reglab/housing_qa huggingface dataset:
LA Rev Stat § 39:99.9 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.9. Exemption from taxation

RS 99.9 - Exemption from taxation The exercise of the powers and authorities granted by this Subpart shall be in all respects for the benefit of the citizens of the state of Louisiana and for the promotion of their welfare, convenience and prosperity. Property of the corporation, whether immovable, personal, tangible or intangible, and the income, earnings and operations of the corporation, shall be exempt from all taxation, fees or assessments, or any other similar charges. Acts 2001, No. 1145, §1.
LA Rev Stat § 39:99.10 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.10. Bankruptcy

RS 99.10 - Bankruptcy Prior to the date that is one year and one day after which the corporation no longer has any bonds outstanding, the corporation is prohibited from filing and shall have no authority to file a voluntary petition under the federal bankruptcy code as it may, from time to time, be in effect, and neither any public official nor any organization, entity or other person shall authorize the corporation to be or to become a debtor under the federal bankruptcy code during such period. The provisions of this Section shall be part of any contractual obligation owed to the holders of bonds issued under this Subpart. Any such contractual obligation shall not subsequently be modified by state law during the period of the contractual obligation, and the state of Louisiana hereby covenants with the holders that the state shall not limit or alter the denial of authority under this Section during the period referred to in the first sentence hereof. Acts 2001, No. 1145, §1.
LA Rev Stat § 39:99.11 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.11. Exclusive jurisdiction and venue; service of process; bond validation actions

RS 99.11 - Exclusive jurisdiction and venue; service of process; bond validation actions The Nineteenth Judicial District Court for the state of Louisiana shall have exclusive jurisdiction and venue of any suit or action of any nature brought by or against the corporation. Any suit or action to determine or contest the validity of bonds of the corporation shall be brought and conducted only in accordance with La. R.S. 13:5121, et seq. Acts 2001, No. 1145, §1.
LA Rev Stat § 39:99.13 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.13. Ownership of tobacco assets and tobacco settlement payments

RS 99.13 - Ownership of tobacco assets and tobacco settlement payments On and after the effective date of each sale of tobacco assets, the state of Louisiana shall have no right, title or interest in or to the tobacco assets sold and conveyed; and the tobacco settlement payments shall be property of the corporation and not of the state, and shall be owned, received, held and disbursed by the corporation or the indenture trustee and not the state or the state treasury. On or before the closing date and the effective date of any subsequent sale, the state through the attorney general shall notify the escrow agent and the independent auditor under the master settlement agreement that the tobacco assets have been sold and conveyed to the corporation, irrevocably instruct such escrow agent and independent auditor that, subsequent to the closing date or other effective date, the tobacco settlement payments are to be paid directly to the corporation or to the indenture trustee or other designee for the account of the corporation, and take such other actions necessary and appropriate to effectuate such notice and instruction. Acts 2001, No. 1145, §1.
LA Rev Stat § 39:99.15 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.15. Security for payment of bonds; provisions of trust indenture or resolution

RS 99.15 - Security for payment of bonds; provisions of trust indenture or resolution A. In the discretion of the board, any bonds issued, and any ancillary contracts or swaps made under the provisions of this Subpart, may be secured by a trust indenture by and between the corporation and the indenture trustee, which may be any trust company or bank having the powers of a trust company, whether located within or without the state. Such trust indenture, or the resolution of the board providing for the issuance of such bonds, may: (1) Pledge or assign all or any part of the income or other assets of the corporation available for such purpose. (2) Provide for the creation and maintenance of such reserves as the board shall determine to be proper. (3) Include covenants setting forth the duties of the corporation in relation to the bonds, the income of the corporation, the related agreement and the tobacco assets. (4) Contain provisions respecting the custody, safeguarding and application of all monies and securities and such provisions for protecting and enforcing the rights and remedies (pursuant thereto and to the related agreement) of the holders and other beneficiaries as may be reasonable and proper and not in violation of law. (5) Contain such other provisions as the corporation may deem reasonable and proper for priorities and subordination among the holders and other beneficiaries. Any reference in this Subpart to a resolution of the board shall include any trust indenture authorized thereby. B. Any pledge or security interest made by the corporation shall be valid and binding from the time when the pledge or security interest is made. The income or other assets so pledged and then or thereafter received by the corporation shall immediately be subject to the lien of such pledge or security interest without any physical delivery thereof or further act, and the lien of any such pledge or security interest shall be valid and binding as against all parties asserting or having claims of any kind in tort, contract or otherwise against the corporation, irrespective of whether such parties have notice thereof. Neither the resolution nor any other instrument by which a pledge or security interest is created need be recorded or filed to perfect such pledge or security interest. C. Whether or not the bonds are of such form and character as to be negotiable instruments under the provisions of the Uniform Commercial Code, the bonds are hereby made negotiable instruments for all purposes, subject only to the provisions of the bonds for registration. Acts 2001, No. 1145, §1.
LA Rev Stat § 39:99.16 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.16. Ancillary contracts and swaps

