reglab/housing_qa huggingface dataset:
LA Rev Stat § 3:262 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§262. Legislative findings

RS 262 - Legislative findings A. The legislature hereby finds and declares that there exists in the state of Louisiana a serious shortage of capital and credit available for investment in agriculture, for domestic and export purposes, at interest rates within the financial means of persons engaged in agricultural production and agricultural exports. In conjunction with the financial problems associated with the agricultural industry there exists a need to provide economic assistance to those individuals who wish to convert their farming operation to the development of aquacultural products of a seafood nature for domestic and export purposes. In addition, there exists a need to provide economic assistance to persons who wish to engage in mariculture projects. This shortage of available capital and credit is severe throughout the state, has persisted for a number of years, and constitutes a grave threat to the agricultural industry and to the health, welfare, safety, and prosperity of all residents of the state. B. The legislature hereby finds and declares further that private enterprise and existing federal and state governmental programs have not adequately alleviated the severe shortage of capital and credit available at affordable interest rates for investment in agriculture or in the conversion to aquaculture or for investment in mariculture projects. C. The legislature hereby finds and declares that it is a matter of grave public necessity that the Louisiana Agricultural Finance Authority be created and empowered to alleviate the severe shortage of capital and credit available at affordable interest rates for investment in agriculture, including buildings and related facilities used by the Department of Agriculture and Forestry to promote and assist agriculture and forestry within this state, and for the export of agricultural products, commodities, and services, and for capital investment in converting to aquacultural farming, and for capital investment in mariculture projects by providing such capital and credit at interest rates within the financial means of persons and businesses engaged in agriculture and agricultural exports. D. The legislature hereby finds that in order to convert Louisiana from an exporter of raw agricultural products into an exporter of processed products of high added value and to expand the state's economic base, it is necessary that the state encourage and support the development of agricultural plants to process products in this state. It is necessary for the state to develop and enhance its capacity to process agricultural products in Louisiana including providing financial assistance to any person who owns, leases, or operates, or is seeking to own, lease, or operate an agricultural plant in this state. Added by Acts 1983, No. 96, §1, eff. July 23, 1983. Acts 1987, No. 502, §1; Acts 1987, No. 856, §1, eff. July 20, 1987; Acts 2003, No. 230, §1, eff. June 5, 2003; Acts 2009, No. 510, §1, eff. July 10, 2009.
LA Rev Stat § 3:265 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§265. Officers and employees; administration of Chapter

RS 265 - Officers and employees; administration of Chapter A. The members of the Authority shall annually elect a chairman, a vice chairman, and such officers as they may deem advisable. All officers shall be members of the Authority. B. The Authority, subject to the approval of the commissioner, may appoint a director and an assistant director and a director of the agriculture loan program and an assistant director of the agriculture loan program who shall be in the unclassified service of the state. C. The commissioner shall administer and enforce this Chapter in accordance with rules and regulations promulgated by the Authority. The commissioner may employ such personnel as may be necessary to administer and enforce the provisions of this Chapter. All employees shall be under the supervision of the commissioner. D. The Authority may employ legal, financial and technical experts and consultants as it deems necessary on a contractual basis. Added by Acts 1983, No. 96, §1, eff. July 23, 1983; Acts 2009, No. 510, §1, eff. July 10, 2009.
LA Rev Stat § 3:267 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§267. Purchases and sales of agricultural loans

RS 267 - Purchases and sales of agricultural loans  The Authority may purchase or contract to purchase and sell or contract to sell agricultural loans made by lending institutions, at such prices and upon such terms and conditions as it shall determine in accordance with rules or regulations adopted pursuant to the Administrative Procedure Act (R.S. 49:950 et seq.). All lending institutions are hereby authorized to purchase and sell agricultural loans to the Authority in accordance with the provisions of this Chapter and the rules and regulations of the Authority. To the extent that any provisions of this Section may be inconsistent with any provision of law governing lending institutions, the provisions of this Section shall control.  Added by Acts 1983, No. 96, §1, eff. July 23, 1983.
LA Rev Stat § 3:268 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§268. Loans to and deposits with lending institutions

