reglab/housing_qa huggingface dataset:
LA Rev Stat § 39:1441 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1441. Definitions

RS 1441 - Definitions As used in this Chapter, the following terms shall have the following meanings: A. "Securities" means bonds, notes, certificates, or other written obligations for the repayment of borrowed money, including obligations to refund any of them. B. "Public entities" means: (1) the state of Louisiana, state departments, boards, commissions, or agencies; parishes; municipalities; parish and municipal school boards and districts; levee boards and districts; port boards and commissions; port, harbor, terminal and industrial districts; drainage and land reclamation districts; all special service districts, including but not limited to road, water, sewerage, fire protection, recreation, hospital service, gas utility, and garbage districts; (2) all other political subdivisions, special authorities, commissions, and boards heretofore or hereafter created by or pursuant to the constitution or statutes of the state, any laws incorporated into or ratified or confirmed by the constitution, or general or special charters of any parish or municipality; and (3) any other unit of local government created or governed by the governing authority of any parish or municipality. Added by Acts 1978, No. 381, §1, eff. July 12, 1978.
LA Rev Stat § 39:1442 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1442. Defeasance of securities of a public entity

RS 1442 - Defeasance of securities of a public entity A. Securities of a public entity shall be defeased and shall be deemed to be paid and shall no longer be considered to be outstanding under the instrument providing for their issuance, and the covenants, agreements, and obligations contained in the instrument providing for their issuance shall be discharged if one of the following shall occur: (1) There is deposited in an irrevocable trust with a bank which is a member of the Federal Deposit Insurance Corporation, or its successor, or with a trust company, monies in an amount sufficient to pay in full the principal of and interest and call premiums, if any, on such securities to their stated maturity or to the date fixed for their redemption, if such securities are callable for redemption prior to their stated maturities and irrevocable provision has been made for the call thereof. (2) There is deposited in an irrevocable trust with a bank which is a member of the Federal Deposit Insurance Corporation, or its successor, or with a trust company, noncallable direct general obligations of the United States of America or obligations unconditionally guaranteed in principal and interest by the United States of America, including certificates or other evidence of an ownership interest in such noncallable direct obligations, which may consist of specified portions of interest thereon, such as those securities commonly known as CATS, TIGRS, and STRPS, the principal of and interest on which, when added to other monies, if any, deposited therein, shall be sufficient to pay when due the principal of and interest and call premiums, if any, on such securities to their stated maturity or to the date fixed for redemption, if such securities are callable for redemption prior to their stated maturities and irrevocable provision has been made for the call thereof. B. Neither the obligations, the moneys deposited with the bank pursuant to this Section, nor the principal or interest payments on any such obligations shall be withdrawn or used for any purpose other than and they shall be held in trust for the payment of the principal of and premium, if any, and interest on the securities defeased. The holders of the securities which are so defeased shall have an express lien on such moneys or governmental obligations until paid out, used, and applied in accordance with this Section. Added by Acts 1978, No. 381, §1, eff. July 12, 1978; Acts 1988, No. 764, §1, eff. July 15, 1988; Acts 1999, No. 297, §1.
LA Rev Stat § 39:1443 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1443. Effect of defeasance

RS 1443 - Effect of defeasance Securities of the public entity which have been defeased as provided in R.S. 39:1442 shall no longer be considered as outstanding in computing any constitutional or statutory debt limitation with respect to the issuance of securities by such entity, and the public entity shall be released from the covenants, agreements, and obligations contained in the instrument authorizing such securities. Added by Acts 1978, No. 381, §1, eff. July 12, 1978.
LA Rev Stat § 39:1444 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1444. Definitions

RS 1444 - Definitions As used in this Chapter, the following terms shall have the following meanings: (1) "Credit enhancement device" means a letter of credit, bank guarantee, municipal bond insurance, surety bond, or any other device designed to improve the credit quality and marketability of securities. (2) "General obligation bonds" means bonds payable from ad valorem taxes levied by the issuer without limit as to rate or amount and to the payment of which bonds the full faith and credit of the issuer may also be pledged. (3) "Issuer" means the public entity issuing refunding bonds. (4) "Limited tax bonds" means bonds payable from any taxes other than unlimited ad valorem taxes. (5) "Public entities" or "public entity" means any one of the following, acting alone or in conjunction with any other: (a) State boards, commissions, or agencies; parishes; municipalities; parish and municipal school boards and districts; levee boards and districts; port boards and commissions; port, harbor, terminal, and industrial districts; drainage and land reclamation districts; all special service districts, including but not limited to road, water, sewerage, fire protection, recreation, hospital service, gas utility, and garbage districts; public trusts; and industrial development boards; (b) All other political subdivisions, special authorities, commissions, and boards heretofore or hereafter created by or pursuant to the constitution or statutes of the state, any laws incorporated into or ratified or confirmed by the constitution, or general or special charters of any parish or municipality; and (c) Any other unit of local government created or governed by the governing authority of any parish or municipality. (6) "Refunding bonds" means any securities issued to refund outstanding securities. (7) "Revenue bonds" means securities payable from and secured solely by a pledge of the income and revenues derived or to be derived from fees, rates, rentals, tolls, charges, grants, or other receipts, income, or revenues derived from any properties or facilities belonging to or leased by a public entity or from obligations owed to such entity or from obligations arising in connection with an undertaking, facility, project, or any combination thereof. (8) "Securities" means bonds, notes, certificates, or other written obligations for the repayment of borrowed money. Acts 1984, No. 352, §1, eff. July 2, 1984.
LA Rev Stat § 39:1445 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1445. Authorization of refunding bonds

