reglab/housing_qa huggingface dataset:
LA Rev Stat § 33:7616 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7616. Development by corporations; surplus profits

RS 7616 - Development by corporations; surplus profits  A. Notwithstanding R.S. 33:7625, but consistent therewith, a corporation may, itself, or through the use of one or more subsidiary corporations, or through partnerships or joint ventures, as permitted in R.S. 33:7610, develop, construct, operate or maintain any facilities, structures, and appurtenances, provided, however, that the corporation shall not engage in any such activities unless or until the board of directors of the corporation, after review of all available information and data, shall determine that it would not be economically feasible or practical for such development, construction, operation or maintenance to be undertaken by private enterprise acting alone. B. Any profits derived from the developmental activities of a corporation shall be applied by its board of directors to meet the needs, goals and objectives of the new community, including, but not limited to the development of programs designed to meet social objectives, the development of amenities for the residents of the new community development area and for such related purposes as the board of directors shall determine. C. The board of directors of a corporation shall from time to time review the financial condition of any new community project and determine if there are surplus profits available for distribution by the corporation to the parish or municipality. In the event that the board of directors determines that there are surplus profits available for distribution to the parish or municipality, it shall so certify to the governing body and immediately transfer such surplus profits to the treasury of the parish or municipality. Upon such certification, the governing body, by ordinance or resolution, shall determine how and for what purposes the surplus profits shall be expended. D. Subsections B and C of this section shall be subject to any agreement with noteholders, bondholders, guarantors or others interested in any evidence of indebtedness of a corporation. Acts 1972, No. 553, §11.
LA Rev Stat § 33:7618 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7618. Security for bonds or notes

RS 7618 - Security for bonds or notes  A. The principal of and interest on any bonds or notes issued by a corporation may be secured as provided in R.S. 33:7617B and may be secured by a mortgage or other instrument covering all or any part of any lands or all or any part of a development project, including any additions, improvements, extensions to or enlargements of any development project thereafter made. B. Bonds or notes issued for the acquisition, construction, rehabilitation, or improvement of a development project may be secured by an assignment of any lease of or mortgage on such development project and by an assignment of the revenues and receipts derived by a corporation from any such lease or mortgage. C. The proceedings under which the bonds or notes are authorized to be issued and any mortgage, lease or other instrument may contain agreements and provisions respecting the maintenance of any development projects covered thereby, the fixing and collection of rents or other revenues therefrom, including monies received in repayment of mortgage loans, and interest thereon, the creation and maintenance of special funds from such rents or other revenues and the rights and remedies available in the event of default, all as a corporation shall deem advisable. D. Each pledge, agreement, mortgage or other instrument made for the benefit or security of any of the bonds or notes of a corporation shall continue effective until the principal of and interest on the bonds or notes for the benefit of which the same were made shall have been fully paid, or until provisions shall have been made for such payment in the manner provided in the proceedings under which the same may be authorized. Acts 1972, No. 553, §13.
LA Rev Stat § 33:7619 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7619. Bonds and notes as legal investment

RS 7619 - Bonds and notes as legal investment  Any parish or any municipality, all other parishes or municipalities, the state, all banks, trust companies, bankers, savings banks and institutions, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking or investment business, all insurance companies, insurance associations, and other persons carrying on an insurance business; and all executors, administrators, curators, trustees, and other fiduciaries, may legally invest any sinking funds, monies, or other funds belonging to them or within their control in any bonds or notes, issued by a corporation pursuant to this chapter, including such bonds or notes as shall be secured by an agreement between the issuer and the federal government in which the federal government agrees to guarantee the payment of the full amount of such bonds or notes. It is the purpose of this section to authorize any persons, political subdivisions and officers, public or private, to use any funds owned or controlled by them for the purchase of any such bonds, notes or other obligations. 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 1972, No. 553, §14.
LA Rev Stat § 33:7620 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7620. Corporation funds; audit; investment

