails on due demand without just cause, to pay any funds deposited with it, the fiscal officer with whom the collateral has been deposited as security, by direction of the authority which …
La. Rev. Stat. § 39:123 Construction progress report
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§123. Construction progress report The commissioner of administration shall provide quarterly to the legislature by the fifteenth day following the beginning of the first month in each quarter, a construction progress report listing all uncompleted capital construction, highway, …
La. Rev. Stat. § 39:1230 Deposit of proceeds of bonds; not subject to foregoing rules
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§1230. Deposit of proceeds of bonds; not subject to foregoing rules Local depositing authorities which have the right to deposit public funds and which may have bonds for sale, may, pursuant to an agreement with the purchaser of the bonds, deposit the proceeds of the bonds, until…
La. Rev. Stat. § 39:1231 Funds in registry of court; deposit
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§1231. Funds in registry of court; deposit A. All funds deposited in the registry of any court or coming into the hands of the clerk of court in any judicial proceedings and not belonging to such officer, shall be deposited in the bank previously selected by the clerk of court as…
La. Rev. Stat. § 39:1232 Responsibility of depositing officials
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§1232. Responsibility of depositing officials The treasurer of any depositing authority, or any other public official, having custody of public funds, shall not be responsible for any money or moneys deposited in the bank selected by the authority having the right to select the d…
La. Rev. Stat. § 39:1233 Bank officer who is member of depositing board not to vote for his bank
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§1233. Bank officer who is member of depositing board not to vote for his bank An officer of any bank who is a member of any board having authority to let public funds shall not cast any vote in favor of any bank of which he is an officer.
La. Rev. Stat. § 39:1233.1 Bank officer, director, or employee who is member of depositing authority; recusal
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§1233.1. Bank officer, director, or employee who is member of depositing authority; recusal Notwithstanding any provision of Chapter 15 of Title 42 of the Revised Statutes of 1950 or any other law to the contrary, any member of a local depositing authority, including the chief ex…
La. Rev. Stat. § 39:1234 Existing contracts not affected
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§1234. Existing contracts not affected Nothing in this Chapter shall be construed as abrogating or cancelling any existing contracts on the part of any local depositing authority, all of which shall remain in full force and effect until their expiration.
La. Rev. Stat. § 39:1235 Termination of contracts; set-off by depository
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§1235. Termination of contracts; set-off by depository Whenever the contract of any depositing authority with any fiscal agent or depository terminates by limitation or otherwise, or when any fiscal agent or depository fails or suspends payment, the fiscal agent or depository or …
La. Rev. Stat. § 39:124 Periodic inspections
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§124. Periodic inspections The facility planning and control section shall make periodic inspections at all stages of construction of any facility constructed pursuant to this Part and shall make detailed reports which shall be made available to the legislature and to the public.…
La. Rev. Stat. § 39:1241 Fiscal agent banks for cities over one hundred fifty thousand population
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§1241. Fiscal agent banks for cities over one hundred fifty thousand population Fiscal agent banks for the deposit of funds belonging to cities in this state having a population exceeding one hundred fifty thousand according to the last preceding federal census of the United Stat…
La. Rev. Stat. § 39:1242 Security for deposits
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§1242. Security for deposits A. The commissioner of public finance, or the finance officer of cities having a population exceeding one hundred fifty thousand, or any department, board, commission, or institution thereof, shall require as security for deposits belonging to and hel…
La. Rev. Stat. § 39:1243 Securities under control of depositing authorities
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§1243. Securities under control of depositing authorities All securities pledged for deposit of public funds belonging to cities of this state having a population exceeding one hundred fifty thousand, either in physical possession of the depositing authority or deposited under jo…
La. Rev. Stat. § 39:1244 Responsibility of depositing authorities for funds deposited; for collateral
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§1244. Responsibility of depositing authorities for funds deposited; for collateral Neither the commissioners of public finance, nor the finance officers of cities located in this state having a population exceeding one hundred fifty thousand, nor any department, board, commissio…
La. Rev. Stat. § 39:1245 Depositing authority and fiscal agent bank defined
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§1245. Depositing authority and fiscal agent bank defined "Depositing authority" as used in this Part means the commissioner of public finance or the finance officer, or any department, board, commission, or institution of cities located in this state having a population exceedin…
La. Rev. Stat. § 39:125 Acceptance of project; guarantee period
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§125. Acceptance of project; guarantee period A. The facility planning and control section shall be responsible for directing final payment for work done on each project. However, if upon final inspection of any project it shall be found that the plans, specifications, contract, …
La. Rev. Stat. § 39:125.1 Disposal of projects which received funding through the capital outlay budget;
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§125.1. Disposal of projects which received funding through the capital outlay budget; limitations; requirements A. For projects included in the capital outlay budget for fiscal years beginning on or after July 1, 2024, the owner of a project that received funding through the sal…
La. Rev. Stat. § 39:126 Change orders
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§126. Change orders The prior approval of the Joint Legislative Committee on the Budget is required for one or more change orders that cause an excess in the aggregate of two hundred fifty thousand dollars per month for a project undertaken pursuant to an appropriation in the Cap…
La. Rev. Stat. § 39:127 Allocation of space
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§127. Allocation of space A. For purposes of this Section, the term "state owned buildings" shall mean public buildings belonging to or under the control of the state of Louisiana and used to house personnel, equipment, or services of the various agencies of the state. Neither th…
