Title 39, Public Finance
0 chapters · 1,355 sections in this title.
La. Rev. Stat. § 39:1751 Application
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§1751. Application A. The provisions of this Part shall be applicable to any agency, as defined in R.S. 36:3(1), within the executive branch of state government with respect to the procurement of all telecommunications systems and telecommunications services. However, nothing pro…
La. Rev. Stat. § 39:1752 Definitions
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§1752. Definitions For the purposes of this Part, the following words and phrases shall be defined as follows: (1) "Agency" as used in this Part and in Part V of Chapter 1 of this Title shall have the same meaning ascribed to it as provided in R.S. 36:3(1). (2) "Competitive seale…
La. Rev. Stat. § 39:1753 Types of contracts permitted
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§1753. Types of contracts permitted A. The types of contracts permitted in the procurement of telecommunications systems and telecommunications services are defined in this Part, and the provisions of this Part supplement the provisions of R.S. 39:1551 through 1736. B. The office…
La. Rev. Stat. § 39:1753.1 Procurement of telecommunications or video surveillance equipment or services
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§1753.1. Procurement of telecommunications or video surveillance equipment or services by state agencies and certain educational entities A. Definitions. For the purposes of this Section, the words defined in this Subsection shall have the meanings set forth below: (1) "Agency" m…
La. Rev. Stat. § 39:1754 Methods of procurement
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§1754. Methods of procurement A. The office of telecommunications management, through the state purchasing office, may procure telecommunications systems and telecommunications services by a request for proposals to conform with the following requirements: (1) Public notice of th…
La. Rev. Stat. § 39:1755 General provisions
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§1755. General provisions The following general provisions shall apply to all procurements under this Part: (1) No contracts entered into shall have an initial effective date earlier than the date on which such contract receives approval as required by this Part. (2) All changes,…
La. Rev. Stat. § 39:1758 Repealed by Acts 2011, No
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§1758. Repealed by Acts 2011, No. 343, §5.
La. Rev. Stat. § 39:1761 Short title
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§1761. Short title This Chapter shall be known and may be cited as the State Lease-Purchase Act. Acts 1985, No. 758, §2, eff. July 17, 1985. {{NOTE: SEE ACTS 1985, NO. 758, §§3, 5 AND 6.}}
La. Rev. Stat. § 39:1762 Legislative findings and intent
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§1762. Legislative findings and intent The intent of the legislature in enacting this Chapter is to provide a cost effective means of acquiring essential equipment for the operation of state government. Commercial leases or renting agreements as well as lump sum purchases of equi…
La. Rev. Stat. § 39:1763 Definitions
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§1763. Definitions As used in this Chapter, the words defined in this Section shall have the meanings set forth below, unless the context in which they are used clearly requires a different meaning or a different definition is prescribed for a particular provision: (1) "Annual ap…
La. Rev. Stat. § 39:1764 Equipment-lease-purchase contracts with nonprofit lessors authorized; term
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§1764. Equipment-lease-purchase contracts with nonprofit lessors authorized; term The state through the Division of Administration may enter into equipment-lease-purchase contracts directly with nonprofit lessors, as provided in this Chapter, for a term not to exceed ten years or…
La. Rev. Stat. § 39:1765 Procurement of equipment; general law applicable
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§1765. Procurement of equipment; general law applicable A. No equipment may be leased under a lease-purchase contract under the terms of this Chapter unless such equipment, the estimated price, the estimated economic useful life, and the selected vendor thereof is identified by t…
La. Rev. Stat. § 39:1766 Selection of nonprofit lessor; award of lease
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§1766. Selection of nonprofit lessor; award of lease A lease-purchase contract with a nonprofit lessor for one or more pieces of selected equipment may be executed between the state and a nonprofit lessor by competitive negotiation, provided that a notice stating the estimated pr…
La. Rev. Stat. § 39:1767 Appropriation dependency
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§1767. Appropriation dependency All lease-purchase contracts entered into pursuant to this Chapter shall contain an annual appropriation dependency requirement to the effect that renewal and continuation of such contract is contingent upon the appropriation of funds to fulfill th…
La. Rev. Stat. § 39:1768 Purchase option
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§1768. Purchase option All equipment lease purchase contracts shall provide that the lessee shall have the right to purchase any piece of selected equipment at the termination of payments for such piece of equipment as set forth in the lease-purchase contract for a sum not to exc…
La. Rev. Stat. § 39:1769 Lease status
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§1769. Lease status Any equipment-lease-purchase contract entered into pursuant to this Chapter, shall be treated as a lease for all legal purposes without regard to the rights and obligations of the lessee at lease termination or any interest payment factor, and without necessit…
La. Rev. Stat. § 39:1770 Equipment warranty; pursuit of actions
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§1770. Equipment warranty; pursuit of actions All equipment-lease-purchase contracts shall provide that whatever interests, claims, and rights including warranties of the selected equipment which the nonprofit lessor may have against the selected vendor of the selected equipment …
La. Rev. Stat. § 39:1771 Approval by the legislature, State Bond Commission; rules and regulations by the Division of Administration
