reglab/housing_qa huggingface dataset:
LA Rev Stat § 39:1127 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1127. Application of proceeds

RS 1127 - Application of proceeds The proceeds of the sale of bonds issued under the provisions of this Chapter shall constitute a trust fund to be used exclusively for the purpose for which the bonds are authorized to be issued, but the purchaser of the bonds shall not be obligated to see to the application thereof.
LA Rev Stat § 39:1128 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1128. Penalty for violations

RS 1128 - Penalty for violations Any willful failure or neglect to comply with the requirements of this Chapter, or its willful violation by any officer, agent or employee of any subdivision herein defined, shall be punished by a fine of not less than twenty five dollars, or not more than five hundred dollars, or by imprisonment not exceeding one year, with or without hard labor, or by both fine and imprisonment.
LA Rev Stat § 39:1129 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1129. Terms defined

RS 1129 - Terms defined The term "general alimony tax" as used in this Chapter shall be construed to mean the parish or municipal tax authorized by Sections 11 and 12 of Art. XIV of the constitution of 1921 or such parish or municipal tax as may be authorized hereafter by constitutional provisions.
LA Rev Stat § 39:1171 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1171. Parish governing authorities, school boards and municipal corporations may appropriate portion of taxes to pay indebtedness

RS 1171 - Parish governing authorities, school boards and municipal corporations may appropriate portion of taxes to pay indebtedness Parish governing authorities, school boards and municipal corporations, the city of New Orleans excepted, may dedicate, appropriate and pledge not more than two mills of the taxes respectively authorized to them for a period not exceeding twenty-five years, for the payment of any indebtedness, matured or unmatured, exclusive of bonded indebtedness, lawfully incurred or contracted prior to July 1, 1942, and they may issue certificates of indebtedness therefor. Certificates of indebtedness may be issued also for the payment of all expenses incurred or contracted in the issuance of the certificates of indebtedness, and if the expenses are so provided for, certificates covering them shall be included in the issue herein provided for.
LA Rev Stat § 39:1172 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1172. Duty of governing authority when certificates are authorized

RS 1172 - Duty of governing authority when certificates are authorized The certificates shall be issued only when authorized by ordinance or resolution passed by the governing authority issuing them and when certificates have been so authorized the governing authority shall dedicate, set aside and pledge not more than two mills of the tax authorized to them for the payment of the certificates, in principal and interest; and thereafter, to keep the funds derived from the tax separate from other funds of the parish, school board, or municipal corporation, and shall devote the entire proceeds of the tax as pledged, or so much thereof as may be necessary, to the payment of the principal and interest on the certificates. The fund shall not be drawn upon to the prejudice of the certificates, or interest accruing thereon, by the governing authority issuing the certificates, or by its successors.
LA Rev Stat § 39:1173 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1173. To whom certificates of indebtedness may be issued

RS 1173 - To whom certificates of indebtedness may be issued For the purpose of evidencing the indebtedness, the governing authorities of parishes, school boards and municipal corporations, subject to the conditions hereinafter prescribed in this Chapter, may issue to any creditor, his representative, assignee, or transferee, a certificate of indebtedness for the amount of the debt due him; provided that two or more debts may be combined and a certificate issued for the whole.
LA Rev Stat § 39:1174 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1174. Supplementary method of paying claims

RS 1174 - Supplementary method of paying claims As an additional and supplementary method of paying and liquidating the claims, accounts or charges composing the aforesaid indebtedness, the governing authorities of municipal corporations, parishes, and school boards may fund the avails of all or any portion of the specified two mills tax into negotiable certificates of indebtedness. The avails shall be sufficient in amount to pay the principal and interest on the certificates which shall be secured exclusively as to payment as hereinbefore provided and which shall be in such denomination as the issuing body may prescribe by resolution or ordinance promulgated once in its official journal, or in any other newspaper in general circulation in the parish where the issuing body is situated.
LA Rev Stat § 39:1175 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1175. Contest

RS 1175 - Contest For a period of thirty days after the promulgation of any resolution issuing the certificates of indebtedness as provided for in this Chapter, in whole or in part, any party in interest shall have the right of action in any court of competent jurisdiction to contest the correctness, the validity, and legality of the debts for which the certificates are issued, and also the issuance, the sale and the validity of the certificates of indebtedness, and the security pledged for the payment thereof. After thirty days no one shall have the right to enter a contest for any cause whatsoever.
LA Rev Stat § 39:1176 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1176. Form of certificates