RS 7620 - Corporation funds; audit; investment  A. All monies of a corporation from whatever source derived shall be paid to the treasurer of the corporation and shall be deposited forthwith in a bank or banks in the state designated by the corporation. The monies in such account or accounts shall be paid out on checks signed by the treasurer or other agent duly authorized and designated by by-laws of the corporation. B. The auditor of the parish or municipality and his legally authorized representatives and an independent auditor designated by the board of directors and his legally authorized representatives are authorized and empowered from time to time to examine the accounts and books of a corporation including its receipts, disbursements, contracts, leases, sinking funds, investments and all other records and papers relating to its financial standing. The parish or municipal auditor shall conduct an examination at least once every three years, provided, however, that the parish or municipal auditor is authorized to accept from a corporation in lieu thereof an independent outside examination of the corporation's books and accounts made at the request of such corporation. C. Any monies of a corporation including the proceeds of bonds or notes not required for immediate use may, at the discretion of the corporation, be invested in obligations of the state, the parish or municipality or the United States of America or obligations the principal and interest on which are guaranteed by the state, the parish or municipality or the United States of America. D. A corporation shall have power to contract with holders or guarantors of any of its bonds or notes as to the custody, collection, securing, investment and payment of any monies of the corporation, of any monies held in trust or otherwise for the payment of bonds or notes, and to carry out such contract. E. Subject to the provisions of any contract with bondholders, noteholders or guarantors a corporation shall prescribe a system of accounts. F. The results of all audits of a corporation whether made by the parish or municipal auditor or an independent outside auditing firm shall be submitted to the executive officer within thirty days of the receipt thereof by the corporation. Acts 1972, No. 553, §15.
LA Rev Stat § 33:7621 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7621. Property exempt from taxes and from levy and sale by virtue of an execution

RS 7621 - Property exempt from taxes and from levy and sale by virtue of an execution  A. All property of a corporation, including funds owned or held by it for the purposes of this chapter, shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the same nor shall judgment against the corporation be a charge or lien upon such property; but the provisions of this section shall not apply to or limit the right of obligees or guarantors to pursue any remedies for the enforcement of any pledge or lien given pursuant to this chapter by a corporation on its real or personal property, rents, fees, grants or revenues for a new community development project. B. The property of a corporation acquired or held for the purposes of this chapter is declared to be public property used for essential public and governmental purposes and such property, or any interest therein, in the hands of the corporation or any subsidiary thereof, shall be exempt from all taxes of the parish or municipality, the state, or any political subdivision thereof or any other taxing body. Acts 1972, No. 553, §16.
LA Rev Stat § 33:7623 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7623. Title of purchase

RS 7623 - Title of purchase  Any instrument executed by a corporation, purporting to convey any right, title or interest in any property under this chapter shall be conclusively presumed to have been executed in compliance with the provisions of this chapter insofar as title or other interest of any bona fide purchasers, lessees or transferees of the property is concerned. Acts 1972, No. 553, §18.
LA Rev Stat § 33:7624 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7624. Annual report

RS 7624 - Annual report  A corporation shall file, with the governing body, on or before March 31 of each year, a report of its activities for the preceding calendar year, which report shall include a complete financial statement setting forth its assets, liabilities, receipts and disbursements as of the end of such calendar year. At the time of filing the report, the corporation shall publish in a newspaper of general circulation in the parish or municipality, a notice to the effect that such report has been filed with the governing body and that the report is available for inspection during business hours in the office of the clerk and in the office of the corporation. Acts 1972, No. 553, §19.
LA Rev Stat § 33:7625 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7625. Encouragement of private enterprise

RS 7625 - Encouragement of private enterprise  Consistent with the purposes of this chapter and the needs of the parish or municipality, a corporation shall encourage the full participation of private enterprise in the development and construction of residential, commercial, industrial, institutional, recreational and other facilities, structures, and appurtenances necessary or convenient in connection with a development project and, to afford the maximum opportunity for such full participation, shall formulate such rules and regulations as it deems necessary for the purpose. Acts 1972, No. 553, §20.
LA Rev Stat § 33:7626 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7626. Indemnity of directors, officers, agents and employees

RS 7626 - Indemnity of directors, officers, agents and employees  A corporation shall indemnify and hold harmless any director, officer, agent or employee against any liability or loss arising from the carrying out of the powers set forth in this chapter other than liability of loss resulting from his own acts of gross negligence or willful misconduct. Acts 1972, No. 553, §21.
LA Rev Stat § 33:7627 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7627. Authority of parishes, municipalities and subdivisions thereof to appropriate and dedicate funds to a new community trust fund

