reglab/housing_qa huggingface dataset:
LA Rev Stat § 39:1410.31 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.31. Agreements providing for outlay of funds for capital improvement or expenditure; State Bond Commission approval required; penalties

RS 1410.31 - Agreements providing for outlay of funds for capital improvement or expenditure; State Bond Commission approval required; penalties A. No agreement, including, but not limited to agreements of lease, lease-purchase or third party financing, shall be entered into by, on behalf of or with the state, directly or through any state board, department, commission, authority or agency, providing for the outlay of funds in excess of one hundred thousand dollars, in any fiscal year, beginning at the expiration of the fiscal year 1977-1978, for capital improvement or expenditure, including, but not limited to, equipment, buildings, land, machinery, renovations, major repairs and construction, without prior written approval of the State Bond Commission or its successor. B. Any agreement, including, but not limited to agreements of lease, lease-purchase or third party financing, made in violation of the provisions of this Section shall be null and void, and unenforceable in the courts of this state. C. The provisions of this Section shall not apply to capital outlay projects approved by the legislature pursuant to Article 7, Section 11(B) of the Louisiana Constitution of 1974, or to the expenditure of funds previously appropriated by the legislature, or to any multi-year agreement dealing with movable property containing an appropriation dependency clause which provides for no penalty upon termination or failure to fund. D. Any officer, official, agent or employee of the state or of any state board, department, commission, authority or agency, who enters into an agreement in violation of the provisions of this Section; or who counsels, aids or abets such a violation knowingly; shall be fined not less than five hundred dollars and not more than one thousand dollars, and/or imprisoned for not less than sixty days nor more than six months. E. In the event the State Bond Commission considers alternative methods for the acquisition of capital improvements, it shall approve the least expensive method of acquisition. Added by Acts 1978, No. 578, §2, eff. July 12, 1978; Acts 1987, No. 747, §1.
LA Rev Stat § 39:1410.32 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.32. Certificate of "impossibility or impracticality"

RS 1410.32 - Certificate of "impossibility or impracticality" A. A project in the Capital Outlay Budget Act may be declared "impossible or impractical" by the State Bond Commission. A certificate showing reasons in sufficient detail shall be signed by the head of the Facility Planning and Control Section of the Division of Administration, secretary of the Department of Transportation and Development, the chairmen of the respective boards of commissioners of the various ports, or the head of the agency, political subdivision or board, whichever is appropriate, and filed with the State Bond Commission. Upon a determination by the State Bond Commission that proceeding with such a project or the funding thereof through the issuance of general obligation bonds is impractical or impossible, the Bond Commission may then proceed with a sale of general obligation bonds for other projects in the Capital Outlay Budget Act without regard to the priority of the unfunded projects determined to be impossible or impractical. B. Upon recommendation by the appropriate person or agency, if it is determined at any time that proceeding with the project or with the funding thereof is no longer impossible or impractical, the Bond Commission may rescind the certificate of impossibility or impracticality and may proceed with the project or with the issuance of general obligation bonds to fund the project. Acts 1986, No. 444, §1.
LA Rev Stat § 39:1410.33 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.33. Notification to legislators

RS 1410.33 - Notification to legislators A. Whenever a certificate of impossibility and impracticality is filed with the Bond Commission and a hearing on that certificate is scheduled, the Bond Commission shall notify each member of the legislature within whose district the project is located in writing of the filing at least five business days prior to the scheduled hearing. B. Whenever a request for a line of credit is received by the Bond Commission for a project included in the Capital Outlay Budget Act and a hearing of that request is scheduled, the Bond Commission shall notify each member of the legislature within whose district the project is located in writing of the request at least five business days prior to the scheduled hearing. C. Whenever a resolution for the issuance of state general obligation bonds is to be heard by the Bond Commission, a list of the allocation of the proceeds of the sale shall be sent to each member of the legislature at least five business days prior to the approval of the resolution. D. Upon the approval of the state treasurer and a member of the legislature, the Bond Commission may notify the member and submit the list, pursuant to the requirements of this Section, to the member by electronic means. Acts 1986, No. 444, §1; Acts 1993, No. 697, §1; Acts 2001, No. 1032, §13.
LA Rev Stat § 39:1410.41 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.41. Legislative findings

RS 1410.41 - Legislative findings This legislature hereby finds that the state currently experiences and may hereafter experience fluctuations in revenues and expenditures and that, as a consequence thereof, temporary cash flow deficits could occur resulting in the temporary inability of the state to pay expenses from currently budgeted and appropriated revenues of its various funds. The purpose of this Part is to authorize the State Bond Commission to issue and sell revenue anticipation notes to avoid temporary cash flow deficits and to provide a working balance in the state general fund to enable the state to pay expenses in a timely manner from currently budgeted and appropriated revenues of the state general fund. Acts 1991, No. 827, §1.
LA Rev Stat § 39:1410.42 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.42. Definitions

