reglab/housing_qa huggingface dataset:
LA Rev Stat § 51:2381 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2381. Repealed by Acts 2009, No. 438, §11(B).

RS 2381 - Repealed by Acts 2009, No. 438, §11(B).
LA Rev Stat § 51:2382 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2382. Repealed by Acts 2009, No. 438, §11(B).

RS 2382 - Repealed by Acts 2009, No. 438, §11(B).
LA Rev Stat § 51:2383 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2383. Repealed by Acts 2009, No. 438, §11(B).

RS 2383 - Repealed by Acts 2009, No. 438, §11(B).
LA Rev Stat § 51:2384 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2384. Repealed by Acts 1992, No. 1136, §2, eff. Jan. 1, 1994.

RS 2384 - Repealed by Acts 1992, No. 1136, §2, eff. Jan. 1, 1994.
LA Rev Stat § 51:2385 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2385. Repealed by Acts 1992, No. 1136, §2, eff. Jan. 1, 1994.

RS 2385 - Repealed by Acts 1992, No. 1136, §2, eff. Jan. 1, 1994.
LA Rev Stat § 51:2386 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2386. Short title

RS 2386 - Short title This Chapter shall be known and may be cited as the "Louisiana Business and Industrial Development Company Act" or the "Louisiana BIDCO Act". Acts 1991, No. 506, §1; Acts 1996, 1st Ex. Sess., No. 30, §3, eff. May 7, 1996; Acts 2004, No. 806, §1.
LA Rev Stat § 51:2387 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2387. Declaration of purpose

RS 2387 - Declaration of purpose The purposes of this Chapter are to: (1) Promote economic development by encouraging the formation of business and industrial development companies, a new type of private institution, to help grow the financial services industry in Louisiana, create high-paying job opportunities in this sector and meet the financing assistance and management assistance needs of business firms in this state and elsewhere. (2) Provide for a system of licensing, regulation, and enforcement that will enable business and industrial development companies to satisfy eligibility requirements to participate, if they so choose, in the program of the Small Business Administration pursuant to Part 7(a) of the Small Business Act, Public Law 85-536, 15 U.S.C. 636(a), and other programs for which they may be eligible. (3) Provide for a system of licensing, regulation, and enforcement designed to prevent fraud, conflict of interest, and mismanagement, and to promote competent management, accurate recordkeeping, and appropriate communication with shareholders or members, in order to provide the following: (a) Comfort to prospective shareholders or members so as to facilitate equity investments in business and industrial development companies. (b) Comfort to prospective debt sources so as to facilitate the borrowing of money by business and industrial development companies. (4) Safeguard the general reputation of business and industrial development companies as a type of nondepository financial institution in order to increase the confidence of prospective equity investors in and prospective debt sources for those institutions. Acts 1991, No. 506, §1; Acts 2004, No. 806, §1.
LA Rev Stat § 51:2389.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2389.1. Guidance by commissioner; advisory opinions

RS 2389.1 - Guidance by commissioner; advisory opinions A. Advisory opinions and interpretations of the office shall not be considered rules requiring compliance with the rulemaking process under the Louisiana Administrative Procedure Act. B. This Section shall only have prospective application. Acts 1997, No. 58, §4.
LA Rev Stat § 51:2390 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2390. Reports

RS 2390 - Reports  Each licensee, each affiliate of a licensee, and each subsidiary of a licensee shall file with the commissioner such reports as and when the commissioner may reasonably require. A report under this Section shall be in such form and shall contain such information as the commissioner may reasonably require. Acts 1991, No. 506, §1.
LA Rev Stat § 51:2391 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2391. Impact information

RS 2391 - Impact information A. The commissioner shall provide to the House Commerce Committee and Senate Commerce, Consumer Protection, and International Affairs Committee upon their request information on the impact of this Chapter in promoting economic development in this state. At the minimum, the information shall include aggregate statistics on each of the following: (1) The number and dollar amount of provisions of financing assistance made by licensees to business firms in Louisiana. (2) The number and dollar amount of provisions of financing assistance made by licensees to business firms in Louisiana classified in broad categories of industry, such as divisions of the standard industrial classification manual. (3) The number and dollar amount of provisions of financing assistance made by licensees to minority-owned business firms and to women-owned business firms in Louisiana. (4) Estimates of the number of jobs created or retained in Louisiana. (5) The total number of employees and total payroll for Louisiana employees of BIDCOs. B.(1) The commissioner shall examine each licensee not less than once each calendar year. (2) The commissioner may at any time examine a licensee or subsidiary of a licensee. (3) A director, officer, manager, or employee of a licensee or of a subsidiary of a licensee being examined by the commissioner, or a person having custody of any of the books, accounts, or records of the licensee or of the subsidiary, shall exhibit to the commissioner, on request, any of the books, accounts, and other records of the licensee or of the subsidiary and shall otherwise facilitate the examination so far as it is in their power to do so. Acts 1991, No. 506, §1; Acts 2003, No. 183, §8; Acts 2004, No. 806, §1.
LA Rev Stat § 51:2393 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2393. Misrepresenting the meaning or effect of license; prohibited