RS 7627 - Authority of parishes, municipalities and subdivisions thereof to appropriate and dedicate funds to a new community trust fund  Notwithstanding any other provision of general or special law, the purposes for which a parish or municipality, or any agency or subdivision of either, may levy taxes or appropriate funds to a new community trust fund include the preservation and enhancement of the tax base of such parish, municipality, subdivision or agency and the furthering of the purposes of such parish, municipality, subdivision or agency as provided by law. Acts 1987, No. 815, §1, eff. July 20, 1987.
LA Rev Stat § 33:7631 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7631. Short title

RS 7631 - Short title  This Chapter shall be known and may be cited as the "Cooperative Local Government Incentives Act".  Acts 2014, No. 746, §1, eff. June 19, 2014; Acts 2018, No. 513, §1.
LA Rev Stat § 33:7632 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7632. Declaration of purpose; applicability

RS 7632 - Declaration of purpose; applicability A. The legislature hereby finds and declares that the health, safety, and welfare of the people of this state are dependent upon the continued encouragement, development, growth, and expansion of private sector economic development within the state. The legislature further finds and declares that there are certain depressed areas in the state that need the particular attention of government. These depressed areas often have declining or minimal tax revenues creating a widening gap in funding between the costs of public project needs and available resources at the local level to address them. Finally, investment in public infrastructure could dramatically improve the quality of life of residents and make the areas more attractive to private sector economic development. Therefore, it is declared to be the purpose of this Chapter to stimulate a partnership between government and the private sector for business growth in these depressed areas through local incentives for private sector donations for local public infrastructure projects. B. This Chapter shall apply only to cooperative endeavor agreements which expressly cite this Chapter as authority for the agreement, and shall not be construed as being applicable or otherwise limit a local government entity to enter into cooperative endeavor agreements generally. Acts 2014, No. 746, §1, eff. June 19, 2014.
LA Rev Stat § 33:7633 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7633. Cooperative endeavor agreements

RS 7633 - Cooperative endeavor agreements A.(1) As authorized by Article VII, Section 14(C) of the Louisiana Constitution, political subdivisions and political corporations may enter into a cooperative endeavor agreement with any public or private association, corporation, or individual to carry out a local infrastructure project to achieve a public purpose. Any capital improvements shall be on public property and for local infrastructure projects as authorized in this Chapter. (2) As used in this Chapter, a "local governmental entity" shall mean the political subdivision or political corporation authorized to execute a cooperative endeavor agreement under this Chapter. B. This cooperative endeavor agreement may provide for the investment, pledge, use, or deposit of private funds and the guarantee by the public or private association, corporation, or individual of certain financial obligations, to achieve the goals set forth in the agreement. The agreement shall state how the donation for the project will result in the furtherance of a public purpose of the local government entity. C. The cooperative endeavor agreement shall set forth in reasonable detail the following items: (1) The obligations of the various parties. (2) A showing of reasonable expectations that the benefits to be received by the local governmental entity from the donation equal or exceed any local tax rebates, tax credits, or other incentives to be awarded on the project. (3) Consequences to the public or private association, corporation, or individual in the event of a default or breach of the agreement by the association, corporation, or individual that shall include a repayment to the local governmental entity when appropriate, of any rebates, tax credits, or other incentives awarded or expenses incurred. Acts 2014, No. 746, §1, eff. June 19, 2014.
LA Rev Stat § 33:7634 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7634. Tax rebates, tax credits, or other incentives for donations to local governments

RS 7634 - Tax rebates, tax credits, or other incentives for donations to local governments  A. Tax rebates, tax credits, or other tax incentives, all hereafter in this Section referred to as incentives, may be allowed for qualified donations made to a local governmental entity for a qualified project or use subject to the following limitations:  (1) A donor shall submit to the financial officer designated by the local governmental entity a written report reasonably documenting the cash, equipment, goods, or services donated for a qualified project or use, including supporting documentation deemed necessary by that officer. Prior to the approval of incentives, the officer shall verify the value of the qualified donation.  (2) The local governmental entity may approve incentives to the donor in an amount as determined by the governing authority of the local governmental entity receiving the donation.  B.(1) The term "qualified donation" shall mean a donation made to a local governmental entity to assist in a qualified project or use as determined by the governing authority of that local governmental entity. The donation may be in the form of cash, equipment, goods, or services.  (2) The term "qualified project or use" shall mean a project or use as determined by the local governmental entity.  (3) The term "incentives" may be applied only to revenue or resources of the local governmental entity.  C. The local governmental entity shall promulgate such ordinances, rules, and regulations necessary to carry out the purposes of this Chapter.  D. The provisions of this Chapter shall apply to verified qualified donations made after July 1, 2014.  Acts 2014, No. 746, §1, eff. June 19, 2014; Acts 2018, No. 513, §1.
LA Rev Stat § 33:7701 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7701. Definition

