Title 39, Public Finance
0 chapters · 1,355 sections in this title.
La. Rev. Stat. § 39:1410.49 Investment of proceeds; income therefrom
0.4K chars
§1410.49. Investment of proceeds; income therefrom The state treasurer is authorized to invest and reinvest the proceeds of the notes in any securities which are legal investments for the state general fund. The income from any such investment shall be credited to the state gener…
La. Rev. Stat. § 39:1410.5 Repealed by Acts 1989, No
0.1K chars
§1410.5. Repealed by Acts 1989, No. 836, §4, eff. July 1, 1989.
La. Rev. Stat. § 39:1410.50 No full faith and credit debt created
1.2K chars
§1410.50. No full faith and credit debt created Notes shall be payable solely from the revenues pledged thereto, and the registered owners or holders of the notes may not look to any other source for repayment of the principal of or interest on the notes. In every case, the reven…
La. Rev. Stat. § 39:1410.51 Notes as legal investment and eligible collateral
0.3K chars
§1410.51. Notes as legal investment and eligible collateral Notwithstanding the provisions of any other statute to the contrary, notes shall be legal investments for any political subdivision or public body of the state and shall be eligible for use as collateral for deposits of …
La. Rev. Stat. § 39:1410.52 Exemption from taxes
0.3K chars
§1410.52. Exemption from taxes All notes authorized to be issued pursuant to the provisions of this Part, together with interest thereon, income therefrom, and gain upon the sale thereof, shall be exempt from state and local taxes. Acts 1991, No. 827, §1.
La. Rev. Stat. § 39:1410.53 Construction with other statutes
0.4K chars
§1410.53. Construction with other statutes The powers conferred by this Part constitute an additional and separate grant of powers for the issuance and payment of the notes and all other acts in connection therewith authorized by this Part. If there is any inconsistency between t…
La. Rev. Stat. § 39:1410.6 Repealed by Acts 1989, No
0.1K chars
§1410.6. Repealed by Acts 1989, No. 836, §4, eff. July 1, 1989.
La. Rev. Stat. § 39:1410.60 Approval of application; incurring indebtedness
2.5K chars
§1410.60. Approval of application; incurring indebtedness A. No parish, municipality, public board, political or public corporation, subdivision, or taxing district, and no road or subroad district, school district, sewerage district, drainage or subdrainage district, levee distr…
La. Rev. Stat. § 39:1410.61 Approval of application; special fiscal elections
0.6K chars
§1410.61. Approval of application; special fiscal elections Before incurring any debt, holding any election to authorize the incurring of any debt or the levy of any special tax, borrowing any money for any purpose whatever, issuing any bonds or other evidences whatever of debt, …
La. Rev. Stat. § 39:1410.62 Delinquent payments or fund transfers on outstanding indebtedness; notification to commission
0.8K chars
§1410.62. Delinquent payments or fund transfers on outstanding indebtedness; notification to commission All parishes, municipalities, and any other unit of local government, including but not limited to school boards and special districts, authorized by law to perform governmenta…
La. Rev. Stat. § 39:1410.63 Penalties for violation
1.3K chars
§1410.63. Penalties for violation A. Any contract, debt, obligation, bond, or other evidence of indebtedness whatsoever, incurred or issued in violation of this Part, and without the consent and approval of the commission shall be null and void, and no court of this state shall h…
La. Rev. Stat. § 39:1410.64 Approval of petitions in bankruptcy court
0.5K chars
§1410.64. Approval of petitions in bankruptcy court No petition in relation to the readjustment of the debts of any agency of the state of Louisiana included in the provisions of R.S. 39:1410.60 shall be received or filed in the courts of bankruptcy of the United States unless ac…
La. Rev. Stat. § 39:1410.65 Applications of provisions
0.6K chars
§1410.65. Applications of provisions The provisions of this Part shall extend and apply to any debt incurred or bond or other evidence of debt issued by any such governmental agency named in R.S. 39:1410.60, although the same has been authorized by an election of the qualified el…
La. Rev. Stat. § 39:1410.66 Filing of bond transcripts
1.0K chars
§1410.66. Filing of bond transcripts A. Within six months of the closing of a bond issue or other evidence of debt by a political subdivision, the bond counsel shall transmit the bond transcript to the political subdivision. A copy of the transmittal letter shall also be filed wi…
La. Rev. Stat. § 39:1410.7 Repealed by Acts 1989, No
0.1K chars
§1410.7. Repealed by Acts 1989, No. 836, §4, eff. July 1, 1989.
La. Rev. Stat. § 39:1410.8 Repealed by Acts 1989, No
0.1K chars
§1410.8. Repealed by Acts 1989, No. 836, §4, eff. July 1, 1989.
La. Rev. Stat. § 39:1410.9 Repealed by Acts 1989, No
0.1K chars
§1410.9. Repealed by Acts 1989, No. 836, §4, eff. July 1, 1989.