RS 1410.42 - Definitions As used in this Part, unless the context otherwise requires: (1) "Commission" means the State Bond Commission of the state. (2) "Fund" means the state general fund. (3) "Note" means any note or other evidence of borrowing made under the authority of this Part. Acts 1991, No. 827, §1.
LA Rev Stat § 39:1410.43 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.43. Authority to issue and sell notes

RS 1410.43 - Authority to issue and sell notes A.(1) Notwithstanding any law to the contrary, and provided that the budget status report required by R.S. 39:75 reflects the state general fund balance not in a deficit posture, the commission may issue and sell from time to time notes payable from the anticipated cash, as reflected in the most recent official forecast of the Revenue Estimating Conference, income, and receipts to be credited by law to the state general fund and hereby authorized to be pledged thereto. 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 notes except as expressly provided in this Part, and the provisions of R.S. 39:1365 shall not be applicable to the issuance of the notes. The notes shall be authorized and issued pursuant to a resolution duly adopted by the commission which shall fix the details of the notes and set forth the covenants with respect to the payment and security for the notes consistent with the provisions of this Part. (2) The proceeds of the notes may be applied for the payment of the costs for issuing the notes, for the payment of any expenditure otherwise payable from the revenue of the state general fund for the benefit of which the notes are issued, for the payment of the principal of, the interest on, or any premium due in connection with the redemption, purchase, or payment of any notes, or for the payment of any combination thereof. Pending such application, such proceeds may be invested or deposited as provided in this Part. B. The commission has the following powers in order to accomplish any of the purposes of this Part, in addition to the powers otherwise granted by law: (1) To issue notes for the purposes provided in this Part. (2) To enter into contracts and agreements in connection with the notes, including but not limited to contracts providing for the purchase or repurchase of the notes. (3) To do all things necessary and convenient to carry out the purpose of this Part and in connection with the issuance of notes. C. REPEALED BY ACTS 1992, NO. 659, §2, EFF. JUNE 20, 1992. D. All fees, expenses, and costs, including bond counsel fees, sales commissions, underwriting liability fees, management fees, attorneys fees, all other general and legal costs of issuance and credit support costs, and all other fees attendant to the issuance of revenue anticipation notes authorized herein shall be subject to prior review and written approval by the attorney general, the State Bond Commission, and the commissioner of administration before any such notes are issued. Acts 1991, No. 827, §1; Acts 1992, No. 659, §§1, 2, eff. June 20, 1992.
LA Rev Stat § 39:1410.44 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.44. Repealed by Acts 1988, 1st Ex. Sess., No. 14, §3, eff. Mar. 28, 1988.

RS 1410.44 - Repealed by Acts 1988, 1st Ex. Sess., No. 14, §3, eff. Mar. 28, 1988.
LA Rev Stat § 39:1410.46 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.46. Execution of notes

RS 1410.46 - Execution of notes The notes shall be executed in such manner as may be provided by the resolution authorizing their issuance. Acts 1991, No. 827, §1.
LA Rev Stat § 39:1410.47 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.47. Manner of sale of notes

RS 1410.47 - Manner of sale of notes Notes may be sold at public sale on a competitive bid basis or at negotiated sale and may be sold at such price as determined by the commission. Acts 1991, No. 827, §1.
LA Rev Stat § 39:1410.48 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.48. Contest period

RS 1410.48 - Contest period A. Within thirty days after publication of the notice of intention to issue notes, any person in interest may contest the legality of the resolution, any provision of the notes to be issued pursuant to it, the provisions securing the notes, and the validity of all other provisions and proceedings relating to the authorization and issuance of the notes, by filing, answering, or intervening into a motion for judgment as provided for at R.S. 13:5121 et seq. B. If no action or proceeding is instituted within this thirty-day period, no person may contest the validity of the notes, the provisions of the resolution pursuant to which the notes were issued, the security of the notes, or the validity of any other provisions or proceedings relating to their authorization and issuance, and the notes shall be presumed conclusively to be legal. Thereafter, no court shall have authority to inquire into such matters. C. If an action or proceeding is instituted within this thirty-day period, a final decree or judgment of any court of competent jurisdiction shall constitute a permanent injunction against the institution by any person of any action or proceeding contesting the validity of the notes or any other matter adjudicated or which might have been called into question in such proceedings. Thereafter, no court, regardless of whether the thirty-day period shall have expired, shall have authority to inquire into such matters. Acts 1991, No. 827, §1.
LA Rev Stat § 39:1410.49 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.49. Investment of proceeds; income therefrom