RS 99.16 - Ancillary contracts and swaps A. The corporation may enter into, amend, or terminate, as it determines to be necessary or appropriate, any ancillary contracts (i) to facilitate the issuance, sale, resale, purchase, repurchase, or payments of bonds, including without limitation bond insurance, letters of credit and liquidity facilities, or (ii) to attempt to hedge risk or achieve a desirable effective interest rate or cash flow, subject to approval of the State Bond Commission and the Joint Legislative Committee on the Budget. The determination of the board, so approved, that an ancillary contract or the amendment or termination thereof is necessary or appropriate as aforesaid shall be conclusive. Such contracts shall be made upon the terms and conditions established by the board and approved by the State Bond Commission and the Joint Legislative Committee on the Budget, including without limitation provisions as to security, default, termination, payment, remedy and consent to service of process. B. The corporation may enter into, amend or terminate, any swap contract that it determines to be necessary or appropriate to place the obligations or investments of the corporation, as represented by the bonds or the investment of their proceeds, in whole or in part, on the interest rate, cash flow or other basis desired by the board, which contract may include without limitation contracts commonly known as interest rate swap agreements, and futures or contracts providing for payments based on levels of, or changes in, interest rates, subject to approval of the State Bond Commission. These contracts or arrangements may be entered into by the corporation, subject to approval of the State Bond Commission and the Joint Legislative Committee on the Budget, in connection with, or incidental to, entering into, or maintaining any (i) agreement which secures bonds or (ii) investment or contract providing for investment otherwise authorized by law. The determination of the board, so approved, that a swap contract or the amendment or termination thereof is necessary or appropriate as aforesaid shall be conclusive. These contracts and arrangements may contain such payment, security, default, remedy, and other terms and conditions as determined by the board and approved by the State Bond Commission and the Joint Legislative Committee on the Budget, after giving due consideration to the creditworthiness of the counterparty or other obligated party, including any rating by any nationally recognized rating agency, and any other criteria as may be appropriate. Acts 2001, No. 1145, §1.
LA Rev Stat § 39:99.17 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.17. Bonds exempt from taxation

RS 99.17 - Bonds exempt from taxation The bonds, their transfer and the income therefrom, including any profit made on the sale thereof, shall at all times be free and exempt from taxation by the state of Louisiana and by any other political subdivision of the state. Acts 2001, No. 1145, §1.
LA Rev Stat § 39:99.18 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.18. Bond and other proceeds received by the state

RS 99.18 - Bond and other proceeds received by the state All proceeds and monies received by the state, whether received as purchase price for the tobacco assets sold or as the residual interests or in any other way pursuant to this Subpart, shall be deposited in and credited to the Millennium Trust except as provided in R.S. 39:99.12B.(3). Acts 2001, No. 1145, §1.
LA Rev Stat § 39:99.19 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.19. Pledge and agreement

RS 99.19 - Pledge and agreement The state covenants and agrees with the corporation, and the holders of the bonds in which the corporation has included such pledge and agreement, that the state will (i) irrevocably direct the escrow agent and independent auditor under the master settlement agreement to transfer all conveyed tobacco settlement payments directly to the corporation or its assignee, (ii) enforce the corporation's rights to receive the tobacco settlement payments to the full extent permitted by the terms of the master settlement agreement, (iii) not amend the master settlement agreement in any manner that would materially impair the rights of the holders, (iv) not limit or alter the rights of the corporation to fulfill the terms of its agreements with such holders, and (v) not in any way impair the rights and remedies of such holders or the security for such bonds until such bonds, together with the interest thereon and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully paid and discharged. Acts 2001, No. 1145, §1.
LA Rev Stat § 39:99.20 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.20. Construction and effect