RS 1445 - Authorization of refunding bonds Subject to the approval of the State Bond Commission and without reference to any other provisions of the laws of Louisiana and in addition to any other authority therefor, any public entity is hereby authorized to issue refunding bonds for the purpose of refunding, readjusting, restructuring, refinancing, extending, or unifying the whole or any part of its outstanding securities in an amount sufficient to provide the funds necessary to effectuate the purpose for which the refunding bonds are being issued and to pay all costs associated therewith. Acts 1984, No. 352, §1, eff. July 2, 1984.
LA Rev Stat § 39:1446 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1446. Manner of issuance of refunding bonds

RS 1446 - Manner of issuance of refunding bonds A. The refunding bonds shall be issued pursuant to a resolution or an ordinance adopted by the governing body of the issuer, which resolution or ordinance shall fix all details of the refunding bonds, including their form, terms, repayment schedule, and redemption features. The refunding bonds may be issued as part of a multi-purpose issue. B. The governing body of the issuer shall have authority to adopt all proceedings necessary for the authorization, sale, and delivery of the bonds, including the right to enter into all contractual arrangements as may be necessary to effectuate the purpose for which the refunding bonds are being issued upon terms determined by the governing body of the issuer to be advantageous and beneficial to the issuer. Acts 1984, No. 352, §1, eff. July 2, 1984.
LA Rev Stat § 39:1447 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1447. Security for refunding bonds

RS 1447 - Security for refunding bonds A. The refunding bonds issued to refund outstanding revenue bonds or limited tax bonds may be secured in the same manner as the securities being refunded or may be secured in such other manner as may be prescribed by the governing body of the issuer; provided, however, if such refunding bonds are to be secured by the full faith and credit of the issuer, they must be authorized at an election held by the issuer in accordance with the requirements of the constitution and laws of Louisiana pertaining to elections for the issuance of general obligation bonds. B. Any general obligation refunding bonds issued to refund outstanding general obligation securities shall be authorized in accordance with Article VI, Section 33(A) of the Louisiana Constitution of 1974 and, subject to the provisions thereof, shall be issued in accordance with the provisions of this Chapter. Acts 1984, No. 352, §1, eff. July 2, 1984.
LA Rev Stat § 39:1448 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1448. Additional security

RS 1448 - Additional security Refunding bonds issued under this Chapter may be secured additionally by credit enhancement devices, the cost of which, upon a finding of benefit therefrom by the governing body of the issuer, may be paid from the proceeds of the refunding bonds or other lawfully available funds. The refunding bonds may also be secured by a trust agreement or trust indenture by and between the issuer and one or more corporate trustees. Acts 1984, No. 352, §1, eff. July 2, 1984.
LA Rev Stat § 39:1449 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1449. Sale of refunding bonds

RS 1449 - Sale of refunding bonds Refunding bonds may be sold at either public or negotiated sale for such price as may be determined by the governing body of the issuer and approved by the State Bond Commission. Acts 1984, No. 352, §1, eff. July 2, 1984.
LA Rev Stat § 39:1450 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1450. Interest rates of refunding bonds

RS 1450 - Interest rates of refunding bonds Refunding bonds shall bear interest at such rate or rates as are set forth in the resolution or ordinance authorizing the issuance of the bonds but such interest rate or rates shall be governed by the provisions of R.S. 39:1424 and 1424.1. Acts 1984, No. 352, §1, eff. July 2, 1984.
LA Rev Stat § 39:1451 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1451. Publication of resolution or ordinance; peremption

