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La. Rev. Stat. § 33:4545.20 Refunding bonds
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§4545.20. Refunding bonds The Authority is hereby authorized to provide by resolution for the issuance of revenue refunding bonds of the Authority for the purpose of refunding any revenue bonds then outstanding and issued under the provisions of this Chapter, whether or not such …
La. Rev. Stat. § 33:4545.21 Status of bonds
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§4545.21. Status of bonds Notwithstanding any of the provisions of this Chapter or any recitals in any bonds issued under this Chapter, all such bonds shall be deemed to have all the qualities of registered instruments under the commercial laws of the state, subject only to the p…
La. Rev. Stat. § 33:4545.22 Bonds as legal investments and lawful security
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§4545.22. Bonds as legal investments and lawful security The bonds issued pursuant to this Chapter shall be and are hereby declared to be legal and authorized investments for banks, savings banks, trust companies, building and loan associations, insurance companies, fiduciaries, …
La. Rev. Stat. § 33:4545.23 Bonds exempt from taxation
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§4545.23. Bonds exempt from taxation Bonds, their transfer and the income therefrom, including any profit made on the sale thereof, shall at all times be exempt from all taxation by the state or any political subdivision thereof. Added by Acts 1979, No. 772, §1, eff. July 20, 197…
La. Rev. Stat. § 33:4545.24 Payment in lieu of taxes
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§4545.24. Payment in lieu of taxes A project owned by the Authority shall be exempt from property taxes; provided, however, that the Authority owning a project may, in lieu of property taxes, pay to any governmental body authorized to levy property taxes an amount in lieu of prop…
La. Rev. Stat. § 33:4545.25 Properties of political subdivisions and the state
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§4545.25. Properties of political subdivisions and the state The Authority shall have the power to enter upon, use, occupy, and dig up any street, road or highway or public lands necessary to be entered upon, used or occupied in connection with the acquisition, construction or im…
La. Rev. Stat. § 33:4545.26 Eminent domain
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§4545.26. Eminent domain The Authority created under the provisions of this Chapter is hereby vested with the authority to exercise the power of expropriation or eminent domain to the same extent as all other public utilities in the state of Louisiana in accordance with R.S. 19:1…
La. Rev. Stat. § 33:4545.27 Annual reports
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§4545.27. Annual reports The Authority, promptly following the close of the calendar year, shall submit an annual report of its activities for the preceding year to the governing body of the participating municipalities which appoint members of the board of directors of the Autho…
La. Rev. Stat. § 33:4545.28 Officials not liable
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§4545.28. Officials not liable No officer or director of the Authority, or officer or member of the governing authority of any governmental unit contracting with the Authority, or person or persons acting in their behalf, while acting within the scope of their authority shall be …
La. Rev. Stat. § 33:4545.29 Dissolution of Authority
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§4545.29. Dissolution of Authority Whenever the board of directors of the Authority and the participating municipalities then appointing its members shall determine that the purposes for which it was created have been substantially fulfilled or are impractical or impossible of ac…
La. Rev. Stat. § 33:4545.3 Definitions
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§4545.3. Definitions Wherever used in this chapter, unless a different meaning clearly appears in the context, the following terms, whether used in the singular or plural, shall be given the following respective interpretations: 1. "Authority" shall mean the political subdivision…
La. Rev. Stat. § 33:4545.30 Provisions of Chapter construction; powers reserved
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§4545.30. Provisions of Chapter construction; powers reserved Nothing herein shall be construed to deprive the state and its political subdivisions of their respective police powers over properties of the Authority or to impair any power thereover of any official or agency of the…
La. Rev. Stat. § 33:4545.31 Retail sales prohibited
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§4545.31. Retail sales prohibited The Authority shall have no power or authority right to sell or to provide for the transmission of electric power or energy at retail. Added by Acts 1979, No. 772, §1, eff. July 20, 1979.
