reglab/housing_qa huggingface dataset:
LA Rev Stat § 39:1012 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1012. Resolution; nature and form of bonds

RS 1012 - Resolution; nature and form of bonds  Bonds and other debt obligations may be issued by the political subdivision under the authority conferred in this Part for such purposes and in such amount or amounts as the political subdivision may determine. Such bonds or other debt obligations shall be authorized by a resolution of the board and shall be of such series, bear such date or dates, mature at such time or times not exceeding twenty-five years from their respective dates, bear interest, payable semiannually or annually, be in such denominations, be in such form, either coupon or fully registered without coupons, carry such registration and exchangeability privilege, be payable in such median or payment and at such place or places, be subject to such terms of redemption, not exceeding one hundred five percent of the principal amount thereof, and be entitled to such priority on the revenues from the revenue producing work of public improvement as such resolution or resolutions may provide. NOTE: §1012 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 1012 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1977, No. 706, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:1013 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1013. Issuance; interest

RS 1013 - Issuance; interest  A. The bond or other debt obligations may be issued all at one time or they may be issued from time to time, as the governing body, in its discretion, may determine. They shall bear interest at a rate not to exceed eight percent per annum from their respective date or dates of issue.  B. The bonds or other debt obligations shall be signed by the presiding officer and the secretary or clerk of the governing body under the official seal of the governing authority, if it has one, in such manner as may be provided in the resolution authorizing their issuance.  C. The bonds or other debt obligations shall be sold in such manner and at such time as the governing body may determine, except that in no event shall the bonds be sold at a price less than par plus accrued interest to date of delivery at public or private sale. NOTE: §1013 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 1013 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1977, No. 706, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:1014 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1014. Mortgage and pledge; rights of bond holders

RS 1014 - Mortgage and pledge; rights of bond holders  A. Any bonds or other debt obligations issued under this Part shall be payable solely from the revenues derived from the work of public improvement, constructed, acquired, extended, or improved with the proceeds thereof, sufficient in amount at all times to meet the required debt service, subject only to prior payment of reasonable and necessary expenses of operating and maintaining such work of public improvement. In connection with the construction, acquisition, extension, or improvement of any such revenue-producing work of public improvement, any political subdivision is authorized to accept, receive, receipt for, disburse, and expend federal and state monies and other monies, public or private, whether available by grant or loan, or both, for such purposes.  B. The work of public improvement shall remain subject to such pledge of revenues or mortgage as may have been authorized by resolution of the governing body under the authority of this Part until the payment in full of the principal and interest on said bonds or other debt obligation, and the mortgage or pledge may be foreclosed by seizure and sale of the encumbered property in a manner provided by law for the foreclosure of conventional mortgages including the right to executory process.  C. Any holder of the bonds or other debt obligations or of any of the attached coupons, if any, may by suit, action, mandamus, or other proceedings, protect and enforce the security provided for in this Part, and may by suit, action, mandamus, or other proceedings enforce and compel performance of all of the duties required to be performed by the governing body and officials of the political subdivision by the provisions of this Part and the proceedings authorizing the issuance of such bonds or other debt obligations. NOTE: §1014 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 1014 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1977, No. 706, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:1015 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1015. Sale of mortgaged property

RS 1015 - Sale of mortgaged property  When any sale of the mortgaged property is held under the provisions of this Part, the purchaser at the sale, and his successor or assigns, shall be vested with any necessary permit and franchise to maintain and operate the property purchased, and to continue to supply to the public the commodities, products, or services previously supplied by the work of public improvement, with the same powers and privileges previously enjoyed by the political subdivision in the operation of said work of public improvement. This franchise shall continue for such period, not exceeding twenty-five years, as may be fixed by the governing body in the resolution authorizing the bonds or other debt obligation and shall be subject to all statutory limitations pertaining to the granting of permits or franchises. NOTE: §1015 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 1015 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1977, No. 706, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:1016 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1016. Priorities of lien

