reglab/housing_qa huggingface dataset:
LA Rev Stat § 39:672 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§672. Prior assumption of district debt by parishes not affected hereby

RS 672 - Prior assumption of district debt by parishes not affected hereby  Nothing herein provided shall be construed as affecting in any way any action heretofore taken by a parish in assuming the debt of districts as provided by law. NOTE: §672 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 672 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1962, No. 111, §8; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:681 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§681. Authorization to issue eight percent municipal bonds payable from public utility and tax revenue in lieu of six percent bonds authorized by statute

RS 681 - Authorization to issue eight percent municipal bonds payable from public utility and tax revenue in lieu of six percent bonds authorized by statute  All municipalities in which the issuance of bonds payable from the revenues of a municipal revenue producing public utility, as the same is defined in Subpart A, Part I, Chapter 10, Title 33 of the Louisiana Revised Statutes of 1950, or bonds payable from the revenues of a municipal sales and use tax pursuant to Subpart D, Part I, Chapter 6, Title 33 of the Louisiana Revised Statutes of 1950, has heretofore been authorized at a municipal election held for such purpose are hereby authorized to issue in lieu of such bonds heretofore authorized, bonds payable from the said respective revenues at a rate of interest not exceeding the maximum rate provided for conventional interest by Article 2924 of the Louisiana Civil Code as the same now exists or may be hereafter amended, in the manner provided herein. Such bonds may be issued in an amount not exceeding the amount of bonds heretofore authorized at the said election and shall be issued for the purpose and term stated in the proposition approved at said election. NOTE: §681 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 681 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 1970, No. 30, §1, emerg. eff. June 18, 1970 at 11:35 A.M.; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:682 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§682. Procedure

RS 682 - Procedure  Bonds issued hereunder payable from the revenues of a municipal revenue producing public utility shall be issued in accordance with the provisions of Subpart C, Part I, Chapter 10, Title 33 of the Louisiana Revised Statutes of 1950, and bonds issued hereunder payable from the revenues of a municipal sales and use tax shall be issued in accordance with the provisions of Subpart D, Part I, Chapter 6, Title 33 of the Louisiana Revised Statutes of 1950, except that an election on the question of the issuance of such bonds shall be required for the issuance of either type of bonds only if ten percent of the qualified electors, or 1500 qualified electors, whichever is less, petition for such an election in the manner hereinafter provided. NOTE: §682 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 682 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 1970, No. 30, §2, emerg. eff. June 18, 1970 at 11:35 A.M.; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:683 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§683. Resolution authorizing bonds; petition and election

RS 683 - Resolution authorizing bonds; petition and election  Before any bonds authorized hereunder are delivered to the purchaser thereof the governing authority of the municipality shall adopt a resolution authorizing and giving notice of the issuance of the bonds and providing for the maximum rate of interest, the security and method of payment and other details in connection therewith. Said resolution shall be published one time in the official journal of the municipality. For a period of thirty days after such publication the municipality shall receive written petitions for an election to be held on the question of the issuance of the bonds. If at least ten percent of the qualified electors of the municipality, or 1500 qualified electors, whichever is less, so request an election by such written petition within said thirty-day period, an election on the question of the issuance of such bonds shall be called and held as herein provided. In the event no petition or petitions signed by the requisite number is filed within said thirty-day period, said bonds may be issued without the necessity of an election thereon. Voting machines shall be used in holding said election and, insofar as practicable, said election shall be called, conducted, canvassed and promulgated in accordance with the provisions of R.S. 39:501-39:518, except that the right to vote at such election shall not be restricted to taxpaying voters. Assessed valuation shall not be voted in this election. If a majority of the qualified electors voting at such election vote in favor of the proposition to issue the bonds, the governing authority of the municipality, after promulgation of the results of the election, may by resolution authorize the issuance of the bonds in an amount or amounts not exceeding the amount stated in the proposition, which bonds shall not be issued for any purpose other than that stated in the proposition. NOTE: §683 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 683 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 1970, No. 30, §3, emerg. eff. June 18, 1970 at 11:35 A.M.; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:684 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§684. Rescission of authority to issue amount of unissued bonds equal to amount issued hereunder

