reglab/housing_qa huggingface dataset:
LA Rev Stat § 39:1412 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1412. Effectuation of R.S. 39:1411

RS 1412 - Effectuation of R.S. 39:1411 Each department, commission, board, institution, agency and political subdivision of the state and the officers thereof which are empowered to extend financial assistance to any program or activity, by way of grant, loan, or contract other than a contract of insurance or guaranty, shall effectuate the provisions of R.S. 39:1411 with respect to such program or activity by issuing rules, regulations, or orders of general applicability which shall be consistent with achievement of the objectives of the statute authorizing the financial assistance in connection with which the action is taken. No such rule, regulation, or order shall become effective unless and until approved by the governor. Compliance with any requirement adopted pursuant to this section may be effectuated by any means authorized by law; provided, however, that no such action shall be taken until the department or agency concerned has advised the appropriate person or persons of the failure to comply with the requirement and has determined that compliance cannot be secured by voluntary means. Added by Acts 1972, No. 540, §1.
LA Rev Stat § 39:1421 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1421. Definitions

RS 1421 - Definitions As used in this Chapter, the following words and terms shall have the meaning hereinafter ascribed to each: (1) "Securities" means bonds, notes, certificates or other written obligations for the repayment of borrowed money, including obligations to refund any of the foregoing. (2) "Public entities" means: (a) state boards, agencies or commissions, 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; (b) all other political subdivisions, special authorities, commissions, public trusts 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. (3) "Credit enhancement devices" means municipal bond insurance, bank guarantees, surety bonds, letters of credit, contracts commonly known as interest rate swap agreements, forward payment conversion agreements, futures or contracts providing for payments based on levels of or changes in interest rates, contracts to exchange cash flows or a series of payments or contracts, including without limitation options, puts or calls to hedge payment, rate, spread, or similar exposure and other devices to enhance the credit quality of securities of public entities. (4) "Revenue bonds" shall mean bonds or other debt obligations 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 a public entity or the use thereof. Acts 1975, 1st Ex.Sess., No. 19, §1, eff. Jan. 28, 1975. Amended by Acts 1980, No. 410, §1, eff. July 18, 1980; Acts 1980, No. 412, §1, eff. July 18, 1980; Acts 1985, No. 727, §1, eff. July 16, 1985; Acts 1989, No. 758, §1; Acts 2001, No. 128, §14, eff. July 1, 2001.
LA Rev Stat § 39:1422 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1422. Legislative intent

RS 1422 - Legislative intent It is the intent of the Legislature in enacting this law to establish uniform provisions relating to maximum interest rates and advertising for bids for public sale of securities of public entities so as to assist public entities in marketing their securities under frequently changing money market conditions over which they have no control. Acts 1975, 1st.Ex.Sess., No. 19, §2, eff. Jan. 28, 1975.
LA Rev Stat § 39:1423 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1423. Application of provisions

RS 1423 - Application of provisions The provisions of this Chapter, relating to maximum interest rates and advertising for bids shall supersede: (1) those provisions of the Louisiana Constitution of 1921 continued as statutes under the authority of Article XIV of the Louisiana Constitution of 1974; and (2) all other laws of the state of Louisiana relating to the issuance of securities by public entities. Acts 1975, 1st Ex.Sess., No. 19, §3, eff. Jan. 28, 1975.
LA Rev Stat § 39:1424 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1424. Maximum interest rates for securities

RS 1424 - Maximum interest rates for securities Notwithstanding any maximum interest rate limitation which may be set forth in any other law, the following shall constitute the maximum interest rates for securities issued by public entities: (1) Notwithstanding any other law to the contrary, for those securities which are required to be authorized at an election, the maximum rate shall be as provided for in the proposition approved at the election, including but not limited to, stating the maximum fixed interest rate therein or incorporating it by reference to applicable state law. (2) For all other securities the maximum interest rate shall be the maximum rate set forth in the resolution or other instrument providing for their issuance adopted by the governing authority of the public entity and approved by the State Bond Commission. Acts 1975, 1st Ex.Sess., No. 19, §4, eff. Jan. 28, 1975. Amended by Acts 1980, No. 413, §1, eff. July 18, 1980; Acts 1985, No. 727, §2, eff. July 16, 1985.
LA Rev Stat § 39:1424.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1424.1. Variable, adjustable, noninterest bearing, or zero interest rate securities

