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0 chapters · 1,010 sections in this title.
La. Rev. Stat. § 39:87.6 Gainsharing Program
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§87.6. Gainsharing Program A. The program. There is hereby established the "Gainsharing Program" whereby state agencies are encouraged to implement gainsharing plans for achievement of efficiencies in their operations which yield monetary savings while at the same time maintainin…
La. Rev. Stat. § 39:87.7 Evidence-based budget process
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§87.7. Evidence-based budget process A. Legislative staff and any other staff of agencies of the state that may be necessary and applicable shall develop guidelines to incorporate the provisions of this Section to establish a pilot evidence-based budget proposal process for adult…
La. Rev. Stat. § 39:871 Municipal and parochial corporations and state subdivisions; authority to borrow money
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§871. Municipal and parochial corporations and state subdivisions; authority to borrow money Municipalities and parishes, public boards, districts and other political corporations and subdivisions of the state, when authorized to do so by the laws or the constitution of the state…
La. Rev. Stat. § 39:88.1 Short title; legislative intent
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§88.1. Short title; legislative intent A. This Subpart may be cited as the "Louisiana Collection Policy and Procedure Act". B. It is the intent of the legislature that a comprehensive collection policy and procedure for collection of obligations due to the state be established fo…
La. Rev. Stat. § 39:88.2 Collection policy and procedure
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§88.2. Collection policy and procedure A. The commissioner of administration shall prescribe and cause to be implemented a comprehensive collection policy and procedure to be used in all state agencies. B. The commissioner shall direct the Cash Management Review Board as defined …
La. Rev. Stat. § 39:88.3 Collection by sale or securitization; direction to the commissioner
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§88.3. Collection by sale or securitization; direction to the commissioner A. The term "collection" as used in this Subpart shall include the sale or securitization of long-term delinquent accounts receivable and all other obligations subject to the provisions of this Subpart. B.…
La. Rev. Stat. § 39:88.4 State agencies; compliance
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§88.4. State agencies; compliance Each state agency shall comply with the provisions of the collection policy and procedure manual and is authorized to establish and maintain internal controls not inconsistent with the provisions included in the manual. Acts 2001, No. 904, §1, ef…
La. Rev. Stat. § 39:88.5 Cash Management Review Board; oversight
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§88.5. Cash Management Review Board; oversight The Cash Management Review Board under the supervision of the commissioner of administration shall oversee the development and implementation of the collection policies and procedures manual in each state agency and is authorized to …
La. Rev. Stat. § 39:89.1 Short title
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§89.1. Short title This Subpart shall be known as the "Transparent Responsible Use of State Tax-dollars Act" or "T.R.U.S.T. Act". Acts 2025, No. 467, §1, eff. June 30, 2025.
La. Rev. Stat. § 39:89.2 Legislative intent
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§89.2. Legislative intent A. The legislature hereby finds that nongovernmental entities play a vital role in strengthening communities and addressing critical needs and acknowledges the positive impact of entities that operate with integrity, transparency, and a genuine commitmen…
La. Rev. Stat. § 39:89.3 Nongovernmental entities; requirements; prohibitions
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§89.3. Nongovernmental entities; requirements; prohibitions A.(1) Each nongovernmental entity that receives a legislative appropriation or an appropriation as part of a departmental or agency budget, including any federal funding sources, shall submit to the state agency distribu…
La. Rev. Stat. § 39:89.4 Nongovernmental entity database requirements
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§89.4. Nongovernmental entity database requirements A.(1) The head of each state agency distributing or awarding appropriated funds to a nongovernmental entity shall ensure compliance with the nongovernmental entity database requirements as provided in R.S. 39:16.15. (2) Informat…
La. Rev. Stat. § 39:91 Deepwater Horizon Economic Damages Collection Fund