RS 1016 - Priorities of lien  If more than one series of bonds or other debt obligations are issued payable from the revenues of any work of public improvement, priority of the mortgage, if any, of such work of public improvement and pledge of the revenues thereof shall depend on the time of the delivery of the bonds or other debt obligations, and each series shall enjoy a lien prior and superior to that enjoyed by any series of bonds subsequently delivered, except that where provision is made in the proceedings authorizing any issue or series of bonds or other debt obligations in the future on a parity therewith, pursuant to procedure or restrictions provided in such proceedings, additional bonds or other debt obligations may be issued in the future on a parity with such issue or series in the manner so provided in such proceedings. NOTE: §1016 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 1016 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1977, No. 706, §1. Amended by Acts 1980, No. 416, §1, eff. July 18, 1980; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:1017 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1017. Sinking fund

RS 1017 - Sinking fund  Any resolution authorizing the issuance of bonds or other debt obligations under this Part may provide for creation of a sinking fund into which shall be paid from the pledged revenues of the work of public improvement, subject only to prior payment of the reasonable and necessary expenses of operating and maintaining the work of public improvement, sums sufficient to pay principal of and interest on such bonds or other debt obligation and to create such reserve for contingencies as may be provided in such resolution. The monies in the sinking fund may be applied to the payment of interest on and principal of the bonds or other debt obligation or to the purchase or retirement of the bonds or other debt obligation prior to maturity in such manner as may be provided in the resolution. NOTE: §1017 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 1017 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1977, No. 706, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:1018 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1018. Covenants; future holders

RS 1018 - Covenants; future holders  The resolution authorizing the issuance of the bonds or other debt obligation may contain such covenants with the future holder of the bonds or other debt obligation as to the management and operation of the work of public improvement, the imposition and collection of fees and charges for the products, commodities, or services furnished thereby, the disposition of fees and revenues, the issuance of future bonds and other debt obligations, and the creation of future liens and encumbrances against the work of public improvement and the revenues thereof, the carrying of insurance on the properties constituting such work of public improvement, the disposition of the proceeds of the insurance, and other pertinent matters, as may be deemed necessary by the governing body to assure the marketability of the bonds or other debt obligations, provided these covenants are not inconsistent with the provisions of this Part. NOTE: §1018 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 1018 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1977, No. 706, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:1019 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1019. Fees and charges

RS 1019 - Fees and charges  When any such political subdivision has issued bonds or other debt obligations and pledged the revenues of any work of public improvement in whole or in part for payment thereof, it shall impose and collect fees and charges for the products, commodities, and services furnished by such work of public improvement, including those furnished to the subdivision itself and its various agencies and departments, in such amounts and at rates as shall be sufficient at all times to pay the expenses of operating and maintaining the work of public improvement; provide a sinking fund sufficient to assure the prompt payment of principal and interest on the bonds or other debt obligation as each falls due; provide such a reasonable fund for contingencies as may be required by the resolution authorizing the bonds or other debt obligation and provide an adequate depreciation fund for those repairs, extensions, and improvements to the work of public improvement as may be necessary to assure adequate and efficient service to the public. No board or commission other than the governing body of the political subdivision shall have authority to fix or supervise making of such fees and charges. NOTE: §1019 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 1019 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1977, No. 706, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:1020 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1020. Bonds; multiple projects

RS 1020 - Bonds; multiple projects  The governing body of the political subdivision, in its discretion, may authorize bonds or other debt obligations, payable from the revenues to be derived from two or more works of public improvement owned by the subdivision and bonds or other debt obligations may be so issued for the purpose of constructing, acquiring, extending, or improving any one or more of those works of public improvements. Any bonds or other debt obligations so issued shall be secured in the manner provided in this Part on the property of such works of public improvement in the same manner as provided in those instances where bonds or other debt obligations are issued payable from the revenues of one work of public improvement only. NOTE: §1020 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 1020 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1977, No. 706, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:1021 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1021. Refunding bonds