RS 1424.1 - Variable, adjustable, noninterest bearing, or zero interest rate securities A. Notwithstanding any other provision of law to the contrary, public entities are hereby authorized to issue, in addition to fixed interest rate securities, variable interest rate securities or adjustable interest rate securities based upon: (1) a ratio or percentage of prime lending rates of commercial banks, federal fund rates, bank discount rates, yields on United States Treasury obligations, rates paid by banks on certificates of deposit, cost-of-living or price indexes or any combination thereof, or (2) any other type formula or contractual arrangement for the periodic determination of interest rates, all as may be established in the instrument providing for the issuance of such securities and approved by the State Bond Commission. B. Notwithstanding any other provision of law to the contrary, public entities are hereby authorized to issue noninterest bearing securities or securities bearing interest at a rate of zero percent and to sell the same at such price or prices as may be determined by the governing authority of the issuer of such securities. C. Notwithstanding any other provisions of law to the contrary, when variable or adjustable interest rate securities are issued or are proposed to be issued in accordance with this Chapter, for the purpose of calculating or determining the total amount of principal and interest falling due on the securities in any year or the maximum interest rate for those securities which are required to be authorized at an election, public entities may estimate a maximum interest rate and this estimate shall be deemed conclusive. Added by Acts 1980, No. 413, §2, eff. July 18, 1980. Amended by Acts 1982, No. 513, §1, eff. July 22, 1982; Acts 1985, No. 727, §3, eff. July 16, 1985.
LA Rev Stat § 39:1425 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1425. Maximum interest rates for securities previously authorized at an election

RS 1425 - Maximum interest rates for securities previously authorized at an election Any bonds heretofore authorized at an election at which the proposition approved by the electors specified a maximum interest rate higher than the maximum interest rate permitted by laws in effect at the time of said election may be issued at a maximum rate of interest not exceeding the rate set forth in said proposition subject to the approval of the State Bond Commission. Acts 1975, 1st.Ex.Sess., No. 19, §5, eff. Jan. 28, 1975.
LA Rev Stat § 39:1427 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1427. Form in which securities may be issued

RS 1427 - Form in which securities may be issued Notwithstanding any other law to the contrary, securities may be issued in any one or more of the following forms: (a) payable to bearer with coupons attached for the payment of interest, subject to registration as to principal only or as to both principal and interest; and (b) fully registered without coupons which may be subject to conversion into coupon securities. Added by Acts 1977, No. 390, §1, eff. July 10, 1977.
LA Rev Stat § 39:1428 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1428. Price at which securities may be sold

RS 1428 - Price at which securities may be sold A. It is the intent of the legislature to make uniform those portions of existing laws relating to the price at which securities may be sold, it being recognized by the legislature that there are differences in the prices at which securities may be sold in the various existing laws authorizing the issuance of securities. B. Notwithstanding any limitations set forth in any other law relating to the issuance of securities by public entities, all securities may be sold at such price or prices as may be determined by the governing authority of the issuer of such securities provided the issuance of the securities is approved by the State Bond Commission. C. Repealed by Acts 1985, No. 727, §5, eff. July 16, 1985. Added by Acts 1980, No. 252, §1, eff. July 12, 1980. Amended by Acts 1982, No. 513, §1, eff. July 22, 1982; Acts 1985, No. 727, §5, eff. July 16, 1985.
LA Rev Stat § 39:1429 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1429. Credit enhancement, purchase and payment; authorization

RS 1429 - Credit enhancement, purchase and payment; authorization A. It is the intent of the legislature to facilitate the use of credit enhancement devices in connection with the sale of securities only in those instances where it can be financially advantageous to public entities issuing the securities, it being recognized that in certain instances the marketability of securities may be enhanced and interest costs thereon reduced by the use of credit enhancement devices. B. Upon a finding by the governing authority of benefit therefrom, a public entity may enter into contracts with providers of credit enhancement devices respecting any securities issued by these public entities and may pay all the cost thereof from the proceeds of the sale of the securities or from other lawfully available funds. Added by Acts 1980, No. 412, §1, eff. July 18, 1980; Acts 1985, No. 727, §6, eff. July 16, 1985.
LA Rev Stat § 39:1430 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1430. Revenue bonds and security therefor