RS 268 - Loans to and deposits with lending institutions  The Authority may make, or contract to make, loans to and deposits with lending institutions at such interest rates, terms and conditions as it shall determine in accordance with rules or regulations adopted pursuant to the Administrative Procedure Act (R.S. 49:950 et seq.). All lending institutions are hereby authorized to borrow funds and accept deposits from the Authority in accordance with the provisions of this Chapter and the rules and regulations of the Authority. The Authority shall require that all proceeds of its loans to or deposits with lending institutions, or an equivalent amount, shall be used by such lending institutions to make agricultural loans, subject to such terms and conditions as the Authority may prescribe. To the extent that any provisions of this Section may be inconsistent with any provision of the law governing lending institutions, the provisions of this Section shall control.  Added by Acts 1983, No. 96, §1, eff. July 23, 1983.
LA Rev Stat § 3:269 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§269. Insurance of agricultural loans

RS 269 - Insurance of agricultural loans  A. The Authority is hereby authorized to insure and reinsure agricultural loans made by lending institutions, subject to the terms, conditions, limitations, collateral and security provisions, and reserve requirements as shall be determined by the Authority in accordance with the rules and regulations adopted by the Authority pursuant to the Administrative Procedure Act (R.S. 49:950 et seq.).  B. Unless otherwise determined by the Authority, insurance of agricultural loans shall be in the amount of one hundred percent of the unpaid principal and interest on each loan.  C. An insured agricultural loan shall be in default when the holder of such loan makes application to the Authority for payment of insurance on such loan stating that such loan is in default in accordance with the terms of any agreement with respect to such insurance executed pursuant to this Section.  D. The Authority may enter into agreements with any person, lending institution, or holder of an insured agricultural loan upon such terms as may be agreed upon between the Authority and such person, lending institution, or holder, to provide for the administration, applications therefor, repayment thereof, and to establish the conditions for payment of insurance by the Authority, and the servicing, suit upon, or foreclosure of insured agricultural loans.  E. The aggregate value of all agricultural loans insured by the Authority and outstanding at any one time shall not exceed twenty times the total value of funds, investments, properties, and other assets of the Authority except that this insurance may be further expanded by use of federal, state, or private loan insurance, reinsurance, or guarantees of which the Authority is or shall become the beneficiary.  Added by Acts 1983, No. 96, §1, eff. July 23, 1983.
LA Rev Stat § 3:271 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§271. Statutory pledge

RS 271 - Statutory pledge  Any pledge made by the Authority shall be valid and binding from time to time when the pledge is made. The money, assets, or revenues of the Authority so pledged and thereafter received by the Authority shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any pledge shall be valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the Authority, irrespective of whether such parties have notice thereof. Neither the resolution nor any other instrument by which a pledge is created need be recorded or filed in order to establish and perfect a lien or security interest in the property so pledged by the Authority.  Added by Acts 1983, No. 96, §1, eff. July 23, 1983.
LA Rev Stat § 3:272 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§272. Refunding bonds

RS 272 - Refunding bonds  Subject to the rights of the holders of the bonds of the Authority, the Authority is hereby authorized and empowered to issue from time to time its bonds for the purpose of refunding any bonds of the Authority then outstanding, together with the payment of any redemption premiums thereon and interest accrued or to accrue to the date of redemption of such outstanding bonds. All such refunding bonds of the Authority shall be issued, sold, or exchanged, and delivered, shall be secured, and shall be subject to the provisions of this Chapter in the same manner and to the same extent as any other bonds issued by the Authority pursuant to this Chapter, unless otherwise determined by resolution of the Authority. Refunding bonds issued by the Authority as herein provided may be sold or exchanged for outstanding bonds of the Authority and, if sold, the proceeds thereof may be applied, in addition to any other authorized purposes, to the purchase, redemption, or payment of such outstanding bonds.  Added by Acts 1983, No. 96, §1, eff. July 23, 1983.
LA Rev Stat § 3:273 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§273. Purchase of bonds by Authority

RS 273 - Purchase of bonds by Authority  Subject to the rights of holders of bonds, the Authority shall have the power out of any funds available therefor, to purchase bonds of the Authority, which shall thereupon be cancelled, at a price not exceeding:  (1) If the bonds are then subject to optional redemption, the optional redemption price then applicable plus accrued interest to the next interest payment date thereon; or  (2) If the bonds are not then subject to optional redemption, the optional redemption price applicable on the first date after such purchase upon which the notes or bonds become subject to optional redemption plus accrued interest to such date.  Added by Acts 1983, No. 96, §1, eff. July 23, 1983.
LA Rev Stat § 3:274 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§274. Approval of issuance of bonds by State Bond Commission