RS 2393 - Misrepresenting the meaning or effect of license; prohibited A.(1) A Louisiana corporation or limited liability company that is licensed under another law of this state or under any law of the United States may apply for and be issued a license under this Chapter unless the transaction of business by the corporation or company as a licensee under another law of this state or a law of the United States violates this Chapter or is contrary to the purposes of this Chapter. (2) A Louisiana corporation or Louisiana limited liability company that is licensed under this Chapter may apply for and be issued a license under another law of this state or of another state or a law of the United States unless the transaction of business by that corporation or company as a licensee under another law of this state or another state or a law of the United States would violate this Chapter or would be contrary to the purposes of this Chapter. B.(1) Upon approval of a two-thirds vote of its board of directors, managers, or members and after complying with Paragraph (2) of this Subsection, a licensee may apply to the commissioner to have the commissioner accept the surrender of the licensee's license. If the commissioner determines that the requirements of this Section have been satisfied, the commissioner shall approve the application. (2) Not less than sixty days before filing an application with the commissioner under Paragraph (1) of this Subsection, a licensee shall notify all of its shareholders or members and all of its creditors of its intention to file the application. Each creditor shall be notified of the right to comment to the commissioner. Each shareholder or member shall be notified of the right to file with the licensee an objection to the proposed surrender of the license within the sixty-day period and shall be advised that, if the shareholder files an objection, the shareholder or member should send a copy of the objection to the commissioner. If shareholders or members representing twenty percent of the outstanding voting securities of the licensee file an objection, the licensee shall not proceed with the application under Paragraph (1) of this Subsection unless the application is approved by a vote of shareholders or members representing two-thirds of the outstanding voting securities of the licensee. Acts 1991, No. 506, §1; Acts 2004, No. 806, §1.
LA Rev Stat § 51:2394 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2394. Corporate or company matters

RS 2394 - Corporate or company matters A. The corporate or limited liability company name of each licensee shall include the word "BIDCO". A licensee shall not transact business under a name other than its corporate name or limited liability company name. B.(1) The board of directors of each licensee shall consist of not less than five directors. If the licensee is a limited liability company, it shall have at least five managers who are natural persons. (2) The board of directors or managers of each licensee shall hold a meeting not less than once each month. C. Within thirty days after the death, resignation, or removal of a director, manager, or officer, the election of a director, or the appointment of an officer, the licensee shall notify the commissioner in writing of the event and shall provide any additional information which the commissioner may require. Acts 1991, No. 506, §1; Acts 2004, No. 806, §1.
LA Rev Stat § 51:2395.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2395.1. Legal investments

RS 2395.1 - Legal investments Any parish, municipality, school board, special district, or political subdivision may legally invest any monies or funds belonging to them or within their control in a BIDCO established pursuant to this Chapter. Nothing contained in this Section with regard to legal investments shall be construed as relieving any person or persons of any duty of exercising reasonable care in selecting securities. Acts 2007, No. 159, §2.
LA Rev Stat § 51:2398 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2398. General provisions

RS 2398 - General provisions  A. This Chapter shall be liberally construed to accomplish its purposes. B. A proceeding to promulgate rules or regulations regarding civil penalties under R.S. 51:2396(I) shall be subject to the Administrative Procedure Act. C. Except as otherwise provided in this Subsection, the provisions of a licensee's incorporating statute apply to the licensee. If a provision of the licensee's incorporating statute conflicts with any provision of this Chapter, this Chapter controls. Acts 1991, No. 506, §1.
LA Rev Stat § 51:2399.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2399.1. Intent

RS 2399.1 - Intent A. It is the intent of the Legislature of Louisiana that the modernization benefits provided for in this Chapter should be used primarily as an inducement for businesses to remain in the state and not relocate outside the state and to modernize their existing operations in Louisiana. B. Nothing herein shall be construed to constitute a guarantee or assumption by the state of any debt of any individual, company, corporation, or association or to authorize the credit of the state to be given, pledged, or loaned to any individual, company, corporation, or association. C. No agency shall incur monetary or personnel costs paid with federal funds for compliance with the provisions of this Chapter when such use of the funds is prohibited by federal law. Acts 2009, No. 447, §1.
LA Rev Stat § 51:2399.4 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2399.4. Modernization tax credit approval