RS 99.20 - Construction and effect This Subpart and all powers granted hereby shall be liberally construed to effectuate its and their purposes, without implied limitations thereon. This Subpart shall constitute full and complete authority for all things herein contemplated to be done. All rights and powers herein granted shall be cumulative with those derived from other sources and shall not, except as expressly stated herein, be construed in limitation thereof. Insofar as the provisions of this Subpart are inconsistent with the provisions of any other law, general or special, the provisions of this Subpart shall be controlling. If a provision of this Subpart or its application is held invalid, the invalidity shall not affect other provisions or application of this Subpart which can be given effect without the invalid provisions or application. Acts 2001, No. 1145, §1.
LA Rev Stat § 39:99.26 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.26. Title

RS 99.26 - Title This Subpart shall be known and may be cited as the "Coastal Protection and Restoration Financing Corporation". Acts 2007, No. 249, §1, eff. July 6, 2007.
LA Rev Stat § 39:99.28 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.28. Corporation created; domicile; fiscal year

RS 99.28 - Corporation created; domicile; fiscal year The corporation is created as a special purpose, public corporate entity, an instrumentality independent of the state. The corporation shall be a public corporate body, intended, created and empowered to effectuate only the purposes set forth in this Subpart, and shall have a legal existence, separate and distinct from the state of Louisiana. The domicile of the corporation shall be East Baton Rouge Parish. The corporation shall operate on a fiscal year basis commencing on July first and ending on June thirtieth of each year. Acts 2007, No. 249, §1, eff. July 6, 2007.
LA Rev Stat § 39:99.31 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.31. Corporate existence; dissolution

RS 99.31 - Corporate existence; dissolution The corporation shall have perpetual existence; provided, however, the board shall dissolve and terminate the existence of the corporation no later than two years after the date of final payment of all outstanding bonds and the payments or satisfaction of all other outstanding obligations and liabilities of the corporation, except to the extent necessary to remain in existence, and only for such additional time, as shall be necessary to fulfill any outstanding covenants or agreements with holders or other parties made in accordance with the provisions of this Subpart. Upon dissolution of the corporation, title to all assets and properties of the corporation shall vest in and become the property of the state of Louisiana and shall be deposited in and credited to the Coastal Protection and Restoration Fund, and the corporation shall execute all necessary conveyances, assignments or other documents to establish and evidence such transfer and ownership, including all conveyances or assignments of all rights, title and interest to the offshore royalty revenues. Acts 2007, No. 249, §1, eff. July 6, 2007.
LA Rev Stat § 39:99.32 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.32. Staff; counsel; assistance by state officers, departments and agencies; auditors; consultants

RS 99.32 - Staff; counsel; assistance by state officers, departments and agencies; auditors; consultants A. The staff of the Department of the Treasury, including that of the State Bond Commission, may, pursuant to a cooperative endeavor agreement, serve as staff to the corporation under the supervision of the state treasurer. B. The attorney general shall, pursuant to a cooperative endeavor agreement, serve as counsel to the corporation, and subject to approval of the State Bond Commission and the attorney general, the corporation may employ or retain such other attorneys as it may deem necessary and fix their compensation. C. State officers, departments and agencies may render support and services to the corporation within their respective functions, as requested by the corporation. D. The books and accounts of the corporation shall be subject to audit not less than annually by the legislative auditor in accordance with R.S. 24:513. The corporation shall submit to the governor, the attorney general and the Legislative Audit Advisory Council, within thirty days of its receipt, a copy of every final external audit of the books and accounts of the corporation, other than copies of the reports of examinations of the legislative auditor. E. The corporation may employ or retain such professionals, consultants, agents, financial advisers and accountants as it may deem necessary to carry out its duties under this Subpart and, the provisions of any other law to the contrary notwithstanding, may determine their duties and compensation subject only to the approval of the State Bond Commission. F. The corporation shall be subject to the Code of Governmental Ethics (R.S. 42:1101, et seq.), the Open Meetings Law (R.S. 42:11, et seq.), the Public Records Law (R.S. 44:1, et seq.), and the Bond Validation Procedures Law (R.S. 13:5121, et seq.). Acts 2007, No. 249, §1, eff. July 6, 2007.
LA Rev Stat § 39:99.33 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.33. Exemption from taxation

