Title 39, Public Finance

0 chapters · 1,355 sections in this title.

1,355 sectionsFiltered byTitle 39

La. Rev. Stat. § 39:1356 Penalties
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§1356. Penalties A.(1) Any person who violates any provision of this Chapter shall be subject to an action for recovery of any funds, property, or other thing of value lost as a result of, and any other damages resulting from, such violation. (2) Any person who knowingly and will…
La. Rev. Stat. § 39:1357 Fiscal Administrator Revolving Loan Fund
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§1357. Fiscal Administrator Revolving Loan Fund A. There is hereby established a revolving fund in the state treasury to be known as the "Fiscal Administrator and Receiver Revolving Loan Fund", hereinafter referred to as the "fund", which shall be maintained and operated by the D…
La. Rev. Stat. § 39:1358 Appointment of a limited jurisdiction fiscal administrator
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§1358. Appointment of a limited jurisdiction fiscal administrator A.(1) The legislative auditor, the attorney general, and the state treasurer, or his designee, shall meet to review the necessity for the appointment of a limited jurisdiction fiscal administrator for political sub…
La. Rev. Stat. § 39:1358.1 Duties of a limited jurisdiction fiscal administrator
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§1358.1. Duties of a limited jurisdiction fiscal administrator A.(1) The limited jurisdiction fiscal administrator shall have access to all papers, books, records, documents, films, tapes, and other forms of recordation of the political subdivision or, as related to the political…
La. Rev. Stat. § 39:1358.2 Adoption of budget amendments to address emergencies
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§1358.2. Adoption of budget amendments to address emergencies A. Within seven days after receipt of the initial report, the governing authority of the political subdivision shall adopt in an open meeting the comprehensive budget, or amendments to the original comprehensive budget…
La. Rev. Stat. § 39:1358.3 Termination of appointment of limited jurisdiction fiscal administrator
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§1358.3. Termination of appointment of limited jurisdiction fiscal administrator A. The limited jurisdiction fiscal administrator shall monitor revenues and expenditures of the political subdivision under the adopted budget and make supplemental reports which he considers necessa…
La. Rev. Stat. § 39:136 Board of Regents electronic notification process
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§136. Board of Regents electronic notification process A.(1) It is the intent of the legislature that, to the maximum extent possible, the executive branch of state government shall utilize the students and faculty of the state's public and private postsecondary institutions of h…
La. Rev. Stat. § 39:1361 Short title
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§1361. Short title This Chapter may be cited as the "Louisiana General Debt Policy Law and Procedures Act". Added by Acts 1968, Ex.Sess., No. 27, §1.
La. Rev. Stat. § 39:1362 Definitions
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§1362. Definitions As used in this Chapter, the following words, terms and phrases shall have the meanings ascribed to them in this Section, except where the context clearly indicates a different meaning: (1) "Bond" means all general obligation bonds or other instruments evidenci…
La. Rev. Stat. § 39:1363 Incorporation into bond acts
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§1363. Incorporation into bond acts Any bond act may adopt the provisions of this Chapter by reference to its title or legal citation, and such reference shall serve to incorporate the provisions of this Chapter into said act as though set out in full therein. Added by Acts 1968,…
La. Rev. Stat. § 39:1364 Authorization of bonds
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§1364. Authorization of bonds All debt involving the use of all or any part of the revenues imposed and collected by the state for repayment of such debt from the Bond Security and Redemption Fund shall be incurred in conformity with the constitution of Louisiana, Article VII, Se…
La. Rev. Stat. § 39:1364.1 Issuance of bonds secured by the full faith and credit of state by certain political subdivisions prohibited in certain situations
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§1364.1. Issuance of bonds secured by the full faith and credit of state by certain political subdivisions prohibited in certain situations Notwithstanding any other law to the contrary, no port commission and no port, harbor, or terminal district shall issue bonds or other evide…
La. Rev. Stat. § 39:1365 Provisions for bond acts
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§1365. Provisions for bond acts Each act authorizing the issuance and sale of general obligation bonds by the state or any of its agencies shall conform to the following provisions: (1) Each bond act shall be enacted in open session of the legislature by a two-thirds vote and sha…
La. Rev. Stat. § 39:1366 Duties of state treasurer
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§1366. Duties of state treasurer (1) The state treasurer shall arrange for notice and sale of bonds issued by the State Bond Commission. Notice of sale and advertisement shall be at least seven days in advance of the date of sale, in newspapers or financial journals published at …
La. Rev. Stat. § 39:1367 State debt; limitations
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§1367. State debt; limitations A. There is hereby established a limitation on the issuance of net state tax supported debt. The limit shall be established annually by the State Bond Commission as follows: (1) Beginning for Fiscal Year 1993-1994, net state tax supported debt shall…
La. Rev. Stat. § 39:137 Repealed by Acts 2003, No
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§137. Repealed by Acts 2003, No. 560, §5, eff. August 15, 2003 (Subsections F and G eff. June 27, 2003).
