reglab/housing_qa huggingface dataset:
LA Rev Stat § 39:1224 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1224. Security for deposits; authorized depositories

RS 1224 - Security for deposits; authorized depositories The bonds, certificates of indebtedness, paving certificates, promissory notes, evidence of participation in promissory notes, and other interest-bearing securities or obligations furnished as security, shall be deposited with the depositing authority or with an unaffiliated bank or trust company or federal reserve bank or any Federal Home Loan Bank or its successor; such security, whether in the hands of the depositing authority or held in safekeeping or trust by any bank, trust company, federal reserve bank or Federal Home Loan Bank or its successor, shall be deemed to be under the control and in the possession of the depositing authority and deemed to be held in its name by the depository bank, trust company, federal reserve bank or Federal Home Loan Bank or its successor. The depository bank or trust company or federal reserve bank must be acceptable to both the depositing authority and the fiscal agent bank, and, if these two cannot agree, the commissioner of financial institutions shall designate a depository. Banks or trust companies which are subsidiaries of a bank holding company shall not be considered affiliated for the purposes of this Section. Acts 1989, No. 772, §2; Acts 1990, No. 919, §1.
LA Rev Stat § 39:1225 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1225. Security for deposits; amount of security

RS 1225 - Security for deposits; amount of security The amount of the security shall at all times be equal to one hundred percent of the amount of collected funds on deposit to the credit of each depositing authority except that portion of the deposits insured by any governmental agency insuring bank deposits which is organized under the laws of the United States. Acts 1995, No. 1126, §3, eff. June 29, 1995.
LA Rev Stat § 39:1226 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1226. Additional security; failure to provide

RS 1226 - Additional security; failure to provide If the security required under the provisions of R.S. 39:1221, R.S. 39:1223, R.S. 39:1224, or R.S. 39:1225 is not furnished by a fiscal agency or depository bank, the depositing authority may require such additional or other security as shall bring the total to the required amount. If any bank fails to comply, within five business days from receipt of demand for such additional security, a meeting of the depositing authority may forthwith convene and declare the contract cancelled. If cancelled the depositing authority shall immediately proceed in the same manner as in the case of original letting, and relet the deposits of the bank for the unexpired term of the agency, under the terms and upon the conditions provided in this Chapter.
LA Rev Stat § 39:1227 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1227. Failure of depository; depositing authority holding own notes; right to set-off

RS 1227 - Failure of depository; depositing authority holding own notes; right to set-off Any depositing authority which holds its own note as security, in whole or in part, for its deposits in any bank, shall, if the bank fails, have the right to set-off its deposits against its note; and shall have the same right with respect to evidence of participation by its own note held by it as security, provided the right of set-off does not affect the rights of other holders of evidence in the notes.
LA Rev Stat § 39:1228 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1228. Failure of depository; participation in dividends

RS 1228 - Failure of depository; participation in dividends If any depository bank fails or suspends payment, the depositing authority shall participate in all dividends paid by the bank to other depositors, on the basis of the amount on deposit on the date the depository bank fails or suspends payment. The security shall be retained by the depositing authority, subject to the terms of R.S. 39:1222 and R.S. 39:1229, to enforce collection of that portion of the deposits which, in the opinion of the depositing authority, would result in a loss.
LA Rev Stat § 39:1229 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1229. Failure of depository; sale of security

RS 1229 - Failure of depository; sale of security If any depository bank fails or suspends, or fails on due demand without just cause, to pay any funds deposited with it, the fiscal officer with whom the collateral has been deposited as security, by direction of the authority which let the deposit in the bank, shall, after ten days advertisement in any newspaper published at the domicile of the authority, sell the security for a sufficient amount to cover the deposit and accrued interest, to the highest bidder. The fiscal officer with whom the collateral was deposited as security may, with the approval of the depository bank, or receiver, or liquidator, or judge of court who has jurisdiction over the receiver or liquidator, sell at private sale the security or a sufficient amount thereof to cover the deposit.
LA Rev Stat § 39:1230 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1230. Deposit of proceeds of bonds; not subject to foregoing rules

RS 1230 - Deposit of proceeds of bonds; not subject to foregoing rules Local depositing authorities which have the right to deposit public funds and which may have bonds for sale, may, pursuant to an agreement with the purchaser of the bonds, deposit the proceeds of the bonds, until used, in any bank located within or without the state which purchased the bonds or which may be designated by the purchaser of the bonds. The deposit shall be upon such terms and conditions, including security, as may be provided in the agreement; provided that the amount of security required shall at all times be equal to one hundred per cent of the balance on deposit, and the kind of security required shall be the same as that specified in R.S. 39:1221. The provisions of R.S. 39:1220 shall not apply to any deposit made pursuant to this Section.
LA Rev Stat § 39:1231 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1231. Funds in registry of court; deposit