La. Rev. Stat. § 33:4545.32 Restriction as to transmission facilities
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§4545.32. Restriction as to transmission facilities The Authority shall not construct facilities for the transmission of electric power and energy unless it cannot provide for such by contract with investor-owned electric power companies with available existing transmission facil…
La. Rev. Stat. § 33:4545.33 Applicability of anti-trust laws
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§4545.33. Applicability of anti-trust laws Nothing in this Chapter shall be construed to grant an immunity to or on behalf of any Authority or any public instrumentality created under this act from anti-trust laws of the state of Louisiana or of the United States. Added by Acts 1…
La. Rev. Stat. § 33:4545.34 Responsibility of municipalities in operation as utilities
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§4545.34. Responsibility of municipalities in operation as utilities Nothing in this Chapter shall be construed to alter the principle that municipalities in the operation of their utility systems are held to the same responsibility as is a private corporation. Any Authority crea…
La. Rev. Stat. § 33:4545.35 Local option
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§4545.35. Local option A. The provisions of this Chapter shall not apply to any municipality unless the qualified electors of the municipality vote in favor of the application of this Chapter to the municipality as provided in Subsection B hereof. B. The governing authority of a …
La. Rev. Stat. § 33:4545.36 Powers, etc., severable; provisions of Chapter controlling over other statutes and charters
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§4545.36. Powers, etc., severable; provisions of Chapter controlling over other statutes and charters If any one or more Sections, Subsections, sentences, or Parts of any of this Chapter shall be adjudged unconstitutional or invalid, such adjudication shall not affect, impair or …
La. Rev. Stat. § 33:4545.37 Laws governing contracts
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§4545.37. Laws governing contracts All contracts let for purposes of this Chapter shall be subject to the public contract laws contained in R.S. 38:2211-2225, except contracts entered into between the Authority and a participating municipality, contracts between municipalities, a…
La. Rev. Stat. § 33:4545.4 Board of directors as governing authority of the Authority
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§4545.4. Board of directors as governing authority of the Authority A. The Authority hereby created shall be governed by a board of directors of the Authority composed of members who shall be appointed as follows: (1) The governing authority of each municipality that desires to b…
La. Rev. Stat. § 33:4545.4.1 Alternate directors
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§4545.4.1. Alternate directors In addition to the appointment of a director by the mayor of each municipality that becomes a member, the mayor of each such municipality may also appoint an alternate director to the board of directors of the authority, which appointment is also su…
La. Rev. Stat. § 33:4545.4.2 Domicile of directors, parish-council form of government
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§4545.4.2. Domicile of directors, parish-council form of government Notwithstanding anything to the contrary contained in this Chapter, a director representing a municipality which, together with the parish in which it is located is governed by a parish-council consolidated form …
La. Rev. Stat. § 33:4545.4.3 Alternate form for approving changes in board membership
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§4545.4.3. Alternate form for approving changes in board membership With the approval of a majority of the board of directors, mail ballots may be utilized to record the vote of the board of directors on any ordinance proposing to increase or decrease the membership of the board …
La. Rev. Stat. § 33:4545.5 Defense and indemnification of directors, officers or employees
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§4545.5. Defense and indemnification of directors, officers or employees The authority may defend, indemnify against loss or liability and save harmless any of its directors, officers or employees whenever a claim or demand is made or threatened, or whenever proceeded against in …
La. Rev. Stat. § 33:4545.6 Operating committee; powers and duties; terms
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§4545.6. Operating committee; powers and duties; terms A. The directors of the Authority may create an operating committee for the board of directors. The board of directors may provide for the composition of the operating committee so as to afford, in its judgment, fair represen…
La. Rev. Stat. § 33:4545.7 Powers of Authority
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§4545.7. Powers of Authority A. The Authority shall have all of the rights and powers necessary to carry out and effectuate the purposes and provisions of this chapter. Without limiting the generality of the foregoing, the Authority, as a political subdivision of the state of Lou…
La. Rev. Stat. § 33:4545.8 Participating in more than one entity or undertaking
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§4545.8. Participating in more than one entity or undertaking Nothing herein contained shall prohibit any governmental unit from being a member of more than one entity or undertaking for the purpose of obtaining an adequate electric power supply. Added by Acts 1979, No. 772, §1, …
La. Rev. Stat. § 33:4545.9 Purchase of capacity and output by a municipality
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§4545.9. Purchase of capacity and output by a municipality Any municipality may contract to buy from the Authority power and energy required for its present or future requirements, including the capacity and output of one or more specified projects. Any such contract may provide …
La. Rev. Stat. § 33:4546.1 Short title
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§4546.1. Short title This Chapter shall be known and may be cited as the "Louisiana Municipal Natural Gas Purchasing and Distribution Act". Acts 1987, No. 658, §1.
La. Rev. Stat. § 33:4546.10 Rates and charges
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§4546.10. Rates and charges A. The authority is hereby authorized to fix, charge, and collect rents, rates, fees, and other charges for the services, facilities, and commodities sold, furnished, or supplied by, the authority. Such rates, fees, and charges shall be so fixed and re…
La. Rev. Stat. § 33:4546.11 Trust funds
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§4546.11. Trust funds Notwithstanding any other provisions of law to the contrary, all monies received pursuant to the authority of this Chapter, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be held and applied solely as provided…
La. Rev. Stat. § 33:4546.12 Bondholders remedies
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§4546.12. Bondholders remedies Any holder of bonds issued under the provisions of this Chapter or any of the coupons appertaining thereto, and the trustee under any trust agreement, except to the extent the rights herein given may be restricted by such trust agreement or the reso…
La. Rev. Stat. § 33:4546.13 Refunding bonds
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§4546.13. Refunding bonds A. The authority is hereby authorized to provide by resolution for the issuance of revenue refunding bonds of the authority for the purpose of refunding any revenue bonds then outstanding and issued under the provisions of this Chapter, whether or not su…
La. Rev. Stat. § 33:4546.14 Status of bonds
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§4546.14. Status of bonds Notwithstanding any of the provisions of this Chapter or any recitals in any bonds issued under this Chapter, all such bonds shall be deemed to have all the qualities of registered instruments under the commercial laws of the state, subject only to the p…
La. Rev. Stat. § 33:4546.15 Bonds as legal investments and lawful security
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§4546.15. Bonds as legal investments and lawful security The bonds issued pursuant to this Chapter shall be and are hereby declared to be legal and authorized investments for banks, savings banks, trust companies, building and loan associations, insurance companies, fiduciaries, …
La. Rev. Stat. § 33:4546.16 Bonds exempt from taxation
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§4546.16. Bonds exempt from taxation Bonds, their transfer and the income therefrom, including any profit made on the sale thereof, shall at all times be exempt from all taxation by the state or any political subdivision thereof. Acts 1988, No. 412, §1; Acts 2010, No. 175, §4.