RS 1176 - Form of certificates The certificates of indebtedness shall be executed and signed by the president and secretary or clerk of the parish governing body or school board, or by the mayor and secretary or clerk of the municipal corporation issuing them, or by other officials whose positions correspond to those mentioned. The interest shall be evidenced by coupons bearing facsimiles of the signatures of the above officials and the certificates shall be negotiable.
LA Rev Stat § 39:1177 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1177. Sale of certificates, par; interest

RS 1177 - Sale of certificates, par; interest The certificates of indebtedness may be sold at either private or public sale within the discretion of the issuing bodies but no certificate shall be sold for less than par plus accrued interest to the date of delivery, and no certificate shall bear a greater rate of interest than six per cent per annum, payable semi-annually, or annually within the discretion of the issuing body, or run for a longer period than twenty-five years from its date.
LA Rev Stat § 39:1178 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1178. Sale of certificates; publication

RS 1178 - Sale of certificates; publication A. If the issuing bodies deem it to their best financial interest to sell the certificates at public sale, then all certificates issued by authority of this Chapter shall be advertised for sale on sealed bids, and the advertisements shall be published at least one time in a newspaper published in the subdivision of the issuing body, or if there be none, in a newspaper published in the parish in which the subdivision is situated, or if there be none, then in a newspaper published in an adjoining parish and posted in three public places in the subdivision or parish of the issuing body, seven clear days before the date fixed for the reception of bids. Notice of the sale shall also be published one time at least seven clear days preceding the date fixed for the reception of bids in a newspaper of general circulation in a city of this state having a population of not less than twenty thousand according to the last federal census. The governing body may reject any and all bids. B. If the certificates are not sold pursuant to such advertisement, they may be sold by the governing body at private sale, within thirty days after the date advertised for the reception of sealed bids, but no private sale shall be made at a price less than the highest bid which had been received. If not so sold, the certificates shall be readvertised in the manner herein prescribed.
LA Rev Stat § 39:1179 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1179. Proceeds of sale of certificates to go into special fund

RS 1179 - Proceeds of sale of certificates to go into special fund The proceeds from the sale of the certificates shall be deposited in a separate and special fund and used exclusively for the payment, satisfaction and liquidation of the claims, accounts or charges composing the indebtedness. The interest on the principal of the certificates, accruing from the dates thereof until the date of delivery to the purchasers, shall be deposited by the issuing body in a separate and segregated account in order to establish a sinking fund, to be added to and supplemented by the proceeds from the collections from the dedicated and pledged tax of two mills, or portion thereof, which segregated and special fund shall continue to exist and be preserved for the payment in full or the discharge of the certificates in principal and interests as they severally mature.
LA Rev Stat § 39:1211 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1211. Depositing authorities defined

RS 1211 - Depositing authorities defined The term, "local depositing authorities", includes all parishes, municipalities, boards, commissions, sheriffs and tax collectors, judges, clerks of court, and any other public bodies or officers of any parish, municipality or township, but it does not include the state and its elected officials, and state commissions, boards, and other state agencies.
LA Rev Stat § 39:1212 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1212. Daily deposits

RS 1212 - Daily deposits After the expiration of existing contracts, all funds of local depositing authorities shall be deposited daily whenever practicable, in the fiscal agency provided for, upon the terms and conditions, and in the manner set forth in this Chapter. Deposits shall be made in the name of the depositing authority authorized by law to have custody and control over the disbursements.
LA Rev Stat § 39:1213 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1213. Fiscal agencies designated

RS 1213 - Fiscal agencies designated The fiscal agency with which funds are deposited shall be a stock-owned federally insured depository institution organized under the laws of this state or of any other state of the United States, or under the laws of the United States, as may be selected by the depositing authority under the provisions of this Chapter. Acts 2001, No. 1223, §2.
LA Rev Stat § 39:1214 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1214. Bids to be invited