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§1771. Approval by the legislature, State Bond Commission; rules and regulations by the Division of Administration A. No equipment-lease-purchase contract may be effected under the provisions of this Chapter unless the prior written approval of the form of the lease is obtained f…
La. Rev. Stat. § 39:1780 Definitions
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§1780. Definitions As used in this Chapter, the following words and terms shall have the following meanings, unless the context clearly indicates or requires another or different meaning or intent: (1) "Act" means this Correctional Facilities Corporation Act. (2) "Annual appropri…
La. Rev. Stat. § 39:1781 Construction of Chapter; supplemental and additional nature
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§1781. Construction of Chapter; supplemental and additional nature This Chapter shall be deemed to provide a complete, additional, and alternative method for doing the things authorized hereby and shall be regarded as supplemental and additional to powers conferred by other laws.…
La. Rev. Stat. § 39:1782 Construction of Chapter; controlling law
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§1782. Construction of Chapter; controlling law To the extent that the provisions of this Chapter are inconsistent with any other provisions of any general statute or special act or parts thereof, the provisions of this Chapter shall be deemed controlling. Acts 1985, No. 893, §1,…
La. Rev. Stat. § 39:1783 Formation of corporation
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§1783. Formation of corporation There is hereby authorized the formation and incorporation of a nonprofit corporation, the purpose of which shall be the financing and acquisition of correctional facilities for lease to the state of Louisiana. Acts 1985, No. 893, §1, eff. July 23,…
La. Rev. Stat. § 39:1784 Membership of board of directors; vacancies; compensation; expenses
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§1784. Membership of board of directors; vacancies; compensation; expenses A. The governor shall appoint five persons to serve as the directors and members of this corporation. B. Members of the board of directors shall serve without compensation, but the corporation may reimburs…
La. Rev. Stat. § 39:1785 Applicable laws to corporation
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§1785. Applicable laws to corporation A. The corporation shall be subject to the Public Records Law, Public Meeting Law, Code of Ethics, and the Bond Validation Procedures Law. B. Further, any procurement made by said corporation must be made in accordance with the applicable pro…
La. Rev. Stat. § 39:1786 Powers
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§1786. Powers A. In addition to the powers granted it by the General Nonprofit Corporation Law, Title 12 of the Louisiana Revised Statutes, the corporation shall have power to undertake any project, to provide for the financing thereof, and in connection therewith: (1) To receive…
La. Rev. Stat. § 39:1787 Bonds
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§1787. Bonds A. The corporation is authorized, from time to time, to issue its bonds in order to provide for achieving any of its purposes under this Chapter. B. Except as may otherwise be expressly provided by the corporation, each of its bonds shall be payable from any revenues…
La. Rev. Stat. § 39:1788 Bonds; security; trust agreement; indenture
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§1788. Bonds; security; trust agreement; indenture In the discretion of the corporation, any bonds issued by it may be secured by a trust agreement or indenture by and between the corporation and a corporate trustee, which may be any trust company or bank having the powers of a t…
La. Rev. Stat. § 39:1789 Bonds and certificates; payment; no liability of state or political subdivision
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§1789. Bonds and certificates; payment; no liability of state or political subdivision Neither bonds nor certificates shall be deemed to constitute a debt or liability of the state of Louisiana or of any political subdivision thereof or a pledge of the faith and credit of the sta…
La. Rev. Stat. § 39:1790 Refunding bonds
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§1790. Refunding bonds The corporation may provide for the issuance of its bonds for the purpose of refunding any bonds or any series of bonds then outstanding, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption…
La. Rev. Stat. § 39:1791 Bonds and certificates as legal investments
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§1791. Bonds and certificates as legal investments Bonds and certificates are hereby made securities in which all banks, bankers, savings banks, trust companies, and other persons carrying on a banking business, all insurance companies, insurance associations, and other persons c…
La. Rev. Stat. § 39:1792 Bonds and certificates; freedom from taxation
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§1792. Bonds and certificates; freedom from taxation Any bonds and certificates, their transfer, and the income therefrom shall at all times be free from taxation of every kind by the state of Louisiana and by all political subdivisions in the state of Louisiana. Acts 1985, No. 8…
La. Rev. Stat. § 39:1793 Bonds; maximum amount outstanding
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§1793. Bonds; maximum amount outstanding The total amount of bonds which may be outstanding at any one time under this Chapter shall not exceed three hundred million dollars. Bonds for which money or securities in amounts necessary to pay or redeem the principal, interest, and an…
La. Rev. Stat. § 39:1794 Excess earnings
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§1794. Excess earnings Any net earnings of the corporation beyond that necessary for retirement of any bonds issued by the corporation or to implement the purposes of this Chapter shall inure to the benefit only of the state of Louisiana. Acts 1985, No. 893, §1, eff. July 23, 198…
La. Rev. Stat. § 39:1795 Dissolution of corporation; title to property to vest in successor
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§1795. Dissolution of corporation; title to property to vest in successor Upon dissolution of the corporation, title to all property owned by the corporation shall vest in the successor corporation created by the legislature, if any, if such successor corporation qualifies under …