RS 1451 - Publication of resolution or ordinance; peremption A. Any resolution or ordinance authorizing the issuance of refunding bonds shall be published one time in the official journal of the issuer or, if the issuer does not have an official journal, one time in a newspaper of general circulation within the jurisdiction of the issuer; however, it shall not be necessary to publish any exhibits to such resolution or ordinance if the same are available for public inspection and such fact is stated in the publication. B. For thirty days after the date of publication, any person in interest may contest the legality of the resolution or ordinance, any provision of the refunding bonds to be issued pursuant to it, the provisions therein made for the security and payment of the refunding bonds and the validity of all other provisions and proceedings relating to the authorization and issuance of such bonds. C. After the said thirty days, no person may contest the regularity, formality, legality or effectiveness of the resolution or ordinance, any provisions of the refunding bonds to be issued pursuant to it, the provisions for the security and payment of the refunding bonds and the validity of all other provisions and proceedings relating to their authorization and issuance, for any cause whatever. Thereafter, it shall be conclusively presumed that the refunding bonds are legal and that every legal requirement for the issuance of the refunding bonds has been complied with. No court shall have authority to inquire into any of these matters after the said thirty days. Acts 1984, No. 352, §1, eff. July 2, 1984.
LA Rev Stat § 39:1452 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1452. Status of refunding bonds as negotiable instruments; exemption from taxes; legal investments

RS 1452 - Status of refunding bonds as negotiable instruments; exemption from taxes; legal investments All refunding bonds issued pursuant to this Chapter shall be and are hereby made negotiable instruments within the meaning of and for all purposes of the negotiable instruments law of Louisiana, subject only to the provisions of the refunding bonds for registration. All refunding bonds and the income therefrom shall be exempt from all taxation by this state or any political subdivision thereof. The refunding bonds shall be legal and authorized investments for banks, savings banks, insurance companies, homestead and building loan associations, trustees and other fiduciaries and may be used for deposit with any officer, board, municipality or other political subdivision of the state of Louisiana, in any case where, by present or future laws, deposit or security is required. Acts 1984, No. 352, §1, eff. July 2, 1984.
LA Rev Stat § 39:1453 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1453. Use of proceeds of refunding bonds

RS 1453 - Use of proceeds of refunding bonds The proceeds of the sale of any refunding bonds shall be deposited, applied, and disbursed in accordance with the provisions of the resolution or ordinance authorizing the issuance of the refunding bonds. Acts 1984, No. 352, §1, eff. July 2, 1984.
LA Rev Stat § 39:1454 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1454. Refunded bonds not considered outstanding

RS 1454 - Refunded bonds not considered outstanding The refunded bonds shall not be considered outstanding for the purpose of debt limitation laws restricting the amount of bonds that may be issued by any issuer. Acts 1984, No. 352, §1, eff. July 2, 1984.
LA Rev Stat § 39:1455 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1455. Application of provisions

RS 1455 - Application of provisions The powers and rights conferred by this Chapter shall be in addition to the power and rights conferred by any other general or special law. This Chapter does and shall be construed to provide a complete and additional method for the issuance of refunding bonds. No proceeding, notice, or approval shall be required for the issuance of any refunding bonds or any instrument as security therefor, except as provided herein. The provisions of this Chapter shall be liberally construed for the accomplishment of its purposes. Acts 1984, No. 352, §1, eff. July 2, 1984.
LA Rev Stat § 39:1456 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1456. General obligation bond debt limitations; advance refunding

RS 1456 - General obligation bond debt limitations; advance refunding The debt limitation for general obligation bonds issued by any political subdivision in order to advance refund its outstanding debt obligations is hereby established at an amount not greater than one hundred ten percent of the debt limitation otherwise established by law, provided that the term of the debt refunded shall not be extended and the principal and interest payments on the refunding bonds is less in each calendar year than the principal and interest in such calendar year on the outstanding debt being refunded. Acts 1991, No. 178, §1, eff. July 2, 1991.
LA Rev Stat § 39:1460.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1460.1. Definitions

RS 1460.1 - Definitions  As used in this Chapter, the following terms shall have the following meanings:  (1) "Public Entity" means:  (a) Parishes, municipalities, parish and municipal school boards and districts, drainage and land reclamation districts, and all special service districts including but not limited to road, water, sewerage, fire protection, recreation, hospital service, gas utility, and garbage districts;  (b) All other political subdivisions, special authorities, commissions, and boards heretofore or hereafter created by or pursuant to the constitution or statutes of the state, any laws incorporated into or ratified or confirmed by the constitution, or general or special charters of any parish or municipality; and  (c) All other units of local government created by or governed by the governing authorities of parishes or municipalities.  (2) "Securities" means bonds, notes, certificates, or other written obligations for the repayment of borrowed money. NOTE: §1460.1 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 1460.1 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 1986, No. 907, §1, eff. July 10, 1986; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:1461 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1461. Definitions