RS 1214 - Bids to be invited A. Local depositing authorities shall, within thirty days prior to the expiration of any contract that may be entered into under this Chapter, give written notice to each of the banks located in any parish which embraces all or any portion of the political subdivision in which the depositing authority is domiciled and for which it acts, setting forth the intention of the depositing authority to select a fiscal agency. This notice shall specify the time for which the fiscal agency contract shall be made and the conditions and terms of the fiscal agency contract proposed; and it shall invite bids under the terms and conditions of the proposal. A copy of the notice shall be published in the official journal of the depositing authority at least three times, the first notice to be published at least fifteen days preceding the date for the selection of the fiscal agency. B. Notwithstanding any other provision of law to the contrary, the term of the local depository contract of the Lafayette Parish Clerk of Court for the fiscal agency may be for a period not to exceed the term of the clerk. C. Notwithstanding any other provision of law to the contrary, the term of a fiscal agency contract of the Bossier Parish clerk of court may be for a period not to exceed the term of the clerk. D. Notwithstanding any other provision of law to the contrary, the term of a fiscal agency contract of the Caddo Parish clerk of court may be for a period not to exceed the term of the clerk. Amended by Acts 1968, No. 71, §1; Acts 1997, No. 190, §1; Acts 2005, No. 12, §1.
LA Rev Stat § 39:1215 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1215. Depositing authorities located in parishes or municipalities of over one hundred thousand; private contract with banks

RS 1215 - Depositing authorities located in parishes or municipalities of over one hundred thousand; private contract with banks A. If any local depositing authority, located in whole or in part in any parish or municipality with a population of over one hundred thousand, is unable to arrive at a satisfactory fiscal agency contract with a bank located in this state, it may consummate a private contract for deposits or loans or both, either within or without this state, subject to the following provisions: (1) If any bank located within this state has signified in advance its intention to participate in the private contract and has further specified in advance the amount and extent to which participation is desired, the bank shall have the right to participate in the amount and to the extent so specified in advance, upon the same terms and conditions as all banks within or without the state participating in the private contract. (2) No private contract shall be entered into by any depositing authority, located in whole or in part in any parish or municipality having a population of over one hundred thousand, with any bank, located either within or without the state at a greater rate of interest on loans than is provided for in this Chapter. (3) For all funds deposited under any private contract entered into under the provisions of this Chapter, the depositing authority shall require from the depository bank security of the same class and in the same amount as provided for deposits of all other public funds under the provisions of this Chapter. (4) All the provisions of this Chapter, relating to the method of realizing upon the security in the event of failure or suspension of any depository bank, except as these provisions may be in conflict with the laws of any state other than this state, shall be complied with and shall be acknowledged to be in full force and effect upon the consummation of the private contract with any bank within or without this state. (5) The depositing authority may adjust the deposits under its control to the bank within or without the state which participate in the private contract in such proportionate amount as to compensate the bank for its participation therein.
LA Rev Stat § 39:1216 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1216. Depositing authorities located in parishes or municipalities of over one hundred thousand; supplemental private contracts with banks

RS 1216 - Depositing authorities located in parishes or municipalities of over one hundred thousand; supplemental private contracts with banks If a local depositing authority, located in whole or in part in a parish or municipality having a population of over one hundred thousand finds existing contracts, or any subsequent contracts, inadequate to meet its needs and requirements, it may enter into such a supplemental contract with any bank within or without the state as is deemed necessary best to meet its needs and requirements; provided, that all of the provisions of this Chapter, with respect to security for deposits and other requirements are complied with.
LA Rev Stat § 39:1217 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1217. Depositing authorities located in parishes or municipalities of less than one hundred thousand; private contracts with banks

RS 1217 - Depositing authorities located in parishes or municipalities of less than one hundred thousand; private contracts with banks If any depositing authority, located in any parish or municipality with a population of less than one hundred thousand, advertises for banks to qualify as fiscal agents under the provisions of this Chapter and no bank qualifies, or sufficient banks do not qualify, the depositing authority may make private arrangements and enter into written contracts, with respect to amounts to be loaned, interest on loans, and otherwise, not in conflict with any other provisions of this Chapter. The contracts shall be made with banks in the parish, municipality or congressional district, or as near thereto as practical.
LA Rev Stat § 39:1217.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1217.1. Depositing authorities located in parishes or municipalities of less than one hundred thousand; exemption

RS 1217.1 - Depositing authorities located in parishes or municipalities of less than one hundred thousand; exemption Any depositing authority located in a parish or municipality with a population of less than one hundred thousand shall generally be exempt from the provisions of R.S. 39:1214 through 1242; however, such a depositing authority shall satisfy the security requirements of those Sections and of any other applicable state or federal laws or regulations. All funds except demand deposits under the control of such depositing authorities shall be placed in interest-bearing accounts at an interest rate of not less than twenty-five percent below the discount treasury bill rate with regard to treasury bills of comparable maturity on deposit within the parish or municipality, in state banks, national banks, or investments in obligations guaranteed by the federal government. Acts 1989, No. 772, §2; Acts 2004, No. 560, §1, eff. July 1, 2004.
LA Rev Stat § 39:1218 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1218. Fiscal agent banks and private contract banks; security and service