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§91. Deepwater Horizon Economic Damages Collection Fund A.(1) There shall be established in the state treasury as a special permanent trust fund named the Deepwater Horizon Economic Damages Collection Fund. After allocation of money to the Bond Security and Redemption Fund as pro…
La. Rev. Stat. § 39:94 Budget Stabilization Fund
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§94. Budget Stabilization Fund A. There is hereby created in the state treasury a special fund to be designated as the Budget Stabilization Fund, hereafter referred to in this Section as the "fund", which shall consist of all money deposited into the fund in accordance with Artic…
La. Rev. Stat. § 39:95 Annual determination of Budget Stabilization Fund balance
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§95. Annual determination of Budget Stabilization Fund balance A. The state treasurer shall report the balance of the Budget Stabilization Fund as of July first of each fiscal year to the Revenue Estimating Conference at its meeting held in accordance with R.S. 39:26(A)(4). B. Th…
La. Rev. Stat. § 39:97 Mineral Revenue Audit and Settlement Fund
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§97. Mineral Revenue Audit and Settlement Fund A.(1) There shall be established in the state treasury the "Mineral Revenue Audit and Settlement Fund", hereinafter referred to as the "fund". Of revenues received in each fiscal year by the state through settlements or judgments whi…
La. Rev. Stat. § 39:97.1 Short title
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§97.1. Short title This Subpart shall be known and may be cited as the "Louisiana Asbestos Detection and Abatement Act". Acts 1998, 1st Ex. Sess., No. 140, §1, eff. May 5, 1998.
La. Rev. Stat. § 39:97.2 Declaration of purpose
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§97.2. Declaration of purpose The purpose of this Subpart is to create a fund to provide a mechanism by which the presence of friable asbestos-containing materials in state buildings in this state can be detected, analyzed, controlled, managed, maintained, and abated, if necessar…
La. Rev. Stat. § 39:97.3 Louisiana Asbestos Detection and Abatement Fund
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§97.3. Louisiana Asbestos Detection and Abatement Fund A. There is hereby created in the state treasury a special fund to be known as the Louisiana Asbestos Detection and Abatement Fund, hereinafter referred to as the "asbestos fund". B. After compliance with the requirements of …
La. Rev. Stat. § 39:97.4 Legal counsel; attorney general
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§97.4. Legal counsel; attorney general A. Notwithstanding any other provision of law to the contrary, the attorney general shall: (1) Provide assistance in evaluating whether the state has sufficient grounds to initiate or prosecute a civil suit for all recoverable damages and ot…
La. Rev. Stat. § 39:97.5 Construction of Subpart
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§97.5. Construction of Subpart Nothing in this Subpart shall or shall be construed to create, extinguish, revive, transfer, or otherwise affect any existing or future claim or cause of action or any objections, exceptions, or defenses thereto. Acts 1998, 1st Ex. Sess., No. 140, §…
La. Rev. Stat. § 39:98.1 Creation of funds
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§98.1. Creation of funds A. There shall be established in the state treasury as a special permanent trust fund the Millennium Trust. After allocation of money to the Bond Security and Redemption Fund as provided in Article VII, Section 9(B) of the Constitution of Louisiana, the t…
La. Rev. Stat. § 39:98.2 Investment of Millennium Trust
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§98.2. Investment of Millennium Trust A. The treasurer is authorized and directed to invest monies in the Millennium Trust which are available for investment in the investments permitted for the Louisiana Education Quality Trust Fund, also known as the Kevin P. Reilly Sr. Louisia…
La. Rev. Stat. § 39:98.3 Appropriations from the Health Excellence Fund, the Education Excellence Fund,
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§98.3. Appropriations from the Health Excellence Fund, the Education Excellence Fund, and the TOPS Fund A.(1) Appropriations from the Education Excellence Fund shall be limited to an annual amount not to exceed the estimated aggregate annual earnings from interest, dividends, and…
La. Rev. Stat. § 39:98.4 Louisiana Fund
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§98.4. Louisiana Fund A. There shall be established in the state treasury as a special fund the Louisiana Fund, hereinafter the "Fund". After allocation of money to the Bond Security and Redemption Fund as provided in Article VII, Section 9(B) of the Constitution of Louisiana, th…
La. Rev. Stat. § 39:98.5 eff