La. Rev. Stat. § 39:127.1 Space acquisition; State Capitol Complex and Downtown Development District of the city of Baton Rouge
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§127.1. Space acquisition; State Capitol Complex and Downtown Development District of the city of Baton Rouge A. The Legislature of Louisiana hereby finds and declares that efficient planning, acquisition, utilization, and management of state space facilities in Baton Rouge may b…
La. Rev. Stat. § 39:127.2 Utilization of office space in state owned buildings
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§127.2. Utilization of office space in state owned buildings A. The Legislature of Louisiana hereby finds and declares that the maximum utilization of state owned or leased buildings is a necessary cost efficiency and, accordingly, further declares that it is incumbent upon and t…
La. Rev. Stat. § 39:1272 Securities purchased may be cashed
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§1272. Securities purchased may be cashed The political subdivision may also, at any time that may be deemed advisable, cash and liquidate any or all of the bonds, notes or certificates purchased for any particular fund, and the proceeds of the liquidation shall be credited to th…
La. Rev. Stat. § 39:1273 Federal bonds and debentures as security for public funds
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§1273. Federal bonds and debentures as security for public funds Federal farm loan bonds issued by federal land banks, debentures issued by federal intermediate credit banks, and debentures issued by banks for cooperatives are hereby designated as security for all character of pu…
La. Rev. Stat. § 39:128 Exemptions
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§128. Exemptions A. Facilities to house the legislature or any agency within the legislative branch of government shall be exempt from the provisions of this Part. B.(1) Minor repairs, renovation, or construction of buildings or other facilities or the purchase of land, buildings…
La. Rev. Stat. § 39:13 Comprehensive state lands inventory; nonproductive property; annual reporting; sale at public
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§13. Comprehensive state lands inventory; nonproductive property; annual reporting; sale at public auction A. The commissioner shall create a central database for all immovable property in which the state has an interest including all lands, waterbottoms, and facilities both owne…
La. Rev. Stat. § 39:1301 Short title
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§1301. Short title This Chapter may be cited as the "Louisiana Local Government Budget Act." Added by Acts 1980, No. 504, §1, eff. Sept. 1, 1980.
La. Rev. Stat. § 39:1302 Definitions
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§1302. Definitions For the purposes of this Chapter: (1) "Adopted budget" means the budget adopted by the governing authority of the political subdivision inclusive of any and all amendments adopted by the governing authority to the proposed budget. (2) "Governing authority" mean…
La. Rev. Stat. § 39:1303 Legislative intent
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§1303. Legislative intent A. It is the intent of the legislature that this Chapter shall apply, as provided for herein, to all political subdivisions of the state with a general fund or a special revenue fund, except that the provisions of R.S. 39:1307 related to public participa…
La. Rev. Stat. § 39:1304 Uniform chart of accounts
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§1304. Uniform chart of accounts A. The legislative auditor shall develop a uniform chart of accounts for use by political subdivisions in recording of all financial transactions. The legislative auditor shall submit the proposed chart of accounts to the Joint Legislative Committ…
La. Rev. Stat. § 39:1305 Budget preparation
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§1305. Budget preparation A. Each political subdivision shall cause to be prepared a comprehensive budget presenting a complete financial plan for each fiscal year for the general fund and each special revenue fund. B. The chief executive or administrative officer of the politica…
La. Rev. Stat. § 39:1306 Completion and submission of the proposed budget
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§1306. Completion and submission of the proposed budget A. The proposed budget for political subdivisions with a governing authority including municipalities, parishes, school boards, and special districts shall be completed and submitted to the governing authority of that politi…
La. Rev. Stat. § 39:1307 Public participation
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§1307. Public participation A. Political subdivisions with total proposed expenditures of five hundred thousand dollars or more from the general fund and any special revenue funds in a fiscal year or other similar budgetary period shall afford the public an opportunity to partici…
La. Rev. Stat. § 39:1308 Inspection of the proposed budget
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§1308. Inspection of the proposed budget A. The proposed budget of a political subdivision shall be available for public inspection at the following locations: (1) Municipalities: at the office of the mayor or municipal governing authority. (2) School boards: at the school board …
La. Rev. Stat. § 39:1309 Adoption
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§1309. Adoption A. All action necessary to adopt and otherwise finalize and implement the budget for a fiscal year, including the adoption of any amendments to the proposed budget, shall be taken in open meeting and completed before the end of the prior fiscal year except that: (…
La. Rev. Stat. § 39:131 Statement of purpose
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§131. Statement of purpose The purpose of this Part is to clarify the role of the state legislature in appropriating federal funds received by the state so as to assure that state purposes are served and legislative priorities are adhered to by the acceptance and use of such fund…
La. Rev. Stat. § 39:1310 Amending the adopted budget
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§1310. Amending the adopted budget A. When the governing authority has received notification pursuant to R.S. 39:1311, or there has been a change in operations upon which the original adopted budget was developed, the governing authority shall adopt a budget amendment in an open …
La. Rev. Stat. § 39:1311 Budgetary authority and control
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§1311. Budgetary authority and control A. The adopted budget and any duly authorized adopted amendments shall form the framework from which the chief executive or administrative officers and members of the governing authority of the political subdivision shall monitor revenues an…
La. Rev. Stat. § 39:1312 Governing authority's failure to make appropriation
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§1312. Governing authority's failure to make appropriation If, at the end of any fiscal year, the appropriations necessary for the support of the political subdivision for the ensuing fiscal year have not been made, then fifty percent of the amounts appropriated in the appropriat…