RS 684 - Rescission of authority to issue amount of unissued bonds equal to amount issued hereunder  Upon the issuance of any revenue bonds hereunder, the authority to issue a corresponding amount of unissued bonds pursuant to the authority of the election previously held shall be cancelled and rescinded. NOTE: §684 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 684 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 1970, No. 30, §4, emerg. eff. June 18, 1970 at 11:35 A.M.; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:691 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§691. Refunding bonds

RS 691 - Refunding bonds  For the purpose of readjusting, refunding, extending, or unifying the whole or any part of its outstanding bonds and certificates of indebtedness, municipal corporations, parishes and school, road, subroad, sewerage, drainage, subdrainage (waterworks and subwaterworks) districts, irrigation districts, and any parish school board shall have full power and authority to issue negotiable interest bearing refunding bonds in an amount not exceeding the amount of bonds and certificates of indebtedness to be refunded, and the interest due thereon. NOTE: §691 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 691 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1975, No. 153, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:692 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§692. Payment of refunding bonds; taxes

RS 692 - Payment of refunding bonds; taxes  Political subdivisions referred to in R.S. 39:691, through their governing authorities, and parish school boards are authorized to and shall secure the payment of refunding bonds, in interest and principal, by the levying of special ad valorem taxes annually in an amount sufficient to pay interest annually or semiannually and to pay the principal falling due each year, when the bonds to be refunded were secured in like manner. However, a drainage and subdrainage district shall secure the payment of such refunding bonds by imposing and collecting annually an acreage tax or forced contribution on each acre of land within the district sufficient in amount to pay interest and principal falling due each year if the bonds to be refunded were secured in like manner. In addition, a parish school board, subject to the approval of the Louisiana State Board of Elementary and Secondary Education, shall secure the payment of refunding bonds issued under this Subpart by anticipation and pledge of its annual revenues in an amount sufficient to pay interest and principal falling due each year. NOTE: §692 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 692 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1975, No. 153, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:693 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§693. Maturities and interest rate

RS 693 - Maturities and interest rate  Refunding bonds issued hereunder shall have maturities not exceeding forty years; however, the maturities shall be so fixed as to effect a consequent reduction in the annual rate of taxes or annual forced contributions required or annual revenues pledged and the interest rate shall be the same or lower than the interest rate of the bonds refunded. NOTE: §693 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 693 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1975, No. 153, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:694 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§694. Exchange of outstanding bonds for refunding bonds

RS 694 - Exchange of outstanding bonds for refunding bonds  Upon issuance of refunding bonds as provided herein by any political subdivision or parish school board, the holder of any outstanding bond or certificate of indebtedness of any such political subdivision or parish school board, whether matured or unmatured, upon surrendering the bond or certificate of indebtedness to the issuing authority, may receive in exchange and substitution therefor a refunding bond of the same amount, bearing interest not exceeding the interest rate of the bonds refunded and maturing not longer than forty years after the date of the refunding bond. The funds realized from the sale of the refunding bonds shall be applied exclusively to the payment of the bonds or certificates of indebtedness refunded. NOTE: §694 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 694 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1975, No. 153, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:695 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§695. Sale of refunding bonds

RS 695 - Sale of refunding bonds  The refunding bonds shall be sold for not less than par at public sale upon sealed bids after public advertisement. The notice calling for bids need be published only two times within a period of not less than five days in a newspaper of general circulation published in the parish where governing authority issuing the refunding bonds is located or has its domicile. The first of such publications shall be made at least seven days in advance of the date scheduled for the reception of bids for the bonds. The notice also shall be published one time in either a newspaper of general circulation or a financial journal or newspaper containing a section devoted to municipal bond news published in either of the cities of New Orleans, Louisiana, or New York, New York. This publication shall be made at least seven days in advance of the date scheduled for the reception of bids for the securities. NOTE: §695 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 695 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1975, No. 153, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:696 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§696. Limitations of indebtedness inapplicable