RS 1021 - Refunding bonds  The governing body of any political subdivision which has issued revenue bonds or other debt obligations under this Part or any other laws of the state may thereafter authorize the issuance of bonds or other debt obligations for the purpose of refunding such outstanding bonds or other debt obligations in accordance with the provisions hereof. The refunding bonds or other debt obligations may either be sold and the proceeds applied to the retirement of the outstanding bonds or other debt obligations, or may be delivered in exchange for the outstanding bonds or other debt obligations. The refunding bonds or other debt obligations shall be authorized in all respects and in the same manner as original revenue bonds are authorized to be issued under this Part, and although they may differ as to maturity, interest rate, and other details, may have the same security and enjoy the same sources of payment and rank of privilege as enjoyed by the bonds or other debt obligations refunded. NOTE: §1021 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 1021 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1977, No. 706, §1. Amended by Acts 1980, No. 251, §1, eff. July 12, 1980; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:1023 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1023. Exemption from taxation

RS 1023 - Exemption from taxation  As provided by Article VII, Section 21(C)(8) of the constitution, any obligations issued under this Part shall be exempt from ad valorem taxation. NOTE: §1023 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 1023 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1977, No. 706, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:1024 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1024. Applicability of Part

RS 1024 - Applicability of Part  The provisions of this Part shall constitute full authority for the construction, acquisition, extension, or improvement of works of public improvement, and the authorization and issuance of bonds or other debt obligations and for the accomplishment of all things authorized to be done, and no proceedings relating thereto or to the authorization or issuance of such bonds or other debt obligations or the security therefor or the granting of such franchises shall be necessary except as required by these provisions. NOTE: §1024 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 1024 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1977, No. 706, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:1031 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1031. Purposes, rules of construction

RS 1031 - Purposes, rules of construction A. The purposes of this Part are to: (1) Clarify and modernize the laws relating to the issuance of bonds by the city of New Orleans (the "City") and its agencies, boards, authorities, and commissions, except the Sewerage and Water Board of New Orleans, so as to enable the City and such entities to utilize advanced and creative techniques of public finance in the issuance of bonds. (2) Standardize certain procedures with respect to the adoption and approval of proceedings relating to the issuance of bonds and the sale thereof. (3) Make general state laws relating to the authorization, issuance and sale of bonds by political subdivisions of the state applicable to the City and certain of its agencies, boards, authorities, and commissions. B. This Part shall be liberally construed so as to give effect to its intended purposes. Acts 1985, No. 674, §1, eff. July 16, 1985. {{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}
LA Rev Stat § 39:1032 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1032. Definitions

RS 1032 - Definitions As used in this Part, the following terms shall have the following meanings: (1) "Bonds" means and includes bonds, notes, certificates, or other written obligations for the repayment of borrowed money. (2) "Board of Liquidation" means the Board of Liquidation, City Debt, of the city of New Orleans, Louisiana. (3) "City" means the city of New Orleans, Louisiana. (4) "Council" means the council of the city of New Orleans or its successor in function. (5) "Majority of the members" or "majority of its members" or "two-thirds of the members", when used in connection with a vote by the respective members of the council, the Board of Liquidation, or the governing authority of any public entity, shall mean a majority or two-thirds of the members of the respective bodies holding office at the time such a vote is taken, as the case may be. (6) "Public entities" means the Board of Liquidation, City Debt, and all of the agencies, boards, authorities, and commissions of the City (except the Sewerage and Water Board) collectively. (7) "Public entity" means the Board of Liquidation, City Debt, and any agency, board, authority, or commission of the City except the Sewerage and Water Board. (8) "State" means the state of Louisiana. Acts 1985, No. 674, §2, eff. July 16, 1985. {{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}
LA Rev Stat § 39:1033 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1033. General power to issue bonds

RS 1033 - General power to issue bonds The city of New Orleans is hereby authorized to issue bonds in the manner and form and subject to the conditions and limitations hereinafter set forth. Acts 1985, No. 674, §3, eff. July 16, 1985. {{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}
LA Rev Stat § 39:1034.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1034.1. Limitation on increases in the millage rate and collection of resulting taxes for ad valorem taxes of the Board of Liquidation