RS 1430 - Revenue bonds and security therefor A. Notwithstanding any provision of law to the contrary, public entities may issue revenue bonds for any authorized purpose payable out of the income, revenues, and receipts derived or to be derived from the properties and facilities owned, leased, mortgaged, or pledged to, maintained or operated by the public entity or received by the public entity from these properties and facilities, or from contracts or agreements relating to these properties and facilities, including but not limited to lease or sublease agreements, sale agreements, loan agreements, pledge agreements, or other financing agreements, between that public entity or any entity, or from any other sources whatsoever, including but not by way of limitation sales tax revenues, provided annual debt service is not in excess of seventy-five percent of the sales tax revenues estimated to be received in the calendar year the bonds are issued, other monies which, by law or contract, may be made available to the public entity. No filing with respect to the pledge of income and revenues to the payment of revenue bonds issued under the constitution or any statute of this state need be made under Chapter 9 of Title 10 of the Louisiana Revised Statutes of 1950, as amended. B. Nothing contained in this Section is or shall be construed as a restriction or a limitation upon any powers which any public entity might otherwise have under any laws of this state. This Section shall be regarded as supplemental and additional to powers conferred by other laws. Added by Acts 1982, No. 513, §1, eff. July 22, 1982; Acts 1985, §727, §7, eff. July 16, 1985; Acts 1988, No. 619, §1; Acts 1989, No. 137, §14; Acts 1989, No. 598, §4, eff. Sept. 1, 1989. {{NOTE: ACTS 1989, NO. 137, §14 SUPERSEDED BY ACTS 1989, NO. 598, §9.}}
LA Rev Stat § 39:1430.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1430.1. Security interests by public entities

RS 1430.1 - Security interests by public entities Any pledge of and grant of security interest in taxes, income, revenues, monies, loan payments, reimbursement payments, or receipts, including without limitation water, gas, garbage, electricity or sewer charges, fees, receipts, rates, rentals, excess revenues, general fund monies or hospital revenues, or loan agreements, reimbursement agreements, or other financing agreements or related contract rights, made by a public entity in connection with the issuance of securities shall be valid, binding, and perfected from the time when the pledge is made. The taxes, income, revenues, monies, payments, or receipts or agreements or contract rights so pledged and then held or thereafter received by the public entity or any fiduciary shall immediately be subject to the lien of such pledge and security interest without any physical delivery thereof or further act, and the lien of such pledge and security interest shall be first priority and valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the public entity, whether or not such parties have notice thereof. Neither the resolution nor any trust agreement or issuing document by which such pledge and security interest is created need be filed or recorded. No filing with respect to such pledge and security interest made by a public entity need be made under Chapter 9 of the Louisiana Commercial Laws, R.S. 10:9-101 et seq., for the perfection or priority of such pledge and security interest. Acts 2001, No. 128, §14, eff. July 1, 2001; Acts 2004, No. 303, §4.
LA Rev Stat § 39:1431 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1431. Definitions

RS 1431 - Definitions As used in this Chapter, the following terms shall have the meanings ascribed to each: (1) "Fully registered form" means securities which are registered as to the ownership of both the principal, interest, and premium, if any, thereon in any one or more of the following forms: (a) by the utilization of a registrar/transfer agent or by the public entity; (b) a book entry system, whether computerized or otherwise, or other system for recording the ownership of the principal, interest, and premium, if any, that identifies the owner of any interest in securities; (c) a single security representing an entire issue of securities held by a financial institution or other person as trustee or agent with the ownership interest in such security being in fully registered form as provided for in this Chapter; (d) any other form pursuant to which the ownership of and payment of principal, interest, and premium, if any, on securities are registered. (2) "Issuing resolution" means a resolution, ordinance, or other instrument or proceeding providing for the issuance of securities. (3) "Public entities" means: (a) the state of Louisiana and state departments. (b) state boards, agencies, or commissions; parishes; municipalities; parish and municipal school boards and districts; levee boards and districts; port boards and commissions; port, harbor and 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, ambulance, gas utility, and garbage districts. (c) all other political subdivisions, special authorities, public trusts, industrial development boards, 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. (d) all other units of local government created by or governed by the governing authorities of parishes or municipalities. (4) "Securities" means bonds, notes, certificates, or other obligations for the repayment of borrowed money, including obligations to refund any of the foregoing. Added by Acts 1983, 1st Ex. Sess., No. 34, §1, eff. Jan. 19, 1983.
LA Rev Stat § 39:1432 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1432. Legislative intent

