reglab/housing_qa huggingface dataset:
LA Rev Stat § 39:564 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§564. Form of bonds; signing

RS 564 - Form of bonds; signing  The governing authority issuing the bonds, shall by resolution, fix the form and terms of the bonds, and the rate of interest, payable annually or semi-annually within the maximum rate prescribed hereby. The bonds shall be payable in the medium and at the place within or without the state as may be fixed by resolution. All bonds issued shall be signed by the president or chief executive officer, and the secretary or clerk of the subdivision or governing authority, under the seal of the subdivision; the coupons, if any, shall be signed by the facsimile signatures of the officers. The delivery of any bonds or coupons so executed at any time thereafter shall be valid although, before the date of delivery, the persons signing the bonds or coupons cease to hold office. NOTE: §564 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 564 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:565 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§565. Resolution prescribing terms; maturity

RS 565 - Resolution prescribing terms; maturity  The governing authority issuing the bonds, shall by resolution fix the times within the maximum period prescribed hereby, when the bonds shall become payable. The bonds shall be payable in such annual installments beginning in such number of years following the date thereof as may be determined by the governing authority. NOTE: §565 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 565 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Amended by Acts 1962, No. 129, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:566 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§566. Registration as to principal only

RS 566 - Registration as to principal only  Bonds issued hereunder may be either registered or coupon bonds. Coupon bonds may be registered as to principal in the holder's name on the books of the financial officer of the subdivision, the registration being noted upon the bonds by the financial officer, after which no transfer shall be valid unless made on the financial officer's books by the registered holder, and similarly noted on the bonds. Bonds registered as to principal may be discharged from registration by being transferred to bearer, after which they shall be transferable by delivery, but may be again registered as to principal as before. The registration of the bonds as to principal shall not restrain the negotiability of the coupons by delivery merely. NOTE: §566 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 566 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:567 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§567. Registration as to interest

RS 567 - Registration as to interest  Coupon bonds issued by any municipal corporation having a population of twenty thousand or more, according to the last federal census, or by any parish, may also be registered as to interest, and the coupons surrendered and interest made payable only to the registered holder of the bond. For that purpose the financial officer of the parish or municipal corporation shall detach and cancel the coupons and shall endorse a statement on the bonds that the coupon sheet issued therewith has been surrendered by the holder and the coupons cancelled by him, and that the semi-annual interest is thereafter to be paid to the registered holder or order by draft, check or warrant, drawn payable at a place of payment specified in the bond.  Bonds registered under this Section may with the consent of the municipal corporation or parish and holders of the bonds be reconverted into coupon bonds at the expense of the holder, and again reconverted into registered bonds from time to time as the governing authority of the municipal corporation or parish and the holders of the bonds may determine.  Parishes and municipal corporations are authorized to pass all resolutions and ordinances necessary to give effect to these provisions. NOTE: §567 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 567 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:568 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§568. Recital of regularity

RS 568 - Recital of regularity  Before bonds of any subdivision are issued, the governing authority shall investigate and determine the regularity of the proceedings. The resolution authorizing the bonds may direct that they shall contain the following recital: "It is certified that this bond is authorized by and is issued in conformity with the requirements of the constitution and statutes of this State." This recital shall be an authorized declaration by the governing authority of the subdivision and import that there is constitutional and statutory authority for incurring the debts and issuing the bonds; that all the proceedings therefor are regular; that all acts, conditions and things required to exist, happen and be performed precedent to and in the issuance of the bond have existed, happened and have been performed in due form, time, and manner as required by law; that the amount of the bond together with all other indebtedness does not exceed any limit or limits prescribed by the constitution and statutes of this state; and that an election has been duly and regularly held under the provisions of this Chapter. If any bond is issued containing the recital, it shall be conclusively presumed that the recital, construed according to the import hereby declared, is true, and neither the subdivision nor any taxpayer shall be permitted to question the validity or regularity of the obligation in any court or in any action or proceeding. NOTE: §568 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 568 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:569.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§569.1. Notice of default

