reglab/housing_qa huggingface dataset:
LA Rev Stat § 40:467 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§467. Bonds and other debt instruments, financing

RS 467 - Bonds and other debt instruments, financing All bonds, notes, bond anticipation notes, notes in the nature of commercial paper, or other instruments, certificates or evidence of indebtedness or obligations issued under this Chapter prior to August 15, 1997, are hereby declared to be valid, legal, binding, and enforceable obligations to the extent of the obligation as provided in any such bonds, notes, instruments, certificates or evidences of indebtedness, and the proceedings relating to the issuance thereof. This Chapter, as it existed immediately prior to August 15, 1997, shall continue to govern all rights and obligations existing under any bonds issued or authorized by a housing authority of this state prior to August 15, 1997. This Section shall be deemed not to have been repealed by the enactment of Parts I, II, and III of this Chapter, with respect to all such bonds. Notwithstanding the foregoing, all obligors and all obligees may agree in writing that any bonds of a housing authority which are outstanding or authorized on August 15, 1997, shall be governed by this Chapter. Amended by Acts 1950, No. 401, §14; Acts 1997, No. 1188, §1.
LA Rev Stat § 40:468 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§468. Issuance of bonds; means for payment

RS 468 - Issuance of bonds; means for payment On or after August 15, 1997, a housing authority may issue bonds under this Chapter from time to time in its discretion, upon such terms and conditions as it shall deem necessary or desirable, for any purpose permitted under this Chapter. A housing authority may also issue refunding and advance refunding bonds for the purpose of paying or retiring bonds previously issued by it. This Section, without reference to other statutes of the state, shall constitute full and complete authority for the authorization, issuance, delivery, and sale of bonds hereunder, and such authorization, issuance, delivery, and sale shall not be subject to any conditions, restrictions, or limitations imposed by any other law. Acts 1997, No. 1188, §1.
LA Rev Stat § 40:469 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§469. Liability on bonds; debt limitations

RS 469 - Liability on bonds; debt limitations A. Neither the commissioners of a housing authority nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance thereof. B. The bonds and other obligations of a housing authority shall not be a debt of the municipality or parish, the state, or any public agency thereof, and the bonds and obligations shall so state on their face. Except as the state, or a municipality, parish, or other public agency shall otherwise expressly agree, and further except as the bonds of a housing authority, duly authorized by such agreement, shall specifically and directly otherwise provide, neither the state, nor any municipality or parish, nor any public agency other than the housing authority issuing the bonds shall be liable thereon. Nor, in any event, shall such bonds or obligations be payable out of any funds or properties other than those of such issuing housing authority or any guarantor or insurer of such authority. C. The bonds shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction. Acts 1997, No. 1188, §1.
LA Rev Stat § 40:470 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§470. Issuance of bonds; type, form and sale of bonds

RS 470 - Issuance of bonds; type, form and sale of bonds A. Bonds of a housing authority shall be authorized by a resolution adopted by a vote of a majority of the board of commissioners. B. The bonds may be issued in one or more series and shall bear such dates, mature at such times, bear interest at such rates, be in such denominations, be in such form, either coupon or registered, carry such conversion or registration privileges, have such rank or priority, be executed in such manner, be payable in such medium of payments, at such places, and be subject to such terms of redemption, with or without premium, as such resolution, its trust indenture or mortgage may provide. Bonds of a housing authority may be issued in zero coupon form or subject to federal taxation of interest thereon if the resolution authorizing issuance so provides. C. The bonds may be sold at public sale held after notice prior to such sale promulgated in such manner as the authority shall deem appropriate or, if the resolution authorizing issuance of the bonds so provides, they may be sold on a negotiated basis or at private sale without any public advertisement. At the discretion of the housing authority, the bonds may be sold at par, or at any discount or premium, as the resolution authorizing them provides. A housing authority issuing bonds may enter into such agreements and arrangements with third parties for the marketing of its bonds as it shall deem appropriate. Acts 1997, No. 1188, §1.
LA Rev Stat § 40:471 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§471. Signatures validated, presumption of validity of bond

RS 471 - Signatures validated, presumption of validity of bond A. In case any of the representatives of the housing authority whose signatures appear on any bonds or coupons cease to be commissioners, officers, or agents of the issuing authority before the delivery of such bonds, the signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if the representatives had remained in office until delivery. Any law to the contrary notwithstanding, bonds issued pursuant to this Chapter are fully negotiable. B. No suit, action, or proceeding involving the validity or enforceability of any bond of a housing authority may be commenced after delivery of the bond. In any suit, action, or proceeding involving the validity or enforceability of any bond of a housing authority or the security therefor, any such bond reciting in substance that it has been issued by the housing authority to aid in financing a development or activity furthering the purposes of this Chapter is conclusively deemed to have been issued in accordance with this Chapter, and any development financed thereby and with respect to which such recitation made shall be conclusively deemed to have been planned, located, and constructed in accordance with this Chapter. Amended by Acts 1950, No. 401, §15; Acts 1997, No. 1188, §1.
LA Rev Stat § 40:473 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§473. Short-term bond anticipation notes