La. Rev. Stat. § 39:1411 No state assistance for discriminatory programs
0.4K chars
§1411. No state assistance for discriminatory programs No person in the State of Louisiana shall, on the ground of race, color, religion, or national origin, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any program or activ…
La. Rev. Stat. § 39:1412 Effectuation of R.S
1.1K chars
§1412. Effectuation of R.S. 39:1411 Each department, commission, board, institution, agency and political subdivision of the state and the officers thereof which are empowered to extend financial assistance to any program or activity, by way of grant, loan, or contract other than…
La. Rev. Stat. § 39:142 Duties of state agencies
0.5K chars
§142. Duties of state agencies State agencies shall be responsible for submitting data for planning purposes, upon request by the office of telecommunications management. State agencies shall be responsible for establishing and exercising cost control measures regarding usage of …
La. Rev. Stat. § 39:1421 Definitions
2.4K chars
§1421. Definitions As used in this Chapter, the following words and terms shall have the meaning hereinafter ascribed to each: (1) "Securities" means bonds, notes, certificates or other written obligations for the repayment of borrowed money, including obligations to refund any o…
La. Rev. Stat. § 39:1422 Legislative intent
0.4K chars
§1422. Legislative intent It is the intent of the Legislature in enacting this law to establish uniform provisions relating to maximum interest rates and advertising for bids for public sale of securities of public entities so as to assist public entities in marketing their secur…
La. Rev. Stat. § 39:1423 Application of provisions
0.5K chars
§1423. Application of provisions The provisions of this Chapter, relating to maximum interest rates and advertising for bids shall supersede: (1) those provisions of the Louisiana Constitution of 1921 continued as statutes under the authority of Article XIV of the Louisiana Const…
La. Rev. Stat. § 39:1424 Maximum interest rates for securities
1.0K chars
§1424. Maximum interest rates for securities Notwithstanding any maximum interest rate limitation which may be set forth in any other law, the following shall constitute the maximum interest rates for securities issued by public entities: (1) Notwithstanding any other law to the …
La. Rev. Stat. § 39:1424.1 Variable, adjustable, noninterest bearing, or zero interest rate securities
1.8K chars
§1424.1. Variable, adjustable, noninterest bearing, or zero interest rate securities A. Notwithstanding any other provision of law to the contrary, public entities are hereby authorized to issue, in addition to fixed interest rate securities, variable interest rate securities or …
La. Rev. Stat. § 39:1425 Maximum interest rates for securities previously authorized at an election
0.5K chars
§1425. Maximum interest rates for securities previously authorized at an election Any bonds heretofore authorized at an election at which the proposition approved by the electors specified a maximum interest rate higher than the maximum interest rate permitted by laws in effect a…
La. Rev. Stat. § 39:1426 Advertising for public sale of securities; private sale of securities
3.8K chars
§1426. Advertising for public sale of securities; private sale of securities A. Notwithstanding any other requirement of law to the contrary, in every case where securities of public entities are required by law to be sold at public sale upon sealed bids after advertisement, the …
La. Rev. Stat. § 39:1427 Form in which securities may be issued
0.5K chars
§1427. Form in which securities may be issued Notwithstanding any other law to the contrary, securities may be issued in any one or more of the following forms: (a) payable to bearer with coupons attached for the payment of interest, subject to registration as to principal only o…
La. Rev. Stat. § 39:1428 Price at which securities may be sold
0.9K chars
§1428. Price at which securities may be sold A. It is the intent of the legislature to make uniform those portions of existing laws relating to the price at which securities may be sold, it being recognized by the legislature that there are differences in the prices at which secu…
La. Rev. Stat. § 39:1429 Credit enhancement, purchase and payment; authorization
0.9K chars
§1429. Credit enhancement, purchase and payment; authorization A. It is the intent of the legislature to facilitate the use of credit enhancement devices in connection with the sale of securities only in those instances where it can be financially advantageous to public entities …
La. Rev. Stat. § 39:143 Definitions
0.8K chars
§143. Definitions The following words and phrases shall be defined as follows: (1) "Agency" for the purposes of this Part and Part V of Chapter 17 of this Title has the same meaning as ascribed to it in R.S. 36:3(1). (2) "Telecommunications transmission facility" means any transm…
La. Rev. Stat. § 39:1430 Revenue bonds and security therefor
1.8K chars
§1430. Revenue bonds and security therefor A. Notwithstanding any provision of law to the contrary, public entities may issue revenue bonds for any authorized purpose payable out of the income, revenues, and receipts derived or to be derived from the properties and facilities own…
La. Rev. Stat. § 39:1430.1 Security interests by public entities
1.6K chars
§1430.1. Security interests by public entities Any pledge of and grant of security interest in taxes, income, revenues, monies, loan payments, reimbursement payments, or receipts, including without limitation water, gas, garbage, electricity or sewer charges, fees, receipts, rate…
La. Rev. Stat. § 39:1431 Definitions
2.3K chars