RS 569.1 - Notice of default  The chief executive officer and the fiscal officer of a governing authority of a political subdivision that has issued bonds shall notify, or cause to be notified, the legislative auditor, in writing, that a failure to make a debt service payment by the political subdivision is reasonably likely to occur. The legislative auditor shall be notified either on or before one hundred twenty days before the due date of such payment, or as soon as the officers of the governing authority know, or have good reason to know, that such failure is reasonably likely to occur, whichever occurs last. NOTE: §569.1 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 569.1 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 1989, No. 108, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:570 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§570. Sale of bonds

RS 570 - Sale of bonds  All bonds issued hereunder shall be advertised for sale on sealed bids, which advertisement shall be published at least once a week for three weeks, the first publication to be made at least fifteen days preceding the date fixed for the reception of bids. Advertisement shall be in the official journal of the governing authority at least fifteen days before the date fixed for the reception of bids. Notice of sale shall also be published once a week for three weeks preceding the date fixed for the reception of bids, either in a financial paper published in the city of New York or the city of Chicago, or in a newspaper of general circulation published in a city of this state, having a population of not less than twenty thousand inhabitants, according to the last federal census.  The governing body may reject any and all bids. If the bonds are not sold pursuant to the advertisement, they may be sold by the governing body by private sale, within sixty 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 shall have been received. If not so sold, the bonds shall be readvertised in the manner herein prescribed. NOTE: §570 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 570 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Amended by Acts 1968, No. 72, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:570.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§570.1. Sale of bonds to encourage industrial enterprises; advertisement; no sale below par

RS 570.1 - Sale of bonds to encourage industrial enterprises; advertisement; no sale below par  Bonds issued for the encouragement of industrial enterprises shall be sold at public sale upon sealed bids after public advertisement. The notice calling for bids shall be published in the manner provided by Act No. 19 of the First Extraordinary Session of 1975, [R.S. 39:1421 to 39:1426], as the same now exists or may be hereafter amended. The notice also shall be published one time in either a newspaper of general circulation or a financial journal or newspaper containing a section devoted to municipal bond news published in either of the cities of New Orleans, Louisiana or New York, New York, and this publication shall be made at least seven days in advance of the date scheduled for the reception of bids for the securities. The bonds shall be sold to the highest bidder for not less than par, reserving the right to the governing authority to reject any and all bids. If the governing body rejects all bids, it may readvertise for new bids or negotiate publicly with the bidding groups, and may sell the bonds on terms more advantageous than the best bid submitted. If no bids are submitted, the governing body may sell the bonds on the best terms it can publicly negotiate, or may readvertise for new bids as provided herein. NOTE: §570.1 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 570.1 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1975, No. 154, §1; Acts 2018, No. 569, §2, eff. July 1, 2018.
LA Rev Stat § 39:571 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§571. Bond sale prices; application of premium and accrued interest

RS 571 - Bond sale prices; application of premium and accrued interest  A.(1) Bonds may be sold at the prices as provided in R.S. 39:1428 and the bidder for the bonds may stipulate in his bid that the proceeds of the bonds shall be deposited in a bank designated or to be designated by him to act as fiscal agent for the fund. Such stipulation shall be limited to the deposit of the bond proceeds and shall not extend to the taxes levied and collected to meet maturing bonds and coupons. The depository so designated must be a bank located in this state, which shall give security to the amount and in the manner required of fiscal agents and depositories of parishes, municipalities, and public boards under the laws of Louisiana. If any premium is received, any premium heretofore or hereafter received in connection with any bonds may be applied to either of the following:  (a) Any purpose for which the bonds are being issued and shall be deposited in the same account into which the bond proceeds are deposited.  (b) The payment of the principal or the interest on the bonds, and shall be deposited in the bank along with taxes levied and collected for that purpose.  (2) If any accrued interest is received, any interest received in connection with any bonds shall be applied to the payment of the principal or to the interest on the bonds, and shall be deposited in the bank along with taxes levied and collected for that purpose.  B. Notwithstanding the provisions of R.S. 39:551 to the contrary, the provisions of this Section shall apply to all municipalities. NOTE: §571 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 571 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Amended by Acts 1982, No. 224, §1, eff. July 15, 1982; Acts 2016, No. 195, §1, eff. May 26, 2016; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:572 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§572. Misconduct of governing officers; impeachment