RS 473 - Short-term bond anticipation notes A. A housing authority may borrow money for the purposes for which its bonds are to be issued in anticipation of the receipt of proceeds from the sale of such bonds and within the authorized maximum of such bond issue. B. Bond anticipation notes shall be issued for all monies borrowed under this Section. Such notes may be issued for a period not exceeding five years and may be renewed from time to time for periods not exceeding one year, but each such note, including renewals, shall mature and be paid not later than five years after the date on which the original note was issued. Such notes shall be authorized by resolution of the board of commissioners of the housing authority and shall be in such denomination or denominations, shall bear interest at such rate or rates, shall be in such form, and shall be executed in such manner, as said board of commissioners shall prescribe. Such notes may be sold at public or private sale in the manner and at such price or prices or for such other consideration, including real or personal property, as the authority shall determine, provided that if such notes be renewal notes, they may be exchanged for notes then outstanding on such terms as the authority shall determine. Amended by Acts 1950, No. 401, §17; Acts 1997, No. 1188, §1.
LA Rev Stat § 40:474 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§474. Underwriter as agent

RS 474 - Underwriter as agent A. In connection with the issuance of any bonds that are to be sold in a public offering, the participating institution and the underwriter of such bonds shall be the housing authority's designated agents for the purpose of preparing all disclosure materials and otherwise ensuring that all requirements of federal and state laws are fully complied with in connection with such offering. The participating institution and such underwriter shall accept such appointment in writing and shall, unless such requirement is expressly waived by the local housing authority, agree to indemnify and hold harmless the housing authority, its representatives, and the state and its public agencies and their respective officials, officers and employees from any and all claims, losses or damages, howsoever arising, resulting from inaccurate, incomplete, false or misleading statements contained in such disclosure materials, except those provided to the participating agency or underwriter by the housing authority or from failure to comply in any respect with the requirements of federal or state laws. B. As used in this Section, "public offering" means any offering of bonds other than a private placement with a single financial institution, and "underwriter" means any person conducting such public offering as managing underwriter, senior managing underwriter, placement agent, or lead financial institution in a placement involving several financial institutions, or other such person or entity playing a similar role. Amended by Acts 1950, No. 401, §18; Acts 1997, No. 1188, §1.
LA Rev Stat § 40:475 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§475. Enforcing rights of obligee of a housing authority

RS 475 - Enforcing rights of obligee of a housing authority An obligee of a housing authority, in addition to all other rights conferred on the obligee, subject only to any contractual restrictions binding upon the obligee, may: (1) By mandamus or other action or proceeding for legal or equitable remedies, compel the housing authority and its representatives to perform each and every term, provision, and covenant contained in any contract of the housing authority with or for the benefit of such obligee, and require the carrying out of all covenants and agreements of the housing authority and the fulfillment of all duties imposed upon the housing authority by this Chapter. (2) By action or proceeding, enjoin any acts or things which may be unlawful, or the violation of any rights of the obligee. Acts 1997, No. 1188, §1.
LA Rev Stat § 40:477 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§477. Investment in bonds and authorized for public funds, financial institutions, trusts and fiduciaries

RS 477 - Investment in bonds and authorized for public funds, financial institutions, trusts and fiduciaries The state and all public agencies therein, all banks, bankers, trust companies, savings banks, and institutions, investment companies, insurance companies, insurance associations, and other persons carrying on a banking or insurance business, and all executors, administrators, guardians, trustees, and other fiduciaries may legally invest any monies or funds belonging to them or within their control in any bonds or other obligations issued by a housing authority, and such bonds and other obligations shall be authorized security for all public deposits; it being the purpose of this Chapter to authorize any of the foregoing 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 or other obligations; however, nothing in this Chapter shall be construed as relieving any person, firm, or corporation from any duty or exercising reasonable care in selecting securities. This Chapter shall apply notwithstanding any restrictions on investments contained in other laws. Acts 1997, No. 1188, §1.
LA Rev Stat § 40:478 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§478. Issuance of debt instruments other than bonds