La. Rev. Stat. § 39:14 Exceptions
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§14. Exceptions The following shall not be subject to the provision of R.S. 39:11 and 12 but shall be subject to the provisions of R.S. 39:13: (1) Lands and waterbottoms leased by the State Mineral and Energy Board in accordance with the provisions of Subtitle I of Title 30 of th…
La. Rev. Stat. § 39:140 Office of telecommunications management; creation and authority
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§140. Office of telecommunications management; creation and authority There is hereby created, within the office of technology services, the office of telecommunications management, headed by the state director of the office of telecommunications management, under the supervision…
La. Rev. Stat. § 39:1401 State Bond Commission
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§1401. State Bond Commission A. There is hereby created the State Bond Commission, which shall be composed of the governor, the lieutenant governor, the president of the Senate, the speaker of the House of Representatives, the state treasurer, the secretary of state, the attorney…
La. Rev. Stat. § 39:1402 General obligation bonds
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§1402. General obligation bonds A. All general obligation bonds of the state of Louisiana issued pursuant to Article VII, Section 6 of the constitution of Louisiana shall be issued and sold by the State Bond Commission and shall be payable from the Bond Security and Redemption Fu…
La. Rev. Stat. § 39:1402.1 Repealed by Acts 1976, No
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§1402.1. Repealed by Acts 1976, No. 279, §2
La. Rev. Stat. § 39:1403 All other state bonds
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§1403. All other state bonds A. All other bonds, of whatever type, of the state of Louisiana and its boards, departments, commissions, authorities, and agencies (except the following which are excluded from the operation of this Chapter: municipalities, parishes, parish and munic…
La. Rev. Stat. § 39:1404 Duties of state treasurer
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§1404. Duties of state treasurer The state treasurer shall advise the State Bond Commission, the governor, the legislature and other public officials with respect to the issuance of bonds and all other related matters; and shall provide information to rating services, financial i…
La. Rev. Stat. § 39:1404.1 Designation and duties of secretary
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§1404.1. Designation and duties of secretary The director of the State Bond Commission, or such other officer as may be appointed by the state treasurer, shall serve as the secretary of the State Bond Commission. The secretary of the State Bond Commission shall have charge of the…
La. Rev. Stat. § 39:1405 General debt policy and procedures
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§1405. General debt policy and procedures A. The legislature shall enact laws establishing the general policy concerning the incurring of indebtedness by or on behalf of the state and its boards, departments, commissions, authorities, and agencies and establishing procedures for …
La. Rev. Stat. § 39:1405.1 Fees to defray expenses of the State Bond Commission
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§1405.1. Fees to defray expenses of the State Bond Commission A. The State Bond Commission, in order to defray the expenses incurred in all its operations and to pay any other expenses which may be necessary in connection therewith, including but not limited to the review of appl…
La. Rev. Stat. § 39:1405.2 Payments in lieu of ad valorem taxes for certain bonds
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§1405.2. Payments in lieu of ad valorem taxes for certain bonds The State Bond Commission shall not issue any bonds or approve the issuance of any tax exempt bonds of any public entity when the project beneficiary is an entity whose property would otherwise be subject to ad valor…
La. Rev. Stat. § 39:1405.3 Local governmental approval of industrial revenue bonds
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§1405.3. Local governmental approval of industrial revenue bonds A. Notwithstanding any provision of law to the contrary, the State Bond Commission shall not approve the issuance of industrial revenue bonds or other bonds, notes, certificates of indebtedness, or other debt instru…
La. Rev. Stat. § 39:1405.4 Costs of issuance and reporting requirements
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§1405.4. Costs of issuance and reporting requirements A. Bonds, notes, or other issuances of indebtedness of any issuer required by the constitution or laws of Louisiana to be sold or approved by the State Bond Commission shall not be sold or approved unless and until the estimat…
La. Rev. Stat. § 39:1406 Applicability of Chapter
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§1406. Applicability of Chapter This Chapter shall not be applicable to any bond issues in process prior to November 25, 1968, and the determination of such facts and findings so made by the state treasurer, as evidenced by a certificate to this effect, shall be conclusive, excep…
La. Rev. Stat. § 39:1407 Repealed by Acts 2010, No
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§1407. Repealed by Acts 2010, No. 743, §15B, eff. July 1, 2010.
La. Rev. Stat. § 39:1408 Transfer of functions from State Bond and Tax Board
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§1408. Transfer of functions from State Bond and Tax Board A. By authority of Section 32 of Article III of the Constitution of 1921, the powers, duties and functions of the State Bond and Tax Board as provided in R.S. 47:1801-1808 are hereby transferred to and vested in the State…
La. Rev. Stat. § 39:1409 Repealed by Acts 2010, No
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§1409. Repealed by Acts 2010, No. 743, §15B, eff. July 1, 2010.