RS 2399.4 - Modernization tax credit approval  A. The department, after consultation with the secretary of the Louisiana Workforce Commission and the secretary of the Department of Revenue, may issue modernization tax credits provided the employer meets the requirements established by Subsection B of this Section. Nothing in this Chapter shall establish a right of the employer to receive retention and modernization tax credits unless approved by the department.  B. The employer shall establish one of the following:  (1) An increase in the increase of maximum capacity or efficiency of the facility of greater than ten percent.  (2) An approved investment from a company with multi-state operations with an established competitive capital project program.  C.(1) No contract shall be executed pursuant to this Chapter with an employer who has defaulted on or otherwise not repaid any loan or other obligation involving public funds nor with any employer who has ever declared bankruptcy under which an obligation of the employer to pay or repay public funds or monies was discharged as part of such bankruptcy.  (2) No contract shall be executed under this Chapter with an employer who is in default on any filing or payment with or to the state or any of its agencies or political subdivisions and in which an assessment or judgment that is final and non-appealable has been rendered, and remains outstanding, in favor of the state, or any of its agencies, or political subdivisions.  Acts 2009, No. 447, §1.
LA Rev Stat § 51:2399.5 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2399.5. Promulgation of rules

RS 2399.5 - Promulgation of rules The Department of Economic Development, the Louisiana Workforce Commission and the Department of Revenue shall each promulgate such rules, in accordance with the Administrative Procedure Act, as may be necessary to implement the provisions of this Chapter. Acts 2009, No. 447, §1.
LA Rev Stat § 51:2399.6 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2399.6. False or fraudulent information in making application, claim for credit or other instrument; penalties

RS 2399.6 - False or fraudulent information in making application, claim for credit or other instrument; penalties A. Any person making an application, claim for a tax credit, or any report, return, statement, or other instrument or providing any other information pursuant to the provisions of this Chapter who willfully makes a false or fraudulent application, claim, report, return, statement, invoice, or other instrument or who willfully provides any false or fraudulent information, any person who willfully aids or abets another in making such false or fraudulent application, claim, report, return, statement, invoice, or other instrument, or any person who willfully aids or abets another in providing any false or fraudulent information, shall be guilty, upon conviction, of a felony and shall be punished by the imposition of a fine of not less than one thousand dollars and not more than fifty thousand dollars, or imprisoned for not less than two years and not more than five years, or both. B. Any person convicted of a violation of this Section shall be liable for the repayment of all credits which were granted to the employer. Interest shall be due on such credits at the rate of fifteen percent per annum. Acts 2009, No. 447, §1.
LA Rev Stat § 51:2401 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2401. Repealed by Acts 2018, No. 661, §11C.

RS 2401 - Repealed by Acts 2018, No. 661, §11C.
LA Rev Stat § 51:2402 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2402. Repealed by Acts 2006, No. 713, §4, eff. July 1, 2006.

RS 2402 - Repealed by Acts 2006, No. 713, §4, eff. July 1, 2006.
LA Rev Stat § 51:2403 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2403. Repealed by Acts 2006, No. 713, §4, eff. July 1, 2006.

RS 2403 - Repealed by Acts 2006, No. 713, §4, eff. July 1, 2006.
LA Rev Stat § 51:2404 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2404. Repealed by Acts 2006, No. 713, §4, eff. July 1, 2006.

RS 2404 - Repealed by Acts 2006, No. 713, §4, eff. July 1, 2006.
LA Rev Stat § 51:2405 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2405. Repealed by Acts 1997, No. 1116, §2.

RS 2405 - Repealed by Acts 1997, No. 1116, §2.
LA Rev Stat § 51:2406 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2406. Repealed by Acts 2006, No. 713, §4, eff. July 1, 2006.

RS 2406 - Repealed by Acts 2006, No. 713, §4, eff. July 1, 2006.
LA Rev Stat § 51:2421 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2421. Purpose

RS 2421 - Purpose  The purpose of this Chapter is to regulate the use of aftermarket crash parts by requiring disclosure when any use is proposed of an aftermarket, nonoriginal equipment manufacturer's crash part, and by requiring that the manufacturers of such aftermarket crash parts be identified. Acts 1990, No. 765, §1, eff. Jan. 1, 1991.
LA Rev Stat § 51:2422 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2422. Definitions

RS 2422 - Definitions  A. "Aftermarket crash part" means a replacement for any of the nonmechanical sheet metal or plastic parts which generally constitute the exterior of a motor vehicle, including inner and outer panels. B. "Installer" means an individual who actually does the work of replacing or repairing parts of a motor vehicle. C. "Insurer" means an insurance company and any person authorized to represent the insurer with respect to a claim. D. "Nonoriginal equipment manufacturer (non-OEM) aftermarket crash part" means aftermarket crash parts not made for or by the manufacturer of the motor vehicle. E. "Repair facility" means any motor vehicle dealer, garage, body shop, or other commercial entity which undertakes the repair or replacement of those parts that generally constitute the exterior of a motor vehicle. Acts 1990, No. 765, §1, eff. Jan. 1, 1991.
LA Rev Stat § 51:2423 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2423. Identification