RS 274 - Approval of issuance of bonds by State Bond Commission The approval of the State Bond Commission shall be obtained prior to the issuance of any bonds of the Authority. However, before the Authority shall make application to the State Bond Commission for the issuance of any bonds in the amount of five million dollars or more, it shall first seek the approval of the Joint Legislative Committee on the Budget for such borrowing. No notice to, or consent or approval by any other governmental body or public officer shall be required as a prerequisite to the issuance, sale, or delivery of any bonds of the Authority, or to the making of any loans or deposits by the Authority to lending institutions, or to the purchase or sale of agricultural loans by the Authority, or to the insurance by the Authority of any agricultural loan, or to the exercise of any other public function or corporate power of the Authority, except as is expressly provided in this Chapter. Added by Acts 1983, No. 96, §1, eff. July 23, 1983; Acts 2009, No. 510, §1, eff. July 10, 2009.
LA Rev Stat § 3:275 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§275. Exemption from taxes

RS 275 - Exemption from taxes  It is hereby determined that the creation of the Authority and the carrying out of its public functions and corporate purposes is, in all respects, a public and governmental purpose for the benefit of the people of the state, and for the improvement of their health, safety, welfare, prosperity, and security, and that said functions and purposes are public purposes and that the Authority will be performing an essential governmental function in the exercise of the powers conferred upon it by this Chapter. The money, assets, revenues, and operations of the Authority shall be exempt from all taxation by the state or any of its political subdivisions. The Authority shall not be required to pay any recording fee or transfer tax of any kind on account of instruments recorded by it or on its behalf. All bonds authorized to be issued by the Authority pursuant to the provisions of this Chapter, together with interest thereon, income therefrom, and gain upon the sale thereof shall be exempt from all state and local taxes.  Added by Acts 1983, No. 96, §1, eff. July 23, 1983.
LA Rev Stat § 3:276 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§276. Covenant of state

RS 276 - Covenant of state  In consideration of the acceptance of and payment for the bonds of the Authority by the holders thereof, the state does hereby pledge to and agree with the holders of any bonds of the Authority issued pursuant to the provisions of this Chapter, that the state will not impair, limit, or alter the rights hereby vested in the Authority to fulfill the terms of any agreements made with the holders of the bonds of the Authority, or in any way impair the rights or remedies of such holders thereof, until such bonds, together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceedings by or on behalf of such holders, are fully met and discharged. The Authority is authorized to include this pledge and agreement of the state in any agreement with the holders of bonds of the Authority.  Added by Acts 1983, No. 96, §1, eff. July 23, 1983.
LA Rev Stat § 3:277 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§277. Trust funds

RS 277 - Trust funds  Subject to the exceptions contained in Article VII, Section 9 of the Constitution of Louisiana, all funds received by the authority shall be deposited immediately upon receipt in the state treasury and shall be credited to the Bond Security and Redemption Fund. After a sufficient amount is allocated from the fund to pay all obligations secured by the full faith and credit of the state which become due and payable within any fiscal year, the state treasurer, prior to placing the remaining funds in the state general fund, shall pay an amount equal to the total amount of funds paid into the state treasury by the authority into a special fund which is hereby created in the state treasury and designated as the Louisiana Agricultural Finance Authority Fund. The monies in the Louisiana Agricultural Finance Authority Fund shall be used solely for the programs and purposes of the authority and only in the amount appropriated each year to the authority by the legislature. All unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund. The monies in the fund shall be invested by the state treasurer in the same manner as monies in the state general fund. All interest earned from the investment of the monies in the Louisiana Agricultural Finance Authority Fund shall be deposited in that fund.  Added by Acts 1983, No. 96, §1, eff. July 23, 1983; Acts 1985, No. 68, §1
LA Rev Stat § 3:278 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§278. Bonds as legal investment and security for public deposits