§1431. Definitions As used in this Chapter, the following terms shall have the meanings ascribed to each: (1) "Fully registered form" means securities which are registered as to the ownership of both the principal, interest, and premium, if any, thereon in any one or more of the …
La. Rev. Stat. § 39:1432 Legislative intent
0.5K chars
§1432. Legislative intent The intent of the Legislature in enacting this Chapter is to establish uniform provisions for the issuance, execution, registration, and transfer of securities of public entities in fully registered form, and to permit such public entities to use the mos…
La. Rev. Stat. § 39:1433 Application of provisions
0.3K chars
§1433. Application of provisions The provisions of this Chapter shall supersede all other laws of the state of Louisiana relating to the issuance, execution, registration, transfer, and payment of securities of public entities in fully registered form. Added by Acts 1983, 1st Ex.…
La. Rev. Stat. § 39:1434 Issuance, execution, and transfer of fully registered securities
1.5K chars
§1434. Issuance, execution, and transfer of fully registered securities A. Notwithstanding any other laws to the contrary, public entities may issue securities in fully registered form and provide for their execution, registration, and transfer in accordance with the terms and co…
La. Rev. Stat. § 39:1435 Contractual services; exemption; payment
1.6K chars
§1435. Contractual services; exemption; payment A. Public entities may contract for the services of a financial institution or other person, located in or out of the state, to perform any or all of the following functions with respect to an issue of fully registered securities an…
La. Rev. Stat. § 39:1436 Pledge and assignment of registered securities
0.3K chars
§1436. Pledge and assignment of registered securities Any form provided for in this Chapter to fully register securities may include a method of registering pledges or assignments of the securities, and such registration shall effect delivery and notification of the pledged or as…
La. Rev. Stat. § 39:1437 Registration requirements
0.8K chars
§1437. Registration requirements Notwithstanding any other law to the contrary, securities in fully registered form, other than general obligation and sales tax bonds, need not be registered with any state, parish, or local department, agency, or official. General obligation and …
La. Rev. Stat. § 39:1438 Issuers of securities; continuing disclosure requirements; audit requirements
3.4K chars
§1438. Issuers of securities; continuing disclosure requirements; audit requirements A. Definitions. For purposes of this Section: (1) "Auditor" means the legislative auditor or any private accounting firm which prepares the annual financial audit of a public entity under rules o…
La. Rev. Stat. § 39:1441 Definitions
1.2K chars
§1441. Definitions As used in this Chapter, the following terms shall have the following meanings: A. "Securities" means bonds, notes, certificates, or other written obligations for the repayment of borrowed money, including obligations to refund any of them. B. "Public entities"…
La. Rev. Stat. § 39:1442 Defeasance of securities of a public entity
2.5K chars
§1442. Defeasance of securities of a public entity A. Securities of a public entity shall be defeased and shall be deemed to be paid and shall no longer be considered to be outstanding under the instrument providing for their issuance, and the covenants, agreements, and obligatio…
La. Rev. Stat. § 39:1443 Effect of defeasance
0.5K chars
§1443. Effect of defeasance Securities of the public entity which have been defeased as provided in R.S. 39:1442 shall no longer be considered as outstanding in computing any constitutional or statutory debt limitation with respect to the issuance of securities by such entity, an…
La. Rev. Stat. § 39:1444 Definitions
2.4K chars
§1444. Definitions As used in this Chapter, the following terms shall have the following meanings: (1) "Credit enhancement device" means a letter of credit, bank guarantee, municipal bond insurance, surety bond, or any other device designed to improve the credit quality and marke…
La. Rev. Stat. § 39:1445 Authorization of refunding bonds
0.6K chars
§1445. Authorization of refunding bonds Subject to the approval of the State Bond Commission and without reference to any other provisions of the laws of Louisiana and in addition to any other authority therefor, any public entity is hereby authorized to issue refunding bonds for…
La. Rev. Stat. § 39:1446 Manner of issuance of refunding bonds
0.8K chars
§1446. Manner of issuance of refunding bonds A. The refunding bonds shall be issued pursuant to a resolution or an ordinance adopted by the governing body of the issuer, which resolution or ordinance shall fix all details of the refunding bonds, including their form, terms, repay…
La. Rev. Stat. § 39:1447 Security for refunding bonds
1.0K chars
§1447. Security for refunding bonds A. The refunding bonds issued to refund outstanding revenue bonds or limited tax bonds may be secured in the same manner as the securities being refunded or may be secured in such other manner as may be prescribed by the governing body of the i…
La. Rev. Stat. § 39:1448 Additional security
0.5K chars
§1448. Additional security Refunding bonds issued under this Chapter may be secured additionally by credit enhancement devices, the cost of which, upon a finding of benefit therefrom by the governing body of the issuer, may be paid from the proceeds of the refunding bonds or othe…
La. Rev. Stat. § 39:1449 Sale of refunding bonds
0.3K chars
§1449. Sale of refunding bonds Refunding bonds may be sold at either public or negotiated sale for such price as may be determined by the governing body of the issuer and approved by the State Bond Commission. Acts 1984, No. 352, §1, eff. July 2, 1984.