Louisiana Revised Statutes 48:832 – Acceptance of financial aid
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Terms Used In Louisiana Revised Statutes 48:832
- 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
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Any parish or municipality proceeding under this Sub-part may accept any appropriation, loan, gift, assistance, grant, contribution, or allocation from the United States of America or the State of Louisiana, or any agency or instrumentality thereof, or any public utility, private corporation or individual benefiting therefrom, and may enter into any agreement not prohibited by the state constitution which is necessary to obtain any such loan, gift, grant, assistance, contribution or allocation.