RS 278 - Bonds as legal investment and security for public deposits  The state and all public officers, any parish, municipality, or other subdivision or instrumentality of the state, any bank, banker, trust company, savings bank and institution, building and loan association, savings and loan association, investment company or any person carrying on a banking or investment business, any insurance company or business, insurance associations, and any person carrying on an insurance business, and any executor, administrator, curator, trustee, and other fiduciary, and retirement system or pension fund may legally invest any sinking funds, monies or other funds belonging to them or within their control in any bonds issued by the Authority pursuant to the provisions of this Chapter, and such bonds shall be authorized security for all public deposits. It is the purpose of this Section to authorize such persons, firms, corporations, associations, political subdivisions and officers, or other entities, public or private, to use any funds owned or controlled by them, including, but not limited to, sinking, insurance, investment, retirement, compensation, pension and trust funds, and funds held on deposit for the purchase of any such bonds of the Authority, and that any such bonds shall be authorized security for all public deposits. However, nothing contained in this Section with regard to legal investments or security for public deposits shall be construed as relieving any such person, firm, or corporation or other entity from any duty of exercising reasonable care in selecting securities.  Added by Acts 1983, No. 96, §1, eff. July 23, 1983.
LA Rev Stat § 3:279 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§279. Account and audits

RS 279 - Account and audits  A. Subject to the provisions of any contract with the holders of its bonds, the Authority shall establish a system of accounts.  B. The Authority shall be subject to audit by the legislative auditor. The Authority may cause an independent audit to be prepared annually. Any such independent audit shall be subject to the authority of the legislative auditor to prescribe and approve the terms and conditions of such audit as provided in R.S. 24:513.  C. Within six months after the end of each fiscal year, the Authority shall submit to the governor and to both houses of the legislature an annual report on the operations of the Authority. Within sixty days after receipt thereof, the Authority shall submit to the governor and to both houses of the legislature a copy of the report of every audit of the books and accounts of the Authority.  Added by Acts 1983, No. 96, §1, eff. July 23, 1983.
LA Rev Stat § 3:280 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§280. Cooperation of state agencies

RS 280 - Cooperation of state agencies  All state officers and agencies are authorized to render such services to the Authority within their respective functions as may be requested by the Authority.  Added by Acts 1983, No. 96, §1, eff. July 23, 1983.
LA Rev Stat § 3:281 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§281. Suits to determine validity of bonds

RS 281 - Suits to determine validity of bonds  Any suit to determine the validity of bonds of the Authority shall be brought only in accordance with R.S. 13:5121 et seq.  Added by Acts 1983, No. 96, §1, eff. July 23, 1983.
LA Rev Stat § 3:282 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§282. Construction of Chapter

RS 282 - Construction of Chapter  This Chapter, being necessary for the welfare of the state and its residents, shall be liberally construed to effect the purposes thereof.  Added by Acts 1983, No. 96, §1, eff. July 23, 1983.
LA Rev Stat § 3:283 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§283. Termination of the Authority

RS 283 - Termination of the Authority  In the event of the termination of the Authority, all of its rights, money, assets, and revenues in excess of its obligations shall be deposited in the state general fund.  Added by Acts 1983, No. 96, §1, eff. July 23, 1983.
LA Rev Stat § 3:283.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§283.1. Transfer; State Market Commission

RS 283.1 - Transfer; State Market Commission A. All employees of the office of marketing and agro-economic development are transferred to the office of management and finance. B. All funds appropriated to the State Market Commission shall be transferred to the Louisiana Agricultural Finance Authority. C. Any appropriation for Fiscal Year 2009 - 2010 to the office of marketing and agro-economic development shall be deemed to be appropriated to the office of management and finance within the Department of Agriculture and Forestry. D. All property and facilities owned and operated by, leased by or for the State Market Commission are transferred to the Louisiana Agricultural Finance Authority. E. All unfinished business of the State Market Commission shall be completed by, all references in laws and refer to, and all obligations of that office shall be administered by the Louisiana Agricultural Finance Authority. All legal proceedings of the State Market Commission shall be continued in the name of the State Market Commission and further proceedings shall be in the name of Louisiana Agricultural Finance Authority without the necessity for amendment of any document. Acts 2009, No. 24, §1, eff. June 12, 2009.
LA Rev Stat § 3:291 (2021)
2021 Louisiana Laws|Revised Statutes|Title 3 - Agriculture and Forestry|§291. Legislative findings and purpose

RS 291 - Legislative findings and purpose Louisiana residents rely on Louisiana farmers and agricultural processors as their primary source of safe, nutritional, and affordable food. Furthermore, agriculture and aquaculture industries are a major source of employment for Louisiana residents. The financial survival of these industries in Louisiana is dependent on increasing markets for Louisiana products. For this reason, the legislature finds it necessary to encourage and promote markets in Louisiana for the sale of Louisiana agricultural and aquacultural products. Acts 2004, No. 271, §1.