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§98.5. eff. until July 1, 2026, or the day after the commissioner of administration and the legislative auditor report to the legislature that the transition is complete, whichever is earlier. See Acts 2023, No. 446. §98.5. Millennium Leverage Fund A. Millennium Leverage Fund. No…
La. Rev. Stat. § 39:98.6 Security to be furnished for appeal and other purposes; Master Settlement Agreement
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§98.6. Security to be furnished for appeal and other purposes; Master Settlement Agreement In order to secure and protect the monies to be received as a result of the Master Settlement Agreement, in civil litigation under any legal theory involving a signatory, or successor of a …
La. Rev. Stat. § 39:98.7 Tobacco Settlement Enforcement Fund
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§98.7. Tobacco Settlement Enforcement Fund A. The Tobacco Settlement Enforcement Fund, hereinafter referred to as the "fund", is hereby created in the state treasury. The fund shall consist of monies appropriated to the fund by the legislature, grants, donations, other monies whi…
La. Rev. Stat. § 39:99 Investment contracts; definitions; obligations of state treasurer; obligations of participating school boards; contractual requirements
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§99. Investment contracts; definitions; obligations of state treasurer; obligations of participating school boards; contractual requirements A. As used in this Section the following terms shall have the meanings provided in this Subsection unless the context clearly requires othe…
La. Rev. Stat. § 39:99.1 Title
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§99.1. Title This Subpart shall be known and may be cited as the "Tobacco Settlement Financing Corporation Act". Acts 2001, No. 1145, §1.
La. Rev. Stat. § 39:99.10 Bankruptcy
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§99.10. Bankruptcy Prior to the date that is one year and one day after which the corporation no longer has any bonds outstanding, the corporation is prohibited from filing and shall have no authority to file a voluntary petition under the federal bankruptcy code as it may, from …
La. Rev. Stat. § 39:99.11 Exclusive jurisdiction and venue; service of process; bond validation actions
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§99.11. Exclusive jurisdiction and venue; service of process; bond validation actions The Nineteenth Judicial District Court for the state of Louisiana shall have exclusive jurisdiction and venue of any suit or action of any nature brought by or against the corporation. Any suit …
La. Rev. Stat. § 39:99.12 Sale of tobacco assets
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§99.12. Sale of tobacco assets A.(1) Subject to the conditions and declarations set forth in Subsection B hereof, the State Bond Commission subject to approval of the Joint Legislative Committee on the Budget and subject to approval by a majority vote of the legislature if the le…
La. Rev. Stat. § 39:99.13 Ownership of tobacco assets and tobacco settlement payments
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§99.13. Ownership of tobacco assets and tobacco settlement payments On and after the effective date of each sale of tobacco assets, the state of Louisiana shall have no right, title or interest in or to the tobacco assets sold and conveyed; and the tobacco settlement payments sha…
La. Rev. Stat. § 39:99.14 Issuance of bonds of the corporation
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§99.14. Issuance of bonds of the corporation A. In order to provide current assets and funds for the Millennium Trust pursuant to this Subpart for the benefit of the state, the board is hereby authorized and empowered to provide by resolution, at one time or from time to time, fo…
La. Rev. Stat. § 39:99.15 Security for payment of bonds; provisions of trust indenture or resolution
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§99.15. Security for payment of bonds; provisions of trust indenture or resolution A. In the discretion of the board, any bonds issued, and any ancillary contracts or swaps made under the provisions of this Subpart, may be secured by a trust indenture by and between the corporati…
La. Rev. Stat. § 39:99.16 Ancillary contracts and swaps
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§99.16. Ancillary contracts and swaps A. The corporation may enter into, amend, or terminate, as it determines to be necessary or appropriate, any ancillary contracts (i) to facilitate the issuance, sale, resale, purchase, repurchase, or payments of bonds, including without limit…
La. Rev. Stat. § 39:99.17 Bonds exempt from taxation
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§99.17. Bonds exempt from taxation The bonds, their transfer and the income therefrom, including any profit made on the sale thereof, shall at all times be free and exempt from taxation by the state of Louisiana and by any other political subdivision of the state. Acts 2001, No. …