La. Rev. Stat. § 39:141 Duties of the office of telecommunications management
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§141. Duties of the office of telecommunications management A. The office of telecommunications management shall have the following duties: (1) To establish and coordinate all telecommunications systems and telecommunications services affecting the management and operations of th…
La. Rev. Stat. § 39:1410 Transfer of certain functions of the State Bond Commission to the division of administration
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§1410. Transfer of certain functions of the State Bond Commission to the division of administration A. All the powers, duties, and functions transferred by the provisions of R.S. 39:1409(B) from the State Bond and Building Commission to the State Bond Commission, which relate to …
La. Rev. Stat. § 39:1410.1 Repealed by Acts 1989, No
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§1410.1. Repealed by Acts 1989, No. 836, §4, eff. July 1, 1989.
La. Rev. Stat. § 39:1410.2 Repealed by Acts 1989, No
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§1410.2. Repealed by Acts 1989, No. 836, §4, eff. July 1, 1989.
La. Rev. Stat. § 39:1410.3 Repealed by Acts 1989, No
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§1410.3. Repealed by Acts 1989, No. 836, §4, eff. July 1, 1989.
La. Rev. Stat. § 39:1410.31 Agreements providing for outlay of funds for capital improvement or expenditure; State Bond Commission approval required; penalties
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§1410.31. Agreements providing for outlay of funds for capital improvement or expenditure; State Bond Commission approval required; penalties A. No agreement, including, but not limited to agreements of lease, lease-purchase or third party financing, shall be entered into by, on …
La. Rev. Stat. § 39:1410.32 Certificate of "impossibility or impracticality"
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§1410.32. Certificate of "impossibility or impracticality" A. A project in the Capital Outlay Budget Act may be declared "impossible or impractical" by the State Bond Commission. A certificate showing reasons in sufficient detail shall be signed by the head of the Facility Planni…
La. Rev. Stat. § 39:1410.33 Notification to legislators
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§1410.33. Notification to legislators A. Whenever a certificate of impossibility and impracticality is filed with the Bond Commission and a hearing on that certificate is scheduled, the Bond Commission shall notify each member of the legislature within whose district the project …
La. Rev. Stat. § 39:1410.4 Repealed by Acts 1989, No
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§1410.4. Repealed by Acts 1989, No. 836, §4, eff. July 1, 1989.
La. Rev. Stat. § 39:1410.41 Legislative findings
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§1410.41. Legislative findings This legislature hereby finds that the state currently experiences and may hereafter experience fluctuations in revenues and expenditures and that, as a consequence thereof, temporary cash flow deficits could occur resulting in the temporary inabili…
La. Rev. Stat. § 39:1410.42 Definitions
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§1410.42. Definitions As used in this Part, unless the context otherwise requires: (1) "Commission" means the State Bond Commission of the state. (2) "Fund" means the state general fund. (3) "Note" means any note or other evidence of borrowing made under the authority of this Par…
La. Rev. Stat. § 39:1410.43 Authority to issue and sell notes
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§1410.43. Authority to issue and sell notes A.(1) Notwithstanding any law to the contrary, and provided that the budget status report required by R.S. 39:75 reflects the state general fund balance not in a deficit posture, the commission may issue and sell from time to time notes…
La. Rev. Stat. § 39:1410.44 Repealed by Acts 1988, 1st Ex
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§1410.44. Repealed by Acts 1988, 1st Ex. Sess., No. 14, §3, eff. Mar. 28, 1988.
La. Rev. Stat. § 39:1410.45 Form and terms of notes
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§1410.45. Form and terms of notes A.(1) Notes shall be issued in a form consistent with the provisions of this Part describing the fund and the revenue from which such notes are payable; however, in no event shall the notes be payable from any revenues other than those credited t…
La. Rev. Stat. § 39:1410.46 Execution of notes
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§1410.46. Execution of notes The notes shall be executed in such manner as may be provided by the resolution authorizing their issuance. Acts 1991, No. 827, §1.
La. Rev. Stat. § 39:1410.47 Manner of sale of notes
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§1410.47. Manner of sale of notes Notes may be sold at public sale on a competitive bid basis or at negotiated sale and may be sold at such price as determined by the commission. Acts 1991, No. 827, §1.
La. Rev. Stat. § 39:1410.48 Contest period
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§1410.48. Contest period A. Within thirty days after publication of the notice of intention to issue notes, any person in interest may contest the legality of the resolution, any provision of the notes to be issued pursuant to it, the provisions securing the notes, and the validi…