RS 478 - Issuance of debt instruments other than bonds A. In addition to borrowing authorized under R.S. 40:431 and the issuance of bonds under R.S. 40:470, a housing authority may also issue notes, debt certificates, certificates of participation, and other debt or equity instruments, of every kind and description, for the purpose of generating funds to carry out the purposes of this Chapter. B. Such notes, certificates, or instruments may be issued for such consideration, in such amounts, and upon such terms and conditions as the authority shall deem appropriate, consistent with the requirements of R.S. 40:489. C. The limitation on liability set forth with respect to bonds in R.S. 40:469 shall also be applicable with respect to any such notes, certificates, or instruments. D. The housing authority may offer such notes, certificates, or instruments at public or private sale and may enter into such contracts, agreements, and arrangements relating to such sale as it shall deem appropriate. Amended by Acts 1950, No. 401, §21; Acts 1960, No. 461, §1; Acts 1997, No. 1188, §1.
LA Rev Stat § 40:479 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§479. Taxability of bonds and other debt instruments

RS 479 - Taxability of bonds and other debt instruments All bonds, notes, certificates, and other instruments evidencing indebtedness of a housing authority or any subsidiary thereof or conveying an equity participation in any development of a local housing authority or any subsidiary thereof are deemed to be issued for an essential public and governmental purpose and shall be free of taxation of any kind by this state and its public agencies unless the authority issuing such bonds, notes, certificates, or other instruments shall elect that they be taxable. Any such election shall apply only to the specific issue of bonds, notes, certificates, or other instruments with respect to which such election is expressly made. Amended by Acts 1950, No. 401, §22; Acts 1997, No. 1188, §1.
LA Rev Stat § 40:480 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§480. Essential governmental purpose

RS 480 - Essential governmental purpose All bonds, notes, certificates, and other instruments evidencing indebtedness or conveying equity participations issued by a local housing authority or any subsidiary thereof are deemed to be issued for an essential governmental purpose. Acts 1997, No. 1188, §1.
LA Rev Stat § 40:481 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§481. Issuance of debt instruments on behalf of others

RS 481 - Issuance of debt instruments on behalf of others A local housing authority may issue bonds, notes, certificates, or other instruments evidencing indebtedness on behalf of others to carry out any purpose authorized by this Chapter. Added by Acts 1950, No. 401, §23. Amended by Acts 1997, No. 1188, §1.
LA Rev Stat § 40:482 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§482. Limitations on housing authority powers; not-for-profit operation

RS 482 - Limitations on housing authority powers; not-for-profit operation The operation of housing developments and the other activities permitted to be undertaken by a local housing authority under this Chapter and all income, fees, or revenues derived or generated therefrom and belonging to such local housing authority are for public use and purposes, are not used or held for profit and are governmental functions of state concern. No income, fees, and revenues received by a local housing authority, from whatever source, shall be used as a source of revenue for any municipality or parish establishing said local housing authority or for any other public agency, nor shall any net income, fees, or net revenues be considered profit, but all of the same shall be utilized in the furtherance of the maintenance and enhancement of an adequate supply of decent, safe, and sanitary housing that is affordable to persons of eligible income and for other purposes contemplated by this Chapter. Acts 1997, No. 1188, §1.
LA Rev Stat § 40:484 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§484. Use of income or surplus

RS 484 - Use of income or surplus All income, surplus, and payments received by a local housing authority, or to which such authority shall become entitled, shall be used for carrying out the purposes of this Chapter. Acts 1997, No. 1188, §1.
LA Rev Stat § 40:485 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§485. Application of policies

RS 485 - Application of policies A local housing authority shall not apply its policies, rules, procedures, criteria, requirements, and exclusions with respect to eligibility of applicants, granting assistance, or enforcing standards relating to occupancy or continuance of assistance in an arbitrary or capricious manner. Acts 1997, No. 1188, §1.
LA Rev Stat § 40:486 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§486. Rights of action

RS 486 - Rights of action Nothing contained in this Chapter shall create, expressly or by implication, any right, claim, or cause of action in favor of anyone in connection with any failure of a housing authority to exercise any one or more of its discretionary powers. Acts 1997, No. 1188, §1.
LA Rev Stat § 40:487 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§487. Affiliates, applicability of certain laws

RS 487 - Affiliates, applicability of certain laws A. Affiliates of housing authorities shall not, by virtue of their affiliation with such local housing authorities, become subject to the laws of this state applicable to public agencies and their governing bodies, including but not limited to laws pertaining to open meetings, minimum wage rates applicable to government contracts and employees, if any, procurement of goods and services, and laws relating to public employees. B. Notwithstanding any provision of Subsection A of this Section to the contrary, affiliates of housing authorities shall be subject to the Public Records Law. For the purposes of the Public Records Law, affiliates of housing authorities shall be considered public bodies. Acts 1997, No. 1188, §1; Acts 2011, No. 79, §1. NOTE: See Acts 2011, No. 79, second §2, regarding applicability of Subsection B.
LA Rev Stat § 40:488 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§488. Recourse obligations and cross-collateralization