RS 1461 - Definitions As used in this Chapter, the following terms shall have the following meanings: (1) "Outstanding bonds" means all or any one or more of the following bonds issued directly by the state or by any state board, agency, or commission which may be outstanding at any time: (a) General obligation bonds which are secured by the full faith and credit of the state, which may or may not be payable from the Bond Security and Redemption Fund, including those bonds which are payable primarily from specified portions of specific taxes or other dedicated revenues. (b) Bonds which are not secured by the full faith and credit of the state, but which are payable from dedicated portions of specific state taxes and may or may not be additionally payable from the Bond Security and Redemption Fund. (2) "Refund" means the act of refunding, including readjusting, extending, and unifying outstanding bonds or issues of bonds. (3) "Refunded bonds" means the bonds being refunded by the issuance of refunding bonds. (4) "Government obligations" means direct obligations of or obligations the payment of the principal and interest of which is unconditionally guaranteed by the United States of America. Added by Acts 1978, No. 382, §1, eff. July 12, 1978.
LA Rev Stat § 39:1462 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1462. Refunding bonds authorized

RS 1462 - Refunding bonds authorized The State Bond Commission is hereby authorized to issue refunding bonds, hereinafter referred to as "refunding bonds", for the purpose of providing funds to refund outstanding bonds of the state including, but not by way of limitation, amounts required for principal, interest to the maturity or redemption date, and call premium. If the refunding bonds carry an effective interest rate lower than that borne by the bonds being refunded and result in a net savings to the state after payment of all associated costs, there shall be no limit as to the amount of bonds that may be refunded by the issuance of refunding bonds pursuant to the authority of this Section. Added by Acts 1978, No. 382, §1, eff. July 12, 1978; Acts 1986, No. 1048, §1, eff. Aug. 30, 1986; Acts 1986, 1st Ex. Sess., No. 1, §1, eff. Dec. 16, 1986.
LA Rev Stat § 39:1463 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1463. Status of refunding bonds

RS 1463 - Status of refunding bonds The refunding bonds shall be general obligations of the state of Louisiana, to the payment of which, as to principal, premium, if any, and interest when the same become due and payable, the full faith and credit of the state is hereby irrevocably pledged. The refunding bonds shall be secured by monies pledged, dedicated to, and paid into the Bond Security and Redemption Fund and shall be payable on a parity with all bonds or other obligations heretofore and hereafter issued which are secured by the fund and may be additionally secured by government obligations. Added by Acts 1978, No. 382, §1, eff. July 12, 1978.
LA Rev Stat § 39:1464 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1464. Issuance of refunding bonds

RS 1464 - Issuance of refunding bonds The refunding bonds shall be issued from time to time by the State Bond Commission in its discretion and shall not be limited by the provisions of R.S. 39:1402(D) and (E) or be subject to the provisions of R.S. 39:1365 and R.S. 39:1366. The refunding bonds shall be authorized and issued by a resolution or resolutions of the State Bond Commission and shall be of such series, bear such date or dates, mature at such time or times not exceeding forty years from their respective dates, bear interest at such rate or rates subject to the provisions of Section 1465 of this Title, be in such denominations, be in such form, carry such registration and exchangeability provisions, be payable in such medium of payment and at such place or places, and be subject to such terms of redemption as such resolution or resolutions may provide. The resolution issuing the refunding bonds may provide for the establishment and maintenance of a sinking fund or a special escrow account or accounts for the payment of the principal of, and interest and premium, if any, on any maturities of the refunding bonds, the refunded bonds, or outstanding bonds not to be refunded by such refunding bonds or the payment of any other obligations of the state, contractual or otherwise, and any moneys deposited in such funds or accounts may be invested in government obligations and the maturing principal, interest, or redemption price of such government obligations may be used in the manner provided in such resolution including the securing and payment of all or any portion of the refunding bonds. The bonds shall be signed by either the state treasurer, the assistant treasurer, or the secretary of the State Bond Commission, and the great seal of the state of Louisiana shall be affixed, imprinted, or reproduced on the bonds, attested by the facsimile signature of the secretary of state. Any coupons attached to the bonds shall bear the facsimile signature of either the state treasurer, the assistant state treasurer, or the secretary of the State Bond Commission. The refunding bonds are declared to have the qualities of and are hereby made negotiable instruments under the laws of Louisiana and such bonds and the interest therefrom shall be exempt from income and all other taxation of the state of Louisiana. Added by Acts 1978, No. 392, §1, eff. July 12, 1978.