RS 1231 - Funds in registry of court; deposit A. All funds deposited in the registry of any court or coming into the hands of the clerk of court in any judicial proceedings and not belonging to such officer, shall be deposited in the bank previously selected by the clerk of court as his fiscal agent subject to any rule or order of the court, except in the parish of Orleans, where such funds shall be subject to such rules and regulations as may be prescribed by the judges of the civil district court. The interest earned on all such deposits shall accrue to the party or parties finally decreed to be entitled to the ownership thereof. B. All funds which are deposited in the registry of any court shall be deposited in interest-bearing accounts in any bank or savings and loan association previously selected by the clerk of court as his fiscal agent; however, in no case shall funds deposited in the registry of any court pursuant to an expropriation by declaration of taking or pursuant to any acquisition of property prior to judgment as provided by law be required to be deposited in an interest-bearing account as provided herein until thirty days after receipt by the court. Except as provided in R.S. 13:475(B) the interest earned on all such deposits shall accrue to the party or parties finally decreed to be entitled to the funds deposited. Acts 1988, No. 678, §1; Acts 1991, No. 115, §2.
LA Rev Stat § 39:1232 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1232. Responsibility of depositing officials

RS 1232 - Responsibility of depositing officials The treasurer of any depositing authority, or any other public official, having custody of public funds, shall not be responsible for any money or moneys deposited in the bank selected by the authority having the right to select the depository under the provision of this Chapter, but depositing authorities shall be responsible for the safekeeping and returning of the collateral deposited with them by fiscal agent banks and depositories as security for the deposits made with fiscal agent banks and depositories.
LA Rev Stat § 39:1233 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1233. Bank officer who is member of depositing board not to vote for his bank

RS 1233 - Bank officer who is member of depositing board not to vote for his bank An officer of any bank who is a member of any board having authority to let public funds shall not cast any vote in favor of any bank of which he is an officer.
LA Rev Stat § 39:1233.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1233.1. Bank officer, director, or employee who is member of depositing authority; recusal

RS 1233.1 - Bank officer, director, or employee who is member of depositing authority; recusal Notwithstanding any provision of Chapter 15 of Title 42 of the Revised Statutes of 1950 or any other law to the contrary, any member of a local depositing authority, including the chief executive officer thereof, may serve as an officer, director, or employee, whether compensated or not, of any national or state bank; provided that he shall recuse himself from voting in favor of any such bank and shall disclose the reason for such recusal by filing same into the minutes or record of the local depositing authority and by forwarding a disclosure form to the Board of Ethics. The Board of Ethics shall develop, in accordance with the Administrative Procedure Act, a disclosure form to be utilized in complying with the provisions of this Section. Acts 1991, No. 1008, §2; Acts 1996, 1st Ex. Sess., No. 64, §11, eff. Jan. 1, 1997.
LA Rev Stat § 39:1234 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1234. Existing contracts not affected

RS 1234 - Existing contracts not affected Nothing in this Chapter shall be construed as abrogating or cancelling any existing contracts on the part of any local depositing authority, all of which shall remain in full force and effect until their expiration.
LA Rev Stat § 39:1235 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1235. Termination of contracts; set-off by depository

RS 1235 - Termination of contracts; set-off by depository Whenever the contract of any depositing authority with any fiscal agent or depository terminates by limitation or otherwise, or when any fiscal agent or depository fails or suspends payment, the fiscal agent or depository or the receiver or liquidator thereof, as the case may be, may charge against the balance of the depositing authority the amount due on any promissory note or evidence of participating in any promissory note of the depositing authority owned by fiscal agent or depository. However, in no case shall the right of set-off be effective as against the rights of any pledgee or transferee in due course for value of any such promissory note or evidence of participating in any promissory note of the depositing authority.
LA Rev Stat § 39:1241 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1241. Fiscal agent banks for cities over one hundred fifty thousand population

RS 1241 - Fiscal agent banks for cities over one hundred fifty thousand population Fiscal agent banks for the deposit of funds belonging to cities in this state having a population exceeding one hundred fifty thousand according to the last preceding federal census of the United States, for which the official figures have been published, or any department, board, commission, or institution thereof, shall be selected and designated in the manner provided by resolution or ordinance of the commission council or the governing body, of the cities and under the terms and conditions deemed appropriate or advisable by them.
LA Rev Stat § 39:1243 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1243. Securities under control of depositing authorities