La. Rev. Stat. § 39:1796 Lease-purchase contracts for state buildings
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§1796. Lease-purchase contracts for state buildings A. The state of Louisiana, through the division of administration, is hereby authorized to enter into lease-purchase contracts for the acquisition of public facilities with the Louisiana Office Building Corporation, a quasi-publ…
La. Rev. Stat. § 39:1797 Sale, sale-back, lease or sublease transactions by the state
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§1797. Sale, sale-back, lease or sublease transactions by the state A. The state of Louisiana, through the division of administration, is hereby authorized to finance the construction, improvement, or expansion of public facilities by entering into a sale, sale-back, sale lease-b…
La. Rev. Stat. § 39:1797.1 Limitations of actions against the corporation
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§1797.1. Limitations of actions against the corporation A. In any action for damages for an offense or quasi offense against the corporation, its officers, or employees, the corporation, its officers, or employees are entitled to assert any defense or limitation available to the …
La. Rev. Stat. § 39:1798 Definitions
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§1798. Definitions As used in this Chapter, the following words and terms shall have the following meanings, unless the context clearly indicates or requires another or different meaning or intent: (1) "Act" means this Office Facilities Corporation Act. (2) "Bonds" means bonds, n…
La. Rev. Stat. § 39:1798.1 Construction of Chapter; supplemental and additional nature
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§1798.1. Construction of Chapter; supplemental and additional nature This Chapter shall be deemed to provide a complete, additional, and alternative method for doing the things authorized hereby and shall be regarded as supplemental and additional to powers conferred by other law…
La. Rev. Stat. § 39:1798.10 Refunding bonds
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§1798.10. Refunding bonds The corporation may provide for the issuance of its bonds for the purpose of refunding any bonds or any series of bonds then outstanding, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redempt…
La. Rev. Stat. § 39:1798.11 Bonds and certificates as legal investments
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§1798.11. Bonds and certificates as legal investments Bonds and certificates are hereby made securities in which all banks, bankers, savings banks, trust companies, and other persons carrying on a banking business, all insurance companies, insurance associations, and other person…
La. Rev. Stat. § 39:1798.12 Bonds and certificates; freedom from taxation
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§1798.12. Bonds and certificates; freedom from taxation Any bonds and certificates, their transfer, and the income therefrom shall at all times be free from taxation of every kind by the state of Louisiana and by all political subdivisions in the state of Louisiana. Acts 1989, No…
La. Rev. Stat. § 39:1798.13 Excess earnings
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§1798.13. Excess earnings Any net earnings of the corporation beyond that necessary for retirement of any bonds issued by the corporation or to implement the purposes of this Chapter shall inure to the benefit only of the state of Louisiana. Acts 1989, No. 805, §1, eff. July 8, 1…
La. Rev. Stat. § 39:1798.14 Dissolution of corporation; title to the property to vest in successor
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§1798.14. Dissolution of corporation; title to the property to vest in successor Upon dissolution of the corporation, title to all property owned by the corporation shall vest in the successor corporation created by the legislature, if any, if such successor corporation qualifies…
La. Rev. Stat. § 39:1798.2 Construction of Chapter; controlling law
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§1798.2. Construction of Chapter; controlling law To the extent that the provisions of this Chapter are inconsistent with the provisions of R.S. 12:202.1 or any other provisions of any general statute or special Act or parts thereof, the provisions of this Chapter shall be deemed…
La. Rev. Stat. § 39:1798.3 Functions of corporation
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§1798.3. Functions of corporation There is hereby authorized the formation and incorporation of a nonprofit corporation, the purpose of which shall be the financing and acquisition, purchase, construction, renovation, improvement, or expansion of public facilities for lease to th…
La. Rev. Stat. § 39:1798.4 Membership of board of directors; vacancies; compensation; expenses
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§1798.4. Membership of board of directors; vacancies; compensation; expenses A. The governor shall appoint five persons to serve as the directors and members of this corporation, with one member appointed from a list of three persons nominated by the president of the Senate and w…
La. Rev. Stat. § 39:1798.5 Applicable laws to corporation
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§1798.5. Applicable laws to corporation A. The corporation shall be subject to the Public Records Law, the Open Meetings Law, the Bond Validation Procedures Law, and the Code of Governmental Ethics. The corporation shall follow all provisions of R.S. 38:2211 et seq. when utilized…
La. Rev. Stat. § 39:1798.6 Powers
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§1798.6. Powers A. In addition to the powers granted it by the General Nonprofit Corporation Law, Title 12 of the Louisiana Revised Statutes of 1950, the corporation shall have power to undertake any project, to provide for the financing thereof, and in connection therewith: (1) …
La. Rev. Stat. § 39:1798.7 Bonds
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§1798.7. Bonds A. The corporation is authorized, from time to time, to issue its bonds in order to provide for achieving any of its purposes under this Chapter. B. Except as may otherwise be expressly provided by this corporation, each of its bonds shall be payable from any reven…