La. Rev. Stat. § 39:100.255 — LA Code / Code revised-statutes / Title 39 / Section 100.255
Louisiana Economic Development Initiatives Fund
Status: in_force

A. There is hereby established in the state treasury, as a special fund, the Louisiana Economic Development Initiatives Fund, hereinafter referred to in this Section as the "fund".

B. 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 treasurer shall deposit into the fund any monies transferred or appropriated by the legislature. The treasurer shall also deposit into the fund any grants, donations, gifts, or other monies which may become available.

C. All unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund. The monies in the fund shall be invested by the state treasurer in the same manner as monies in the state general fund. Interest earned on the investment of monies in the fund shall be credited to the fund.

D. The monies in the fund shall be utilized for the following:

(1) The state treasurer shall deposit the first one hundred fifty million dollars of monies received into the fund into the Site Investment and Infrastructure Improvement Fund.

(2) Of the remaining monies in the fund, the treasurer shall deposit sixty-five million seven hundred twenty-four thousand one hundred twelve dollars of monies received into the fund into the Rapid Response Fund.

(3) Of the remaining monies in the fund, the treasurer shall deposit five million dollars of monies received into the fund into the Marketing Fund.

(4) Of the remaining monies in the fund, the treasurer shall deposit ten million dollars of monies received into the fund into the Major Events Incentive Fund.

(5) Any remaining monies in the fund shall be used solely for training, marketing initiatives, commitments made by Louisiana Economic Development, and various capital initiatives that will have a positive impact on the state's economy.

Acts 2025, No. 365, §3, eff. June 20, 2025.
La. Rev. Stat. § 39:239 — LA Code / Code revised-statutes / Title 39 / Section 239
Financial requests from board of liquidation of the state debt; initial submission of such requests to commissioner of administration
Status: in_force

Any state agency requesting funds from the Board of Liquidation of the State Debt as authorized by Article IV, Section 1(a) of the Louisiana Constitution shall first submit said request together with a detailed statement of the need and/or emergency character thereof to the commissioner of administration at least five days prior to the date the board is to meet. The commissioner may transmit to the Board of Liquidation of the State Debt any findings and comments relative to the request.

Added by Acts 1966, No. 451, §1.
La. Rev. Stat. § 39:1033 — LA Code / Code revised-statutes / Title 39 / Section 1033
General power to issue bonds
Status: in_force

The city of New Orleans is hereby authorized to issue bonds in the manner and form and subject to the conditions and limitations hereinafter set forth.

Acts 1985, No. 674, §3, eff. July 16, 1985.

{{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}
La. Rev. Stat. § 39:1036 — LA Code / Code revised-statutes / Title 39 / Section 1036
Interest rates
Status: in_force

Subject to the provisions of R.S. 39:1424, bonds of the City and public entities may be sold at the rate or rates set forth in the resolution or other instrument providing for their issuance. Such bonds may be issued at fixed, variable, or adjustable rates or may be noninterest bearing or in the form of capital accretion bonds.

Acts 1985, No. 674, §6, eff. July 16, 1985.

{{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}
La. Rev. Stat. § 39:1798.5 — LA Code / Code revised-statutes / Title 39 / Section 1798.5
Applicable laws to corporation
Status: in_force

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 by the state as a financing vehicle for the construction, renovation, or expansion of public facilities.

B. 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 state or an agency thereof, including but not limited to the provisions of Part XV of Chapter 32 of Title 13 of the Louisiana Revised Statutes of 1950.

C. In any claim or lawsuit against the corporation or its officers or employees for damages arising out of personal injury or death of an official or employee of the state, its agencies, boards or commissions, the exclusive, compulsory and obligatory relief shall be limited to the remedies and relief afforded under Chapter 10 of Title 23 of the Louisiana Revised Statutes of 1950, including but not limited to R.S. 23:1034.

Acts 1989, No. 805, §1, eff. July 8, 1989; Acts 2001, No. 1057, §1, eff. June 28, 2001.
La. Rev. Stat. § 39:330.2 — LA Code / Code revised-statutes / Title 39 / Section 330.2
Disposal of surplus telecommunications equipment
Status: in_force

Prior to the disposition of any surplus telecommunications equipment the commissioner of administration first shall contact the director of the Office of Telecommunications Management, who shall have the authority to designate the state agency to which the equipment shall be transferred, or* shall have the authority to determine if the equipment may be disposed of through other methods provided for in this Part.