RS 1243 - Securities under control of depositing authorities All securities pledged for deposit of public funds belonging to cities of this state having a population exceeding one hundred fifty thousand, either in physical possession of the depositing authority or deposited under joint custodianship in the safety deposit vault of the depository, or held in trust by any bank or trust company for account of any depositing authority under this Part, shall be deemed to be under the control and in the possession of the depositing authority and shall be delivered into the custody of the commissioners of public finance, or the finance officers of the cities for the account of the depositing authority if, as and when demanded; provided, that no depositing authority under this Part may make the demand unless it has first obtained the approval of the commission council or the governing body of the city in which the fiscal agent bank is located.
LA Rev Stat § 39:1244 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1244. Responsibility of depositing authorities for funds deposited; for collateral

RS 1244 - Responsibility of depositing authorities for funds deposited; for collateral Neither the commissioners of public finance, nor the finance officers of cities located in this state having a population exceeding one hundred fifty thousand, nor any department, board, commission, or institution thereof, nor any other depositing authority named in this Part which has complied with the provisions contained herein, shall be responsible for any funds deposited in depositories selected by the commission councils or governing bodies of the cities; but all depositing authorities shall be responsible for the safe keeping and returning of the collateral deposited with them by fiscal agent banks as security for the deposits by them made with the depositories.
LA Rev Stat § 39:1245 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1245. Depositing authority and fiscal agent bank defined

RS 1245 - Depositing authority and fiscal agent bank defined "Depositing authority" as used in this Part means the commissioner of public finance or the finance officer, or any department, board, commission, or institution of cities located in this state having a population exceeding one hundred fifty thousand according to the last preceding census of the United States for which the official figures have been published, and "fiscal agent bank" or "depository" means any bank selected and designated by the commission council or governing body of such cities, for deposit of funds belonging to or held in custody for the above designated cities or any department, board, commission, or institution thereof.
LA Rev Stat § 39:1271 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1271. Repealed by Acts 1991, No. 1008, §3.

RS 1271 - Repealed by Acts 1991, No. 1008, §3.
LA Rev Stat § 39:1272 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1272. Securities purchased may be cashed

RS 1272 - Securities purchased may be cashed The political subdivision may also, at any time that may be deemed advisable, cash and liquidate any or all of the bonds, notes or certificates purchased for any particular fund, and the proceeds of the liquidation shall be credited to the fund from which the bonds, notes or certificates were originally purchased.
LA Rev Stat § 39:1273 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1273. Federal bonds and debentures as security for public funds

RS 1273 - Federal bonds and debentures as security for public funds Federal farm loan bonds issued by federal land banks, debentures issued by federal intermediate credit banks, and debentures issued by banks for cooperatives are hereby designated as security for all character of public funds, especially for securing deposits in designated depositories for the funds of the various parishes, municipalities, levee boards, and other public bodies. Amended by Acts 1958, No. 202, §2.
LA Rev Stat § 39:1301 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1301. Short title

RS 1301 - Short title This Chapter may be cited as the "Louisiana Local Government Budget Act." Added by Acts 1980, No. 504, §1, eff. Sept. 1, 1980.
LA Rev Stat § 39:1302 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1302. Definitions

RS 1302 - Definitions  For the purposes of this Chapter:  (1) "Adopted budget" means the budget adopted by the governing authority of the political subdivision inclusive of any and all amendments adopted by the governing authority to the proposed budget.  (2) "Governing authority" means the body which exercises the legislative functions of the political subdivision.  (3) "Political subdivision" means any:  (a) Parish governing authority and all districts, boards, or commissions created by such parish governing authority either independently or in conjunction with other units of government.  (b) Municipality and all boards and commissions created by such municipality, either independently or in conjunction with other units of government.  (c) School board.  (d) Special district created pursuant to and under the authority of Article VI, Section 16 or 19 of the Louisiana Constitution.  (e) City court.  (f) District public defender office.  (g) Housing authority.  (h) Mortgage authority.  (i) Political subdivisions of the state not included within the state's Comprehensive Annual Financial Reports.  (j) Registrar of voters.  (k) Independently elected parish offices, including the office of assessor, clerk of district court, coroner, district attorney, sheriff, and judges, but only insofar as their judicial expense funds, as provided for in Title 13 of the Louisiana Revised Statutes of 1950.  (4) "Political subdivision category" means a grouping of political subdivisions with similar governmental objectives.  (5) "Proposed budget" means the budget prepared and submitted to the governing authority of the political subdivision by the chief executive or administrative officer.  Added by Acts 1980, No. 504, §1, eff. Sept. 1, 1980; Acts 1988, No. 621, §1; Acts 1993, No. 236, §1, eff. June 1, 1993; Acts 1999, No. 692, §1; Acts 1999, No. 775, §2, eff. July 2, 1999; Acts 2007, No. 307, §7; Acts 2016, No. 520, §1.
LA Rev Stat § 39:1303 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1303. Legislative intent