RS 488 - Recourse obligations and cross-collateralization No guaranty, other recourse obligation, mortgage, or security instrument, or other instrument (recourse instrument) given or entered into by a housing authority in connection with financing the acquisition, creation, modernization, rehabilitation, or replacement of a development, which exposes to foreclosure, loss, or levy any property of the housing authority other than the development being acquired, created, modernized, rehabilitated, or replaced with the proceeds of such financing shall be given or entered into, unless the authority's board of commissioners shall have specifically approved such action by resolution which finds that such action: (1) Is necessary and essential to acquiring the financing with respect to which such recourse instrument is given or entered into. (2) Will not unreasonably expose to loss or foreclosure property of the authority other than the development for which financing will be used. (3) Is prudent and sound as required under R.S. 40:489. (4) Is commercially reasonable, taking into account the characteristics of the transaction in which such recourse instrument would be given and its relative benefits and potential costs to the authority. Acts 1997, No. 1188, §1.
LA Rev Stat § 40:489 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§489. Financial prudence

RS 489 - Financial prudence Local housing authorities shall conduct their financial affairs in a prudent and sound manner. Acts 1997, No. 1188, §1.
LA Rev Stat § 40:490 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§490. Tax exemption

RS 490 - Tax exemption A. All evidences of indebtedness of an authority are issued for a public purpose, are public instrumentalities, and, together with the interest and income thereon, are exempt from taxes. An authority is exempt from the payment of any taxes or fees to the state or any subdivision thereof or to any officer or employee of the state or any subdivision thereof. The property of an authority is exempt from all taxes of the municipality or parish and from all other local taxes. B. However, except in the parish of East Baton Rouge, unless otherwise provided in Subsection C of this Section, the municipality or parish may: (1) Fix a sum which shall be paid to it annually by an authority for each housing project located therein; (2) Agree with an authority or government upon the sum to be paid by the authority for any year or years for a housing project or projects located therein; (3) Accept or agree to accept a fixed sum or other consideration in lieu of any such payment for any year or years; or (4) Agree that the authority shall not pay or be liable to pay any sum for housing projects located therein. C. Notwithstanding the provisions of Subsection B of this Section, the parish of East Baton Rouge and any municipality or school board in that parish may exercise any of the powers granted in Subsection B of this Section. A housing authority in the parish of East Baton Rouge shall make payments in lieu of taxes to a school district in which the housing authority is located. Amended by Acts 1985, No. 317, §1, eff. July 9, 1985; Acts 2003, No. 1163, §1; Acts 2011, 1st Ex. Sess., No. 12, §1, eff. June 12, 2011.
LA Rev Stat § 40:491 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§491. Repealed by Acts 1997, No. 1188, §2.

RS 491 - Repealed by Acts 1997, No. 1188, §2.
LA Rev Stat § 40:492 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§492. Repealed by Acts 1997, No. 1188, §2.

RS 492 - Repealed by Acts 1997, No. 1188, §2.
LA Rev Stat § 40:493 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§493. Repealed by Acts 1997, No. 1188, §2.

RS 493 - Repealed by Acts 1997, No. 1188, §2.
LA Rev Stat § 40:494 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§494. Repealed by Acts 1997, No. 1188, §2.

RS 494 - Repealed by Acts 1997, No. 1188, §2.
LA Rev Stat § 40:495 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§495. Repealed by Acts 1997, No. 1188, §2.

RS 495 - Repealed by Acts 1997, No. 1188, §2.
LA Rev Stat § 40:496 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§496. Repealed by Acts 1997, No. 1188, §2.

RS 496 - Repealed by Acts 1997, No. 1188, §2.
LA Rev Stat § 40:497 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§497. Repealed by Acts 1997, No. 1188, §2.

RS 497 - Repealed by Acts 1997, No. 1188, §2.
LA Rev Stat § 40:498 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§498. Repealed by Acts 1997, No. 1188, §2.

RS 498 - Repealed by Acts 1997, No. 1188, §2.
LA Rev Stat § 40:499 (2021)
2021 Louisiana Laws|Revised Statutes|Title 40 - Public Health and Safety|§499. Repealed by Acts 1997, No. 1188, §2.

RS 499 - Repealed by Acts 1997, No. 1188, §2.