RS 696 - Limitations of indebtedness inapplicable  The limitations as to indebtedness and bonds issued based on the assessed valuation contained in R.S. 39:562 shall not apply to refunding bonds issued hereunder. NOTE: §696 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 696 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1975, No. 153, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:697 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§697. Sufficiency of proceedings; law merchant; thirty-day period for questioning validity of bonds

RS 697 - Sufficiency of proceedings; law merchant; thirty-day period for questioning validity of bonds  The governing body of each of the political subdivisions and each parish school board shall have full power and authority to adopt all ordinances or resolutions necessary to carry the provisions of this Subpart into effect. No proceedings in respect to the issuance of any such refunding bonds shall be necessary, except such as are contemplated by this Subpart. The refunding bonds issued hereunder shall be and are hereby declared to have the qualities of negotiable paper under the law merchant. If the validity of any refunding bonds issued under the provisions of this Subpart is not raised within thirty days after the date of publication of the issuing of the bonds, the authority to issue the bonds, the legality thereof, and the validity of the taxes necessary to pay the same shall be conclusively presumed and no court shall have authority to inquire into such matters. NOTE: §697 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 697 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1975, No. 153, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:698.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§698.1. Definitions

RS 698.1 - Definitions  As used in this Subpart, the following terms shall have the following meanings:  (1) "Governing authority" means collectively the body which exercises the governmental and financing functions of the local governmental subdivision, or the school board.  (2) "Issuer" means the local governmental subdivision or school board in whose name bonds authorized hereunder are issued.  (3) "Local governmental subdivision" means any parish or municipality.  (4) "Resolution" means a resolution, ordinance, act or other appropriate legislative enactment of a governing authority.  (5) "Sales tax revenues" means the proceeds or avails of any sales tax imposed under the authority of Section 29 of Article VI of the Constitution of the State of Louisiana of 1974 or any other authority except R.S. 47:338.84. NOTE: §698.1 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 698.1 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 1975, 1st Ex.Sess., No. 21, §1, eff. Jan. 28, 1975; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:698.2 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§698.2. Authority to issue bonds; election necessary

RS 698.2 - Authority to issue bonds; election necessary  The governing authority of any local governmental subdivision or any school board may, in the manner hereinafter provided, fund sales tax revenues into negotiable bonds provided that the question of or proposition to authorize the funding of sales tax revenues into bonds shall have been submitted to the electors of the local governmental subdivision or, in the case of a school board the electors in the area under the jurisdiction of the school board, at an election called, conducted, canvassed and promulgated by the governing authority of the local governmental subdivision or the school board, as the case may be, in accordance with the laws of Louisiana governing the conduct of elections to authorize the issuance of bonds, levying of taxes and assumption of debt by political subdivisions and a majority of those electors voting in such election shall have voted in favor of the question or proposition to fund the sales tax revenues into bonds. The question or proposition with respect to the funding of the sales tax revenues into bonds may be voted upon at the election held to authorize the imposition of the tax or may be submitted at a separate election held for such purpose. NOTE: §698.2 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 698.2 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 1975, 1st Ex.Sess., No. 21, §2, eff. Jan. 28, 1975; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:698.3 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§698.3. Purposes

RS 698.3 - Purposes  If the funding of sales tax revenues is authorized by the electors as aforesaid, the governing authority of the local governmental subdivision or school board, as the case may be, may issue bonds from time to time for the purpose or purposes set forth in the question or proposition approved at the election, said bonds to be payable solely from and secured by an irrevocable pledge and dedication of sales tax revenues subject only to the prior payment of the costs and expenses of administration and collection of such tax. The bonds shall have such form, characteristics and details, be sold and be subject to the limitations and restrictions hereinafter set out. NOTE: §698.3 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 698.3 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 1975, 1st Ex.Sess., No. 21, §3, eff. Jan. 28, 1976; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:698.4 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§698.4. Issuing bonds; maximum duration; interest; form

