Louisiana Revised Statutes 33:9039.21 – Purchase, management or sale of water or wastewater utility by district
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Terms Used In Louisiana Revised Statutes 33:9039.21
- Contract: A legal written agreement that becomes binding when signed.
- district: means a special district as provided in Louisiana Revised Statutes 33:9039.13
No community development district may purchase or sell a water or wastewater utility that provides service to the public, or enter into a management contract for such facilities, until the governing body of the community development district has held a public hearing on the purchase, sale, or management contract and made a determination that the purchase, sale, or management contract is in the public interest.
Acts 2001, No. 992, §1.