Acts 1984, No. 618, §1.

*As appears in enrolled bill.
La. Rev. Stat. § 39:99.11 — LA Code / Code revised-statutes / Title 39 / Section 99.11
Exclusive jurisdiction and venue; service of process; bond validation actions
Status: in_force

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 or action to determine or contest the validity of bonds of the corporation shall be brought and conducted only in accordance with La. R.S. 13:5121, et seq.

Acts 2001, No. 1145, §1.
La. Rev. Stat. § 39:1709 — LA Code / Code revised-statutes / Title 39 / Section 1709
Review of procurement requirements
Status: in_force

To the extent possible, the chief procurement officer shall collect information concerning the type, cost, quality, and quantity of commonly used supplies, services, major repairs, or construction being procured or used by state public procurement units. The chief procurement officer may also collect such information from local public procurement units.

Added by Acts 1979, No. 715, §1, eff. July 1, 1980; Acts 2014, No. 864, §2, eff. Jan. 1, 2015.
La. Rev. Stat. § 39:2152 — LA Code / Code revised-statutes / Title 39 / Section 2152
Legislative intent and purpose
Status: in_force

The legislature intends the attorney general and private citizens of Louisiana to be agents of this state with the ability, authority, and resources to pursue civil monetary penalties or other remedies to protect the fiscal and programmatic integrity of hurricane relief programs in Louisiana from persons who engage in fraud, misrepresentation, abuse, or other ill practices, as set forth in this Chapter, and to obtain funds, property, or other compensation to which these persons are not entitled.

Acts 2006, No. 479, §1, eff. June 22, 2006.
La. Rev. Stat. § 39:1405.4 — LA Code / Code revised-statutes / Title 39 / Section 1405.4
Costs of issuance and reporting requirements
Status: in_force

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 estimated costs of issuance have been presented to the issuer in a written report compiled by bond counsel in a public sale of securities or by bond counsel with the assistance of the underwriter in a private sale of securities.

B. No later than forty-five days after the closing and delivery of bonds the issuer or its representative shall submit to the State Bond Commission a final report with respect to such issue.

C. The final report shall be in a form provided by the State Bond Commission and shall provide information with respect to the final size of the issue, maturities and interest rates, and all costs of issuance including underwriters' discount, legal fees, financial advisory fees, consultant or other advisory fees, paying agent fees, registrar fees, fees payable for duties related to the issuance and payment of the securities, remarketing fees, and fees associated with liquidity enhancement devices, credit enhancement devices, interest rate swaps, or derivative products, paid from bond proceeds or other sources. Such report shall also provide information with regard to the specific role that an individual or company performed for such fee. Annual fees or ongoing costs may be reported in a fixed or parameter mode.

D. The report shall list:

(1) The costs of issuance by individual item as submitted to and approved by the State Bond Commission.

(2) The actual costs of issuance by individual item.

(3) The variance, if any, between the approved and actual costs of issuance by individual item, dollar amount and percentage.

E.(1) If the total actual costs of issuance exceed the total approved costs of issuance or the actual costs of issuance in any line item exceed the approved costs of issuance by a variance of ten percent or more, the issuer shall provide a written explanation to the State Bond Commission and may be required to appear at a meeting thereof for purposes of further explanation.

(2) If the issuer is advised of an increase pursuant to Paragraph (1) of this Subsection and the increased costs of issuance can be timely submitted for approval, the increased costs of issuance shall be resubmitted to the State Bond Commission for approval prior to closing.

F. In addition to the other reporting requirements set forth in this Section, any fees which are associated with the bonds and which are incurred after the forty-five day period following issuance and delivery of the bonds, including but not limited to legal, consulting, and financial advisory fees, and fees associated with credit enhancement or derivative projects obtained post-closing, shall be estimated and presented to the issuer and the State Bond Commission. A final report of the actual fees paid shall be furnished to the issuer and the State Bond Commission within forty-five days of the payment.

G. A copy of any report required by this Section shall be filed in the official records of the issuer.

H. Repealed by Acts 2022, No. 260, §2, eff. July 1, 2022.

Acts 2008, No. 790, §1; Acts 2022, No. 260, §§1, 2, eff. July 1, 2022.