RS 698.4 - Issuing bonds; maximum duration; interest; form  The bonds shall be authorized and issued by resolution of the governing authority and shall be of such series, bear such date or dates, mature at such time or times beginning not more than three years after the date of the bonds and ending not later than twenty-five years after the date thereof, bear interest at such rate or rates payable at such times, be in such denomination, be in such form, either coupon or fully registered without coupons, carry such registration and exchangeability privileges, be payable in such medium and at such place or places within or without the state, be subject to such terms of redemption, be entitled to such priorities on the sales tax revenues and be sold upon such terms not inconsistent herewith as such resolution may provide. The bonds shall be executed in the name of the local governmental subdivision or school board by the manual or facsimile signatures of such official or officials of the local governmental subdivision or school board as designated by the governing authority in said resolution authorizing their issuance. At least one signature on each bond shall be a manual signature. The seal, or a facsimile thereof, of such local governmental subdivision or school board shall be affixed, imprinted, engraved or otherwise reproduced upon each bond. The delivery of any bonds or coupons so executed at any time thereafter shall be valid, although before the date of delivery, any person or persons signing the bonds or coupons shall cease to hold office. The maturities of the bonds shall be so arranged that the total amount of principal and interest falling due in any year, together with principal and interest falling due in such year on all bonds theretofore issued hereunder, and then outstanding, shall never exceed seventy-five percent of the amount of sales tax revenues estimated by the governing authority to be received by it in the calendar year in which the bonds are issued. NOTE: §698.4 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 698.4 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 1975, 1st Ex.Sess., No. 21, §4, eff. Jan. 28, 1975; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:698.5 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§698.5. Liability; pledge of sales tax proceeds

RS 698.5 - Liability; pledge of sales tax proceeds  A. Bonds issued hereunder shall constitute a borrowing solely upon the credit of the sales tax revenues received or to be received by the governing authority of the issuer and shall not constitute an indebtedness or pledge of the general credit of the issuer within the meaning of any constitutional or statutory provision relating to the incurring of indebtedness, and the bonds shall contain a recital to that effect. No member of the governing authority or officer of the issuer or any person executing the bonds shall be personally liable on such bonds.  B. Bonds issued hereunder shall be payable solely from and secured by an irrevocable pledge and dedication of such part of the sales tax revenues as may be pledged thereto in the authorizing resolution. Any holder of any of such bonds, or coupons attached thereto, may either at law or in equity, by suit, action, mandamus or other proceedings, enforce and compel performance of all duties required to be performed by the governing authority as a result of issuing the bonds and may similarly enforce the provisions of the ordinance or other enactment of the governing authority imposing the tax and the resolution and proceedings authorizing the issuance of such bonds.  C. When any bonds shall have been issued hereunder neither the legislature, the governing authority, nor any other authority shall discontinue or decrease the tax or permit to be discontinued or decreased the tax in anticipation of the collection of which such bonds have been issued, or in any way make any change in the allocation and dedication of the proceeds of such tax which would diminish the amount of the sales tax revenues to be received by the issuer until all of such bonds shall have been retired as to principal and interest, and there is hereby vested in the holders from time to time of such bonds and the coupons representing interest thereon a contractual right under the provisions of this Subpart. NOTE: §698.5 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 698.5 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 1975, 1st Ex.Sess., No. 21, §5, eff. Jan. 28, 1975; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:698.7 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§698.7. Sale of bonds; proceeds

RS 698.7 - Sale of bonds; proceeds  A. All bonds issued hereunder shall be advertised for sale on sealed bids, in accordance with the law of Louisiana providing a uniform advertising procedure for securities of public entities required to be sold at public sale on sealed bids. The governing authority may reject any and all bids. If the bonds are not sold pursuant to the advertisement, they may be sold by the governing authority at private sale within sixty days after the date advertised for the reception of sealed bids, but no private sale shall be made at a price less than the highest bid which shall have been received. If not so sold, the bonds shall be readvertised in the manner herein prescribed.  B. The proceeds derived from the sale of bonds issued hereunder shall be used exclusively by the issuer for the purpose or purposes for which the bonds are authorized to be issued, but the purchasers of the bonds shall not be obligated to see to the application thereof. NOTE: §698.7 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 698.7 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 1975, 1st Ex.Sess., No. 21, §5, eff. Jan. 28, 1975; Acts 2018, No. 569, §2, eff. July 1, 2021.