RS 1410.49 - Investment of proceeds; income therefrom The state treasurer is authorized to invest and reinvest the proceeds of the notes in any securities which are legal investments for the state general fund. The income from any such investment shall be credited to the state general fund and shall be retained therein for application for any purpose for which said fund is created or used to pay debt service on the notes. Acts 1991, No. 827, §1.
LA Rev Stat § 39:1410.50 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.50. No full faith and credit debt created

RS 1410.50 - No full faith and credit debt created Notes shall be payable solely from the revenues pledged thereto, and the registered owners or holders of the notes may not look to any other source for repayment of the principal of or interest on the notes. In every case, the revenues pledged shall be those which are the subject of appropriation for the current fiscal year and are yet to be credited to the applicable fund. The cash, income, and receipts authorized to be pledged to the repayment of the notes authorized hereby, which are not issued in accordance with the provisions of Article VII, Section 6(A) of the Constitution of Louisiana, are the cash, income, and receipts derived from those sources described in Article VII, Section 6(C) of the Constitution of Louisiana. "An undertaking" within the meaning of said Section 6(C) is hereby defined to include the operation and business of the state. Unless issued in accordance with the provisions of Article VII, Section 6(A) of the Constitution of Louisiana, the notes shall not constitute a full faith and credit obligation or indebtedness of the state within the meaning of any provision of the constitution or statutes. Acts 1991, No. 827, §1.
LA Rev Stat § 39:1410.51 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.51. Notes as legal investment and eligible collateral

RS 1410.51 - Notes as legal investment and eligible collateral Notwithstanding the provisions of any other statute to the contrary, notes shall be legal investments for any political subdivision or public body of the state and shall be eligible for use as collateral for deposits of public funds. Acts 1991, No. 827, §1.
LA Rev Stat § 39:1410.52 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.52. Exemption from taxes

RS 1410.52 - Exemption from taxes All notes authorized to be issued pursuant to the provisions of this Part, together with interest thereon, income therefrom, and gain upon the sale thereof, shall be exempt from state and local taxes. Acts 1991, No. 827, §1.
LA Rev Stat § 39:1410.53 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.53. Construction with other statutes

RS 1410.53 - Construction with other statutes The powers conferred by this Part constitute an additional and separate grant of powers for the issuance and payment of the notes and all other acts in connection therewith authorized by this Part. If there is any inconsistency between the provisions of this Part and any other law, the provisions of this Part shall control. Acts 1991, No. 827, §1.
LA Rev Stat § 39:1410.60 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.60. Approval of application; incurring indebtedness

RS 1410.60 - Approval of application; incurring indebtedness A. No parish, municipality, public board, political or public corporation, subdivision, or taxing district, and no road or subroad district, school district, sewerage district, drainage or subdrainage district, levee district, waterworks or subwaterworks district, irrigation district, road lighting district, harbor and terminal district, or any other political subdivision, taxing district, political or public corporation, created under or by the constitution and laws of the state shall have authority to borrow money, incur debt, or to issue bonds, or other evidences of debt, or to levy taxes, or to pledge uncollected taxes or revenues for the payment thereof, where they are authorized by the constitution or laws of the state so to do, without the consent and approval of the State Bond Commission. B.(1) The provisions of this Section shall not apply to purchases made in the ordinary course of administration on terms of credit not to exceed ninety days. (2) In order to facilitate the review process for approval of financing of the purchases of movables, the State Bond Commission shall adopt rules and regulations to provide for an expedited review procedure for certain categories of such financing and shall determine which financing is to be reviewed under the expedited procedure. C.(1) As used in this Section, the term "debt" or "evidence of debt" shall not include a lease of a movable or an installment purchase agreement financing the purchase of a movable if the lease or installment purchase agreement contains a nonappropriation clause, and does not contain an anti-substitution or penalty clause; provided that if such lease or installment purchase agreement is entered into in conjunction with the issuance of bonds, notes, certificates, or other obligations which would otherwise be required to be approved by the State Bond Commission, State Bond Commission approval of such financing transaction shall continue to be required. (2) In order to facilitate the review process for approval of leases of movables that are not excluded from the term "debt" as provided in this Section, the State Bond Commission shall adopt rules and regulations to provide for an expedited review procedure for certain categories of such leases and shall determine which leases are to be reviewed under the expedited procedure. Acts 1990, No. 500, §1, eff. July 18, 1990; Acts 1991, No. 653, §1; Acts 1997, No. 360, §1; Acts 1999, No. 1364, §1.
LA Rev Stat § 39:1410.61 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.61. Approval of application; special fiscal elections