RS 1432 - Legislative intent The intent of the Legislature in enacting this Chapter is to establish uniform provisions for the issuance, execution, registration, and transfer of securities of public entities in fully registered form, and to permit such public entities to use the most technologically advanced and efficient techniques for issuance, transfer, and registration processes. Added by Acts 1983, 1st Ex. Sess., No. 34, §1, eff. Jan. 19, 1983.
LA Rev Stat § 39:1433 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1433. Application of provisions

RS 1433 - Application of provisions The provisions of this Chapter shall supersede all other laws of the state of Louisiana relating to the issuance, execution, registration, transfer, and payment of securities of public entities in fully registered form. Added by Acts 1983, 1st Ex. Sess., No. 34, §1, eff. Jan. 19, 1983.
LA Rev Stat § 39:1434 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1434. Issuance, execution, and transfer of fully registered securities

RS 1434 - Issuance, execution, and transfer of fully registered securities A. Notwithstanding any other laws to the contrary, public entities may issue securities in fully registered form and provide for their execution, registration, and transfer in accordance with the terms and conditions prescribed by the issuing resolution. B. Without regard to any other provision of law relating to the signing of securities, including, but not by way of limitation, R.S. 39:473, at the time of their original issuance all securities in fully registered form may be signed with facsimile signatures if provision is also made for a manual authenticating signature by a designated bank or other financial institution or person; however, if no such provision is made for an authenticating signature, all such securities shall be signed with a manual signature of an officer of the issuing entity designated in the issuing resolution. After the original issuance of securities in fully registered form all subsequent transfers thereof need not bear manually subscribed signatures or endorsements. C. Notwithstanding the foregoing, no signature or endorsement by the issuing entity or any other person or state official shall be required upon original issuance or subsequent transfer in the event that a book entry system or similar system is to be utilized for registration, transfer, or exchange of securities in fully registered form in accordance with the issuing resolution. Added by Acts 1983, 1st Ex. Sess., No. 34, §1, eff. Jan. 19, 1983.
LA Rev Stat § 39:1435 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1435. Contractual services; exemption; payment

RS 1435 - Contractual services; exemption; payment  A. Public entities may contract for the services of a financial institution or other person, located in or out of the state, to perform any or all of the following functions with respect to an issue of fully registered securities and such contractual arrangement shall be exempt from the public contracts law, R.S. 38:2181 through 2317, and the Louisiana Procurement Code, R.S. 39:1551 through 1755:  (a) authentication, transfer, registration, exchange, mechanical, clerical functions, and any other duty or function of a ministerial, record keeping, or mechanical nature relating to the issuance of securities;  (b) record or bookkeeping or book entry functions;  (c) preparation, signing, and issuance of checks or warrants in payment of debt service or other obligations of the public entity issuing the securities;  (d) preparation and maintenance of reports and accounts;  (e) performance of other duties related to the issuance and payment of the securities.  B. The cost of said functions, whether incurred under a contract or through direct performance by the issuing public entity, may be paid from the proceeds of the sale of the securities or from other funds lawfully available for such purpose.  C. The records of ownership, registration, transfer, and exchange of the aforesaid registered securities and of persons to whom payment with respect to such securities is made shall be exempt from the public records law, Title 44 of the Louisiana Revised Statutes.  Added by Acts 1983, 1st Ex. Sess., No. 34, §1, eff. Jan. 19, 1983.
LA Rev Stat § 39:1436 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1436. Pledge and assignment of registered securities

RS 1436 - Pledge and assignment of registered securities Any form provided for in this Chapter to fully register securities may include a method of registering pledges or assignments of the securities, and such registration shall effect delivery and notification of the pledged or assigned securities as required by law. Acts 1983, No. 699, §1.
LA Rev Stat § 39:1437 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1437. Registration requirements

RS 1437 - Registration requirements Notwithstanding any other law to the contrary, securities in fully registered form, other than general obligation and sales tax bonds, need not be registered with any state, parish, or local department, agency, or official. General obligation and sales tax bonds, except those issued in fully registered form using a book entry system, shall, upon the original issuance thereof only, continue to be registered with the Secretary of State in accordance with R.S. 39:911 and R.S. 39:698.9. Any other statutes requiring registration of securities with any state, parish, or local official or state, parish, or local agency or department shall not be applicable to any securities of public entities. Acts 1983, No. 699, §1.