RS 99.33 - Exemption from taxation The exercise of the powers and authorities granted by this Subpart shall be in all respects for the benefit of the citizens of the state of Louisiana and for the promotion of their welfare, convenience and prosperity. Property of the corporation, whether immovable, personal, tangible or intangible, and the income, earnings and operations of the corporation, shall be exempt from all taxation, fees or assessments, or any other similar charges. Acts 2007, No. 249, §1, eff. July 6, 2007.
LA Rev Stat § 39:99.34 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.34. Bankruptcy

RS 99.34 - Bankruptcy Prior to the date that is one year and one day after which the corporation no longer has any bonds outstanding, the corporation is prohibited from filing and shall have no authority to file a voluntary petition under the federal bankruptcy code as it may, from time to time, be in effect, and neither any public official nor any organization, entity or other person shall authorize the corporation to be or to become a debtor under the federal bankruptcy code during such period. The provisions of this Section shall be part of any contractual obligation owed to the holders of bonds issued under this Subpart. Any such contractual obligation shall not subsequently be modified by state law during the period of the contractual obligation, and the state of Louisiana hereby covenants with the holders that the state shall not limit or alter the denial of authority under this Section during the period referred to in the first sentence hereof. Acts 2007, No. 249, §1, eff. July 6, 2007.
LA Rev Stat § 39:99.35 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.35. Exclusive jurisdiction and venue; service of process; bond validation actions

RS 99.35 - Exclusive jurisdiction and venue; service of process; bond validation actions The Nineteenth Judicial District Court for the state of Louisiana shall have exclusive jurisdiction and venue of any suit or action of any nature brought by or against the corporation. Any suit or action to determine or contest the validity of bonds of the corporation shall be brought and conducted only in accordance with Louisiana R.S. 13:5121, et seq. Acts 2007, No. 249, §1, eff. July 6, 2007.
LA Rev Stat § 39:99.36 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.36. Sale of offshore royalty revenue assets

RS 99.36 - Sale of offshore royalty revenue assets A. The State Bond Commission subject to approval of the Joint Legislative Committee on the Budget and subject to approval by a majority vote of the legislature if the legislature is in session and by mail ballot during the interim, is authorized to sell and convey, from time to time, a portion of the state allocation to the corporation, up to one hundred percent thereof from and after such date, and, in particular, to execute and deliver an agreement on the closing date. The agreement shall provide, among other matters, that the purchase price payable by the corporation to the state for the offshore assets sold, up to one hundred percent of the state allocation from and after such date, shall consist of the net proceeds, after financing costs, of the first issue of Offshore Royalty Revenue bonds and the residual interests to be paid and transferred semiannually pursuant to the provisions of this Subpart. B. Any sale of Offshore Royalty Revenue assets hereunder shall be treated as a true sale and absolute conveyance and transfer of the property, and all of the right, title and interest in and to such property, so conveyed and transferred, and not as a pledge or any other security interest or lien for borrowing. The characterization of such a sale as an absolute transfer by the parties and herein shall not be negated or adversely affected if less than all of the state allocation is conveyed and transferred, nor by the state's acquisition of residual interests or a subordinate interest in the Offshore Royalty Revenue assets, nor by any characterization of the corporation or its bonds for purposes of accounting, taxation or securities regulation, nor by any other factor whatsoever. Acts 2007, No. 249, §1, eff. July 6, 2007.
LA Rev Stat § 39:99.37 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§99.37. Ownership of Offshore Royalty Revenue assets and Offshore Royalty Revenue payments

RS 99.37 - Ownership of Offshore Royalty Revenue assets and Offshore Royalty Revenue payments On and after the effective date of each sale of Offshore Royalty Revenue assets, the state of Louisiana shall have no right, title or interest in or to the Offshore Royalty Revenue assets sold and conveyed; and the Offshore Royalty Revenue payments shall be property of the corporation and not of the state, and shall be owned, received, held and disbursed by the corporation or the indenture trustee and not the state or the state treasury. On or before the closing date and the effective date of any subsequent sale, the state, through, the attorney general shall notify the Department of the Interior or any successor agency that the Offshore Royalty Revenue assets have been sold and conveyed to the corporation, irrevocably instruct such Department of the Interior or any successor agency that, subsequent to the closing date or other effective date, the Offshore Royalty Revenue payments are to be paid directly to the corporation or to the indenture trustee or other designee for the account of the corporation, and take such other actions necessary and appropriate to effectuate such notice and instruction. Acts 2007, No. 249, §1, eff. July 6, 2007.