Terms Used In Louisiana Revised Statutes > Title 39 > Subtitle I > Chapter 3-C - Louisiana Rural Infrastructure Revolving Loan Program

• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• Approved infrastructure program: means a program through which an eligible infrastructure project may be funded including but not limited to the following programs:

              (a) State Capital Outlay Budget Program as provided in Louisiana Revised Statutes 39:462.2

• Certifying department: means a state department or agency with authority to administer and approve an eligible infrastructure project in accordance with laws and regulations governing the respective approved infrastructure program. See Louisiana Revised Statutes 39:462.2
• Commission: means the State Bond Commission. See Louisiana Revised Statutes 39:462.2
• Conviction: A judgement of guilt against a criminal defendant.
• Department: means the Department of the Treasury. See Louisiana Revised Statutes 39:462.2
• Eligible infrastructure project: includes an emergency request. See Louisiana Revised Statutes 39:462.2
• Emergency request: includes but is not limited to funding for a project that has an anticipated useful life of less than twenty years and a value or cost of less than fifty thousand dollars and that would not otherwise qualify for funding in an approved infrastructure program. See Louisiana Revised Statutes 39:462.2
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Loan: means the loan from the commission to the local government evidenced by a bond, note, or other evidence of indebtedness as provided in this Chapter. See Louisiana Revised Statutes 39:462.2
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• project: means a plan or proposal approved by the respective certifying department which would require or use a local match or other required local contribution or require funding for eligible infrastructure project costs that can be provided by the commission. See Louisiana Revised Statutes 39:462.2
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• Revolving loan fund: means the Louisiana Rural Infrastructure Revolving Loan Program Fund established in Louisiana Revised Statutes 39:462.2
• User fees: Fees charged to users of goods or services provided by the government. In levying or authorizing these fees, the legislature determines whether the revenue should go into the treasury or should be available to the agency providing the goods or services.