RS 572 - Misconduct of governing officers; impeachment  Any member of the governing authority of any political subdivision, which incurs debt and issues bonds for works of public improvement, who votes in favor of the sale or disposition of the bonds on terms and conditions different from those named in the law, or at a price less than the minimum fixed by the constitution and the law, shall be deemed guilty of gross misconduct in office, and shall be impeached and removed from office in the manner provided by Section 6, Article IX of the constitution. NOTE: §572 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 572 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:573 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§573. Violations of law in connection with sales of bonds

RS 573 - Violations of law in connection with sales of bonds  A. It shall be unlawful, within the meaning of this Section and R.S. 39:572:  (1) To sell or dispose of bonds authorized for works of public improvement except for cash, or at a price less than that fixed by the constitution and the law.  (2) To sell or dispose of bonds upon any understanding which tends to hamper or restrict the free letting of public work by the governing authority. Any contract let contrary to this provision shall be contra bonos mores, and void and unenforceable, provided, nothing herein contained shall affect the rights of bona fide purchasers of such bonds, who hold them for value as innocent third holders.  B. It shall also be unlawful, within the meaning of this Section and R.S. 39:572:  (1) For any bidder or prospective purchaser of bonds to propose, or for the governing authority to entertain any proposal for the purchase of bonds which is coupled with a stipulation that the bidder shall have the right to name or suggest the name of the contractor or builder to do the work for which the bonds are to be sold, or coupled with any other condition calculated to affect the free letting of the public work.  (2) For any person to act in collusion to restrict free bidding for bonds when offered for sale. NOTE: §573 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 573 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:574 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§574. Penalties

RS 574 - Penalties  A. Any member of any governing authority, and any original purchaser or agent who violates any of the provisions of R.S. 39:572 or 39:573 shall be fined not less than one hundred dollars nor more than one thousand dollars or shall be imprisoned for not more than six months, or both.  B. Any person, firm or corporation violating the provisions of R.S. 39:572 or 39:573 shall be further liable, in solido, in a civil action, for the difference between the amount received for the bonds and the minimum amount fixed by the constitution and the law for which the bonds could legally be sold. Suit for the recovery of this difference shall be brought by the Attorney General or the district attorney on his own initiative, or when directed to do so by the governor, for the benefit of the treasury of the governing authority which sold the bonds. NOTE: §574 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 574 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:575 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§575. Exemption from taxation

RS 575 - Exemption from taxation  All bonds issued under the provisions of this Subpart shall be exempt from taxation. NOTE: §575 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 575 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:576 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§576. Bonds negotiable and incontestable

RS 576 - Bonds negotiable and incontestable  Bonds issued under this Subpart shall have all the qualities of negotiable paper and shall not be invalid for any irregularity or defect in the proceedings for their issuance and sale, and shall be incontestible in the hands of bona fide purchasers or holders for value. NOTE: §576 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 576 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:577 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§577. Application of proceeds

RS 577 - Application of proceeds  The proceeds of the sale of bonds issued under the provisions of this Subpart shall constitute a trust fund to be used exclusively for the purpose or purposes for which the bonds are authorized to be issued, but the purchaser of the bonds shall not be obliged to see to the application thereof. In the event that all or part of the proceeds of the sale of such bonds are no longer needed for the purpose for which the bonds were authorized to be issued, the governing authority of the subdivision which has issued such bonds may use the proceeds of the sale of such bonds for a purpose different from that for which the bonds were originally issued, provided that such new purpose is one for which the bonds could have been issued in the original instance and provided further that such proposed action shall have been approved by a majority in number and amount of the qualified property taxpayers voting at an election held in the manner provided by the provisions of this Chapter for authorizing bonds. In the event any governing authority has, prior to May 1, 1950, taken action substantially like that herein provided in order to obtain authorization to use the proceeds of the sale of bonds for a purpose different from that for which the bonds were originally issued, such action is hereby approved, validated and ratified. NOTE: §577 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 577 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Amended by Acts 1950, No. 502, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:578 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§578. No other statutes applicable