RS 7701 - Definition  The term "consolidated special service district" shall mean consolidated waterworks districts, consolidated sewerage districts, consolidated fire protection districts, consolidated hospital service districts, consolidated recreation districts, and consolidated garbage districts created under the authority conferred by this Chapter. Added by Acts 1975, No. 94, §1.
LA Rev Stat § 33:7701.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7701.1. Consolidated drainage and gravity drainage districts

RS 7701.1 - Consolidated drainage and gravity drainage districts A. A parish governing authority may, except in the parish of Rapides, create consolidated drainage districts, consolidated gravity drainage districts, or consolidated drainage and gravity drainage districts under the authority conferred by this Chapter. Notwithstanding any provision of law to the contrary, such districts may be created and administered in accordance with the provisions of this Chapter. B. A consolidated drainage and gravity drainage district may be comprised of existing drainage districts and existing gravity drainage districts and territory not included in an existing district. Acts 1993, No. 19, §1, eff. May 18, 1993.
LA Rev Stat § 33:7702 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7702. Consolidation authority

RS 7702 - Consolidation authority A. The governing authority of any parish may create by ordinance one or more consolidated special service districts in the parish, each of which shall be comprised of one or more existing districts of the same type; however, no consolidated garbage district shall include territory within the corporate limits of any municipality. B. Such consolidated special service districts may also include territory not within the boundaries of an existing district of the same type and shall include territory not within the boundaries of an existing district of the same type, when only one existing district is to be so consolidated. C. As a prerequisite to the creation of any consolidated special service district, the governing authority of the parish shall be furnished with a certified copy of a resolution, adopted by the governing authority of each existing district to be consolidated and by the governing authority of each municipality all or part of whose territory is proposed to be included in the consolidated district, requesting the parish to create a consolidated special service district and describing and defining the boundaries thereof. D.(1) Notwithstanding the provisions of Subsection C of this Section, the governing authority of the parish of Sabine may create, by ordinance, a consolidated waterworks district comprised of the Ebarb Waterworks District and the South Toledo Bend Waterworks District without being furnished with a certified copy of a resolution adopted by the governing authority of each existing district or by the governing authority of each municipality all or part of whose territory is proposed to be included in the consolidated waterworks district requesting the parish to create such district. (2) Except as provided in Paragraph (1) of this Subsection, the consolidated waterworks district shall be otherwise governed by the provisions of this Chapter. Added by Acts 1975, No. 94, §1; Acts 2005, No. 85, §1, eff. June 21, 2005.
LA Rev Stat § 33:7703 (2021)
2021 Louisiana Laws|Revised Statutes|Title 33 - Municipalities and Parishes|§7703. Designation of consolidated districts; governing authority

RS 7703 - Designation of consolidated districts; governing authority A. A consolidated special service district so created shall be known and designated as "Consolidated _____ District No. ___ of the Parish of _____, Louisiana", and as so created shall constitute a waterworks district, sewerage district, fire protection district, hospital service district, recreation district, drainage district, gravity drainage district, drainage and gravity drainage district, or garbage district, as the case may be, within the meaning of Article VI, Section 19, of the Constitution of Louisiana, and as such shall enjoy all rights, powers, and privileges enjoyed by other districts of the same type under the constitution and laws of this state, including the right to issue bonds and levy taxes, and in the case of consolidated sewerage districts, also to levy special assessments. B. The governing authority of each such consolidated special service district shall be the governing authority of the parish creating the district; however, the governing authority of the parish may name and appoint an advisory board of not more than five persons to assist in the operation and administration of the affairs of the consolidated district under the general control of the parish governing authority. Such a board shall be organized and have such powers and duties as the parish governing authority may determine. Added by Acts 1975, No. 94, §1. Acts 1993, No. 19, §1, eff. May 18, 1993.