La. Rev. Stat. § 33:4546.17 Employees
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§4546.17. Employees Employees of the authority shall not be members of the classified state civil service, shall not be eligible for participation in any state employee benefit program, and shall be employed at no cost to the state. Acts 1989, No. 466, §1.
La. Rev. Stat. § 33:4546.18 Contract with political subdivisions
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§4546.18. Contract with political subdivisions A.(1) Any political subdivision or group of political subdivisions of the state of Louisiana may contract to buy from the authority natural gas required for its or their present or future requirements, including such facility project…
La. Rev. Stat. § 33:4546.19 Sale of natural gas by the authority
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§4546.19. Sale of natural gas by the authority The authority may sell, exchange, or otherwise dispose of the natural gas from a project not then required by participating political subdivisions under their contracts with the authority for such consideration and for such period an…
La. Rev. Stat. § 33:4546.2 Creation of the authority
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§4546.2. Creation of the authority A. There is hereby created a Municipal Natural Gas Purchasing and Distribution Authority to be composed of two or more participating political subdivisions, for the purpose of purchasing natural gas for and the distribution of such gas at wholes…
La. Rev. Stat. § 33:4546.20 Joint ownership of a project
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§4546.20. Joint ownership of a project A.(1) Any agreement between the authority and a political subdivision with respect to the joint ownership of a project or any undivided interest in a project shall provide that each party to the agreement shall own a percentage of the projec…
La. Rev. Stat. § 33:4546.21 Construction contracts
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§4546.21. Construction contracts A. The authority may contract for the planning, acquisition, construction, reconstruction, operation, maintenance, repair, extension, and improvement of a project or may contract with one or more political subdivisions to perform these functions. …
La. Rev. Stat. § 33:4546.3 Powers of the authority
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§4546.3. Powers of the authority A. The authority shall have all of the rights and powers necessary to carry out and effectuate the purposes and provisions of this Chapter. Without limiting the generality of the foregoing, the authority, as a political subdivision of the state of…
La. Rev. Stat. § 33:4546.4 Provisions of Chapter construction; powers reserved
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§4546.4. Provisions of Chapter construction; powers reserved Nothing herein shall be construed to deprive the state and its political subdivisions of their respective police powers over properties of the authority or to impair any power thereover of any official or agency of the …
La. Rev. Stat. § 33:4546.5 Applicability of antitrust laws
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§4546.5. Applicability of antitrust laws All immunity of the state of Louisiana from liability under antitrust law is hereby extended to the authority acting within the scope of the grants of authority contained in this Section and when so acting, the authority shall be presumed …
La. Rev. Stat. § 33:4546.6 Bonds of the authority
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§4546.6. Bonds of the authority A. The authority may issue from time to time its bonds in such principal amounts as the authority shall deem necessary to provide sufficient funds to carry out any of its corporate purposes and powers. The principal of, redemption premium, if any, …
La. Rev. Stat. § 33:4546.7 Interim receipts and temporary bonds; mutilated, lost, and destroyed bonds
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§4546.7. Interim receipts and temporary bonds; mutilated, lost, and destroyed bonds A. Prior to the preparation of definitive bonds, the authority may issue interim receipts of temporary bonds with or without coupon, exchangeable for definitive bonds when such bonds have been exe…
La. Rev. Stat. § 33:4546.8 Bonds not debts of state or governmental units
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§4546.8. Bonds not debts of state or governmental units Bonds issued under the provisions of this Chapter shall not be deemed to constitute a pledge of the faith and credit of the state or of any governmental unit thereof. All such bonds shall contain a statement on their face su…
La. Rev. Stat. § 33:4546.9 Trust agreement; bond resolution
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§4546.9. Trust agreement; bond resolution A. In the discretion of the authority, any revenue bonds issued under the provisions of this Chapter may be secured by a trust agreement by and between the authority and a corporate trustee. Such corporate trustee, and any depository of f…
La. Rev. Stat. § 33:4547.1 Authorization; performance-based energy efficiency contracts
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§4547.1. Authorization; performance-based energy efficiency contracts A. Any political subdivision may enter into a performance-based energy efficiency contract for services and equipment. Such a contract shall be considered a contract for services and shall be exempt from the pr…