RS 578 - No other statutes applicable  This Subpart shall be full authority for the issue and sale of the bonds authorized herein. No ordinance, resolution, or proceeding, in respect to the issuance of any bonds hereunder shall be necessary, except such as are required by this Subpart. No promulgation or publication of any resolution, ordinance, or proceeding, relating to the issuance of the bonds shall be necessary, except such as is required by this Subpart. Any publication prescribed hereby may be made in any newspaper conforming to the terms of this Subpart without regard to designation thereof as the official journal of the subdivision. NOTE: §578 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 578 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:611 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§611. Authority to issue refunding bonds; purpose

RS 611 - Authority to issue refunding bonds; purpose  For the purpose of readjusting, refunding, extending, and unifying the whole or any part of its outstanding indebtedness, including bonds supported by special taxes, bonds issued under the constitution of 1913, Article 281, Section 4, bonds issued under Article XIV, Section 14(e) of the constitution of 1921, bonds assumed under Article XIV, Section 14(k) of the constitution of 1921, and any general indebtedness existing January 1, 1921, the governing authority of any subdivision, where approval of the issuance at an election is required, may issue refunding bonds under the provisions of this Subpart not exceeding in amount the principal sum of the bonds or indebtedness refunded and the interest due thereon, when authorized by a vote of a majority of the qualified electors voting at a special election held under the provisions of Act No. 18 of the First Extraordinary Session of 1975, [R.S. 39:501 to 39:514]. NOTE: §611 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 611 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Amended by Acts 1975, No. 163, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:612 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§612. Pledge and tax for refunding bonds

RS 612 - Pledge and tax for refunding bonds  The payment of the principal and interest of refunding bonds may be secured by not more than two mills of the general alimony tax of the subdivision or by the levy of special taxes in excess of all other taxes sufficient to pay the interest annually or semi-annually and the principal falling due each year. Whenever any subdivision issuing bonds hereunder has outstanding bonds secured by the levy of special taxes, the refunding bonds shall likewise be secured by the levy of special taxes. NOTE: §612 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 612 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:612.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§612.1. Limitations in R.S. 39:562 inapplicable

RS 612.1 - Limitations in R.S. 39:562 inapplicable  The limitations as to the assessed value contained in R.S. 39:562 shall not apply to any refunding bonds issued hereunder. NOTE: §612.1 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 612.1 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Added by Acts 1975, No. 163, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:613 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§613. Ballot for refunding bonds

RS 613 - Ballot for refunding bonds  The ballots to be used at special elections held under this Subpart shall be in substantially the following form: Shall __________________________ issue (Sub-division) refunding bonds as follows: In the amount of $________ bearing interest at rate of _____%,  to run _____ years. To be identified with the outstanding bonds of ____________________ __________________________________________________________ YES  (Designate issue to be refunded) Taxable valuation $__________________________________________ NO _____________________________________________________________ (Signature of Voter)  NOTICE TO VOTERS: To vote in favor of the proposition submitted on this ballot, place a cross (X) mark after the word "YES"; to vote against it, place a similar mark after the word "NO". NOTE: §613 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 613 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 2018, No. 569, §2, eff. July 1, 2021.
LA Rev Stat § 39:614 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§614. Procedure

RS 614 - Procedure  The proceedings to authorize the issue of refunding bonds under this Subpart shall in all other respects conform to the provisions of Part II* of this Chapter for incurring debt and issuing bonds, insofar as those provisions are applicable. NOTE: §614 as repealed by Acts 2018, No. 569, eff. July 1, 2021. RS 614 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.  Acts 2018, No. 569, §2, eff. July 1, 2021. *R.S. 39:501 et seq. (Repealed; see, now, R.S. 18:1281 et seq.)