RS 2423 - Identification  Any aftermarket crash part supplied by a nonoriginal equipment manufacturer for use in this state after the effective date of this Chapter shall have affixed thereto or inscribed thereon the logo or name of its manufacturer. Such manufacturer's logo or name shall be visible after installation whenever practicable. Acts 1990, No. 765, §1, eff. Jan. 1, 1991.
LA Rev Stat § 51:2424 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2424. Disclosure

RS 2424 - Disclosure  A. No insurer shall specify the use of non-OEM aftermarket crash parts in the repair of an insured's motor vehicle, nor shall a repair facility or installer use non-OEM aftermarket parts to repair a vehicle, unless the insured is so advised in writing. B. In all instances where non-OEM aftermarket crash parts are intended for use by an insurer:  (1) The written estimate shall clearly identify each such part. (2) A disclosure document containing the following information in ten point type or larger type shall appear on or be attached to the insured's copy of the estimate: "This estimate has been prepared based on the use of crash parts supplied by a source other than the manufacturer of your motor vehicle. Warranties applicable to these replacement parts are provided by the manufacturer or distributor of these parts rather than the manufacturer of your vehicle."  Acts 1990, No. 765, §1, eff. Jan. 1, 1991.
LA Rev Stat § 51:2425 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2425. Enforcement

RS 2425 - Enforcement  Any violation of the provisions of this Chapter shall be enforced through the unfair trade practices provisions of the Insurance Code and shall be enforced by the penalties provided for in said provisions. Acts 1990, No. 765, §1, eff. Jan. 1, 1991.
LA Rev Stat § 51:2451 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2451. Short title

RS 2451 - Short title This Chapter shall be known and may be cited as the "Louisiana Quality Jobs Program Act". Acts 1995, No. 1238, §1, eff. July 1, 1995.
LA Rev Stat § 51:2452 (2021)
2021 Louisiana Laws|Revised Statutes|Title 51 - Trade and Commerce|§2452. Intent

RS 2452 - Intent  A. It is the intent of the Louisiana Legislature that the quality jobs benefits provided for in this Chapter in contracts for which an application is filed with the department after May 1, 2002, should be used primarily as an inducement for businesses to locate or expand existing operations in Louisiana in accordance with the Department of Economic Development's focus on Louisiana's traditional and seed clusters: Advanced Materials; Agriculture, Forest and Food Technology; Durable Goods (Marine, Automotive, Aviation); Entertainment; Information Technology; Biotechnology, Biomedical, and Medical Industries serving rural hospitals; Logistics and Transportation; Oil and Gas and Energy; Headquarters; and Petrochemical and Environmental Technology. A business operation should be considered for quality jobs benefits only if the business meets the provisions of R.S. 51:2453(2). It is the further intent of the Louisiana Legislature that the following should apply to quality jobs benefits provided both before and after that date:  (1) The state of Louisiana provide appropriate incentives to support employers who will make significant contributions to the development of the economy of the state of Louisiana.  (2) The amount of such incentives provided or made available to employers shall be directly related to the new direct jobs created as a result of the employer locating or expanding existing operations in the state of Louisiana.  (3) The Louisiana Department of Economic Development, the Louisiana Department of Revenue, and the Louisiana Workforce Commission shall implement the provisions of this Chapter and exercise all powers as authorized in this Chapter. The exercise of powers conferred by this Chapter shall be deemed and held to be the performance of essential public purposes.  B. Nothing herein shall be construed to constitute a guarantee or assumption by the state of Louisiana of any debt of any individual, company, corporation, or association or to authorize the credit of the state of Louisiana to be given, pledged, or loaned to any individual, company, corporation, or association.  C. No agency shall incur monetary or personnel costs paid with federal funds for compliance with the provisions of this Chapter when such use of the funds is prohibited by federal law.  Acts 1995, No. 1238, §1, eff. July 1, 1995; Acts 1996, 1st Ex. Sess., No. 39, §1, eff. May 7, 1996; Acts 2000, No. 46, §2, eff. June 28, 2000; Acts 2002, 1st Ex. Sess., No. 153, §1, eff. May 1, 2002; Acts 2003, No. 47, §1, eff. May 22, 2003; Acts 2005, No. 326, §1; Acts 2008, No. 743, §7, eff. July 1, 2008; Acts 2009, No. 438, §11(A); Acts 2017, No. 386, §3, eff. June 23, 2017.