RS 1410.61 - Approval of application; special fiscal elections Before incurring any debt, holding any election to authorize the incurring of any debt or the levy of any special tax, borrowing any money for any purpose whatever, issuing any bonds or other evidences whatever of debt, levying any tax or pledging any tax or revenue or income for the payment of any such bonds or debt, where they are authorized so to do by the constitution and the laws of this state, every such governmental agency of the state of Louisiana named in R.S. 39:1410.60 shall obtain the consent and approval of the commission. Acts 1990, No. 500, §1, eff. July 18, 1990.
LA Rev Stat § 39:1410.62 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.62. Delinquent payments or fund transfers on outstanding indebtedness; notification to commission

RS 1410.62 - Delinquent payments or fund transfers on outstanding indebtedness; notification to commission All parishes, municipalities, and any other unit of local government, including but not limited to school boards and special districts, authorized by law to perform governmental functions, as well as any political subdivision creating same, shall notify the commission, in writing, whenever: (1) Transfers to any funds required to be established by resolution authorizing the issuance of bonds, certificates of indebtedness, or otherwise authorizing the incurring of indebtedness, have not been made timely. (2) Principal, interest, premiums, or other payments due on outstanding indebtedness have not been made timely. Acts 1990, No. 500, §1, eff. July 18, 1990.
LA Rev Stat § 39:1410.63 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.63. Penalties for violation

RS 1410.63 - Penalties for violation A. Any contract, debt, obligation, bond, or other evidence of indebtedness whatsoever, incurred or issued in violation of this Part, and without the consent and approval of the commission shall be null and void, and no court of this state shall have jurisdiction to enforce the payment thereof, or of any suit or other proceeding affecting or involving the same. B. Any person or any officer, agent, or employee of any governmental agency named in R.S. 39:1410.60, who violates this Part, or who counsels, aids, or abets the violation thereof, or who participates with others, or who engages or attempts to engage, in the borrowing or lending of, or any attempt to borrow or lend any money, the calling of any election, the incurring of any debt, the issuing or negotiation or sale of any bond or other evidence of debt whatsoever, the levying of any tax, the mortgaging of any land, building, machinery, and equipment, or the pledge of any tax, income, or revenues, without the consent and approval, first hand and obtained, of the commission, shall be fined not less than one hundred dollars and not more than five hundred dollars, and imprisoned for not more than six months. Acts 1990, No. 500, §1, eff. July 18, 1990.
LA Rev Stat § 39:1410.64 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.64. Approval of petitions in bankruptcy court

RS 1410.64 - Approval of petitions in bankruptcy court No petition in relation to the readjustment of the debts of any agency of the state of Louisiana included in the provisions of R.S. 39:1410.60 shall be received or filed in the courts of bankruptcy of the United States unless accompanied by the written consent of the commission, and no such plan of readjustment shall be put into temporary effect or finally confirmed without the written approval of the commission of such plans. Acts 1990, No. 500, §1, eff. July 18, 1990.
LA Rev Stat § 39:1410.65 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.65. Applications of provisions

RS 1410.65 - Applications of provisions The provisions of this Part shall extend and apply to any debt incurred or bond or other evidence of debt issued by any such governmental agency named in R.S. 39:1410.60, although the same has been authorized by an election of the qualified electors, although the same is being incurred or issued without an election or by agreement with the lender that no election shall be required, or although the same is otherwise incurred or issued under any provision of the constitution or laws of this state, including any and all charters of municipalities. Acts 1990, No. 500, §1, eff. July 18, 1990.
LA Rev Stat § 39:1410.66 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1410.66. Filing of bond transcripts

RS 1410.66 - Filing of bond transcripts A. Within six months of the closing of a bond issue or other evidence of debt by a political subdivision, the bond counsel shall transmit the bond transcript to the political subdivision. A copy of the transmittal letter shall also be filed with the State Bond Commission. B. Any bond counsel who violates this Section shall be subject to a civil penalty of not more than five thousand dollars as determined by the State Bond Commission. The State Bond Commission shall adopt rules and regulations to provide for the enforcement of this civil penalty. C. For purposes of this Section: (1) "Bond transcript" shall mean all relevant documents related to the bond or debt issue, including but not limited to the authorizing ordinance or resolution, debt instrument, amortization schedule, indenture or loan agreement, publication notice, bond counsel opinion, and special tax counsel opinion. (2) "Political subdivision" shall mean municipalities, parishes, and school boards. Acts 1999, No. 508, §1.
LA Rev Stat § 39:1411 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1411. No state assistance for discriminatory programs

RS 1411 - No state assistance for discriminatory programs No person in the State of Louisiana shall, on the ground of race, color, religion, or national origin, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any program or activity receiving state financial assistance. Added by Acts 1972, No. 540, §1.