La. Rev. Stat. § 39:99.18 Bond and other proceeds received by the state
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§99.18. Bond and other proceeds received by the state All proceeds and monies received by the state, whether received as purchase price for the tobacco assets sold or as the residual interests or in any other way pursuant to this Subpart, shall be deposited in and credited to the…
La. Rev. Stat. § 39:99.19 Pledge and agreement
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§99.19. Pledge and agreement The state covenants and agrees with the corporation, and the holders of the bonds in which the corporation has included such pledge and agreement, that the state will (i) irrevocably direct the escrow agent and independent auditor under the master set…
La. Rev. Stat. § 39:99.2 Legislative findings and intent
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§99.2. Legislative findings and intent The major United States tobacco manufacturers and forty-six states (including the state of Louisiana) and other districts and territories of the United States have entered into a master settlement agreement that should result in Louisiana re…
La. Rev. Stat. § 39:99.20 Construction and effect
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§99.20. Construction and effect This Subpart and all powers granted hereby shall be liberally construed to effectuate its and their purposes, without implied limitations thereon. This Subpart shall constitute full and complete authority for all things herein contemplated to be do…
La. Rev. Stat. § 39:99.3 Definitions
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§99.3. Definitions As used in this Subpart: (1) "Agreement" means the agreement or agreements, as authorized under this Subpart, between the state of Louisiana, as the seller, and the corporation, as the purchaser, of the tobacco assets. The sale by the state of the tobacco asset…
La. Rev. Stat. § 39:99.4 Corporation created; domicile; fiscal year
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§99.4. Corporation created; domicile; fiscal year The Tobacco Settlement Financing Corporation is created as a special purpose, public corporate entity, an instrumentality independent of the state. The corporation shall be a public corporate body, intended, created and empowered …
La. Rev. Stat. § 39:99.5 Governing board; membership; terms; compensation and expenses; chairman and vice chairman; quorum; employees, agents; limitation of liability
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§99.5. Governing board; membership; terms; compensation and expenses; chairman and vice chairman; quorum; employees, agents; limitation of liability A. The board of the corporation shall exercise all powers, rights, and duties conferred by this Subpart or other provisions of law …
La. Rev. Stat. § 39:99.6 Purposes and powers of the corporation
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§99.6. Purposes and powers of the corporation A. The corporation's purposes are, and it shall have the authority and powers, to carry out the financing, purchasing, owning and managing of the tobacco assets and activities incidental thereto, the corporation being vested (subject …
La. Rev. Stat. § 39:99.7 Corporate existence; dissolution
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§99.7. Corporate existence; dissolution The corporation shall have perpetual existence; provided, however, the board shall dissolve and terminate the existence of the corporation no later than two years after the date of final payment of all outstanding bonds and the payments or …
La. Rev. Stat. § 39:99.8 Staff; counsel; assistance by state officers, departments and agencies; auditors; consultants
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§99.8. Staff; counsel; assistance by state officers, departments and agencies; auditors; consultants A. The staff of the Department of the Treasury, including that of the State Bond Commission, may, pursuant to a cooperative endeavor agreement, serve as staff to the corporation u…
La. Rev. Stat. § 39:99.9 Exemption from taxation
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§99.9. Exemption from taxation The exercise of the powers and authorities granted by this Subpart shall be in all respects for the benefit of the citizens of the state of Louisiana and for the promotion of their welfare, convenience and prosperity. Property of the corporation, wh…
La. Rev. Stat. § 39:991 Authorization to issue revenue bonds
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§991. Authorization to issue revenue bonds In addition to any other authority conferred by the constitution and statutes of the state of Louisiana, any municipal corporation or any parish or any other political subdivision or taxing district authorized to issue bonds under R.S. 3…