RS 1218 - Fiscal agent banks and private contract banks; security and service Any bank selected as the fiscal agency of any depositing authority, or any bank with whom a private contract is entered into, whether the bank is within or without the state, shall give security for the safekeeping and payment of the deposits and shall perform other services for the depositing authority as and in the manner provided elsewhere in this Chapter.
LA Rev Stat § 39:1219 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1219. Fiscal agent banks; trust funds and security

RS 1219 - Fiscal agent banks; trust funds and security Any fiscal agent bank, operating under the laws of this state for the purpose of paying bonds and coupons of this state, of any political subdivision, or of any depositing authority, shall set aside all such funds deposited by any depositing authority as trust funds, and it shall deposit and maintain with an unaffiliated bank, the security designated in R.S. 39:1221 in the same manner provided in R.S. 39:1221; R.S. 39:1223; R.S. 39:1224. This security shall be for the account of the depositing authority, and, as a guarantee against loss to either the depositing authority or the holders of the bonds and coupons, it shall at all times be equal to one hundred per cent of the balance on deposit in the trust funds. The provisions of this Section shall apply, except as they may be in conflict with the laws of other states, to all funds deposited in any bank located in any state other than this state, where money is deposited or paid for the purpose of paying bonds and coupons of any depositing authority.
LA Rev Stat § 39:1220.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1220.1. Local depositing authorities; activity charges

RS 1220.1 - Local depositing authorities; activity charges Notwithstanding any provision of law to the contrary, all fiscal agent or depository banks shall pay at par and receive on deposit at par all checks and drafts drawn by or deposited for the account of the local depositing authority on whatsoever points the checks may be drawn, except as otherwise agreed upon by the parties. The local depositing authority may elect to pay for services rendered by the bank either through compensating balances or through the assessment of service or activity charges, or any combination thereof, as may be agreed upon by the local depositing authority and the fiscal agent or depositing bank. Acts 1991, No. 1008, §2; Acts 1992, No. 587, §1.
LA Rev Stat § 39:1222 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1222. Security of deposits; approval by depositing authority

RS 1222 - Security of deposits; approval by depositing authority Where any fiscal authority elects to deposit as security any bonds, certificates of indebtedness, paving certificates, promissory notes, evidence of participation in promissory notes or other interest-bearing securities or obligations, these securities shall be approved by the depositing authority as being eligible as security under the terms of this Part and as being sufficient for the indemnity contemplated by this Part. Amended by Acts 1968, No. 287, §1.
LA Rev Stat § 39:1223 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1223. Security for deposits; value of securities

RS 1223 - Security for deposits; value of securities Any bonds and certificates of indebtedness, including paving certificates, of any authority referred to in R.S. 39:1221(1), whose revenue in whole or in part is not derived from ad valorem taxes, and any paving certificates of any authority referred to in R.S. 39:1221(1), which are not secured by an unlimited ad valorem tax, and all other eligible bonds, certificates of indebtedness, paving certificates, promissory notes, evidence of participation in promissory notes and other interest-bearing securities or obligations shall be accepted as security at their market value excluding accrued interest; provided that in the case of bonds or other interest-bearing obligations guaranteed as to principal and interest by the United States or any agency thereof, or bonds of any parish, municipality, industrial district or industrial board which are secured by a lease executed in accordance with the provisions of Article XIV, Sections 14(b.2) and 14(b.3) of the Constitution of 1921 or R.S. 39:1001 et seq. or R.S. 51:1151 et seq., as amended, and partially or fully guaranteed by the Louisiana Board of Commerce and Industry in accordance with the provisions of the Bond Lease Guarantee Act* of the 1968 Regular Session of the Louisiana Legislature, the market value of said bonds or obligations, excluding accrued interest, shall not be deemed to exceed an amount in excess of the principal so guaranteed. The market value of the securities used to secure deposits as provided herein may be calculated on the basis of the quarterly reports of financial conditions submitted by the fiscal agent bank to the office of financial institutions, Federal Deposit Insurance Corporation, or Office of the Comptroller of the Currency using the valuations derived from any national securities index, register, or publication, or in any other reasonable manner acceptable to the depositing authority. Amended by Acts 1968, No. 287, §1; Acts 1986, No. 373, §1. *NOTE: ACTS 1968, NO. 697, A PROPOSED CONSTITUTIONAL AMENDMENT, WAS NOT APPROVED BY THE ELECTORATE.