RS 1034.1 - Limitation on increases in the millage rate and collection of resulting taxes for ad valorem taxes of the Board of Liquidation Notwithstanding the provisions of R.S. 39:1034 and any other provisions of law to the contrary, due to the effects of Hurricane Katrina there shall be no increase in the millage rate on taxes levied nor shall any increase in taxes be collected from any such increase to pay principal and interest and redemption premiums for the year 2006 of any and all general obligation bonds issued by or through the Board of Liquidation, City Debt, for the city of New Orleans until seventy-five percent of any retained funds have been authorized and incorporated to be used by the Board of Liquidation for servicing and paying principal and interest and redemption premiums for the year 2006 of any and all general obligation bonds issued. Acts 2005, 1st Ex. Sess., No. 55, §1, eff. Dec. 6, 2005.
LA Rev Stat § 39:1035 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1035. Manner of issuing bonds

RS 1035 - Manner of issuing bonds All bonds shall be issued pursuant to a resolution which shall fix the details of the bonds, including their form, terms, security, manner of execution, repayment schedule, and redemption features. The Board of Liquidation shall adopt all resolutions issuing general obligation bonds and special or limited ad valorem tax supported bonds and any other resolutions providing for the issuance of bonds required by law to be adopted by it by affirmative vote of two-thirds of its members. Unless otherwise specifically provided by the law authorizing their issuance, the council shall adopt all other resolutions providing for the issuance of other bonds in the name of the City by the affirmative vote of two-thirds of its members. Acts 1985, No. 674, §5, eff. July 16, 1985. {{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}
LA Rev Stat § 39:1036 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1036. Interest rates

RS 1036 - Interest rates Subject to the provisions of R.S. 39:1424, bonds of the City and public entities may be sold at the rate or rates set forth in the resolution or other instrument providing for their issuance. Such bonds may be issued at fixed, variable, or adjustable rates or may be noninterest bearing or in the form of capital accretion bonds. Acts 1985, No. 674, §6, eff. July 16, 1985. {{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}
LA Rev Stat § 39:1037 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1037. Sales of bonds

RS 1037 - Sales of bonds Bonds may be sold at either public or private sale and may be sold at such price or prices as may be determined to be in the best interest of the issuer by the issuing body, which price may be at a discount from par. Bonds may be sold at private sale only if such sale is authorized by a vote of two-thirds of the members of the issuing body voting on the matter. For the purpose of this Section, the Board of Liquidation shall be considered to be the issuing body for only general obligation, limited or special ad valorem supported tax bonds, and sales tax bonds, and for no other bonds. Unless otherwise provided by law, the issuing body for all other types of bonds shall be the governing body of the entity in whose name the bonds are issued. If bonds are to be sold at public sale, a notice of the sale shall be published in accordance with the provisions of R.S. 39:1426 and shall be awarded to the best bidder therefor by the issuing body but the issuing body may reject any and all bids received. In the case of bonds sold by the Board of Liquidation on behalf of the City, the council through its clerk shall be notified of the results of any sale. Acts 1985, No. 674, §7, eff. July 16, 1985. {{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}
LA Rev Stat § 39:1038 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1038. Defeasance of bonds

RS 1038 - Defeasance of bonds The provisions of Chapter 14 of Title 39 of the Louisiana Revised Statutes of 1950 shall be applicable to all bonds issued by the City and its public entities. Acts 1985, No. 674, §8, eff. July 16, 1985. {{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}
LA Rev Stat § 39:1039 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1039. Fully registered bonds

RS 1039 - Fully registered bonds The provisions of Chapter 13-A of Title 39 shall be applicable to all bonds issued by the City and public entities. Acts 1985, No. 674, §9, eff. July 16, 1985. {{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}
LA Rev Stat § 39:1040 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1040. Credit enhancement devices

RS 1040 - Credit enhancement devices The City and public entities may, in connection with the sale of bonds, use municipal bond insurance, bank guarantees, surety bonds, letters of credit, and other devices to enhance the credit quality of the bonds, the cost of which credit enhancement devices may be paid from the proceeds of the bonds or other lawfully available funds. Acts 1985, No. 674, §10, eff. July 16, 1985. {{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}