RS 1303 - Legislative intent  A. It is the intent of the legislature that this Chapter shall apply, as provided for herein, to all political subdivisions of the state with a general fund or a special revenue fund, except that the provisions of R.S. 39:1307 related to public participation shall only apply to those political subdivisions with proposed expenditures totaling five hundred thousand dollars or more in such funds. The provisions of this Chapter shall be construed as minimal requirements and shall not prevent a political subdivision from requiring more extensive financial planning and budgeting practices nor from imposing more stringent penalties for violations.  B. Preparation and adoption of a budget by a political subdivision in any manner contrary to the provisions of this Chapter is hereby expressly prohibited.  C. It is the intent of the legislature that this Chapter shall apply to political subdivisions operating under a home rule charter or plan of government adopted or in existence pursuant to and under the authority of Article VI of the Louisiana Constitution of 1974 only if and when it does not conflict with the terms of the home rule charter or plan of government.  D. The provisions of this Act shall apply to school boards only if and when they do not conflict with R.S. 17:88(A).  E. The provisions of this Chapter shall not apply to funds received by district attorneys' offices pursuant to: (1) R.S. 16:15; (2) incentive payments for child support enforcement activities; unless proposed expenditures exceed $50,000.  Added by Acts 1980, No. 504, §1, eff. Sept. 1, 1980. Acts 1984, No. 186, §2; Acts 1985, No. 997, §1; Acts 2004, No. 552, §1, eff. June 25, 2004; Acts 2016, No. 520, §1.
LA Rev Stat § 39:1304 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1304. Uniform chart of accounts

RS 1304 - Uniform chart of accounts A. The legislative auditor shall develop a uniform chart of accounts for use by political subdivisions in recording of all financial transactions. The legislative auditor shall submit the proposed chart of accounts to the Joint Legislative Committee on the Budget for its approval. Any change to the approved chart of accounts shall be made in accordance with procedures contained in this Subsection. B. The legislative auditor is authorized to create political subdivision categories for the purpose of carrying out the provisions of this Section. He may propose a different chart account for each political subdivision category. Any political subdivision category created pursuant to this Subsection shall be approved by the Joint Legislative Committee on the Budget. Added by Acts 1980, No. 504, §1, eff. Sept. 1, 1980. Acts 1984, No. 186, §2; Acts 1988, No. 542, §1; Acts 1993, No. 236, §1, eff. June 1, 1993; Acts 1999, No. 775, §2, eff. July 2, 1999.
LA Rev Stat § 39:1306 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1306. Completion and submission of the proposed budget

RS 1306 - Completion and submission of the proposed budget A. The proposed budget for political subdivisions with a governing authority including municipalities, parishes, school boards, and special districts shall be completed and submitted to the governing authority of that political subdivision and made available for public inspection as provided for in R.S. 39:1308 no later than fifteen days prior to the beginning of each fiscal year except that: (1) The proposed budget for a school board shall be completed and submitted to the school board and made available for such public inspection no later than fifteen days prior to the date for budget adoption by school boards as required in R.S. 17:88(A). (2) The proposed budget for a parish shall be completed and submitted to the parish governing authority and made available for such public inspection prior to the fifteenth day of the fiscal year for which the budget is to be applicable. B. The proposed budget for a registrar of voters and independently elected parish offices including the office of assessor, clerk of district court, coroner, district attorney, and sheriff shall be completed and made available for public inspection as provided for in R.S. 39:1308 no later than fifteen days prior to the beginning of each fiscal year. Added by Acts 1980, No. 504, §1, eff. Sept. 1, 1980, Amended by Acts 1981, No. 643, §1; Acts 1984, No. 186, §2; Acts 1993, No. 236, §1, eff. June 1, 1993; Acts 1999, No. 775, §2, eff. July 2, 1999; Acts 2001, No. 810, §1, eff. June 26, 2001; Acts 2001, No. 965, §1, eff. June 27, 2001.