Louisiana Revised Statutes 17:3394.2 – Definitions
Terms Used In Louisiana Revised Statutes 17:3394.2
- 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
- Board: means the Board of Supervisors of Community and Technical Colleges. See Louisiana Revised Statutes 17:3394.2
- Division of administration: means the division of administration created within the office of the governor by Title 39 of the Louisiana Revised Statutes of 1950. See Louisiana Revised Statutes 17:3394.2
- Public facilities: means buildings, equipment, and other permanent property or immovable property of the colleges within the Louisiana Community and Technical College System, as specifically identified in Louisiana Revised Statutes 17:3394.2
- system: means and refers to the programs and institutions under the jurisdiction of the respective management boards for postsecondary education created by or under authority of the Constitution of Louisiana. See Louisiana Revised Statutes 17:3202
As used in this Part, the following terms have the following meanings unless the context clearly indicates otherwise:
(1) “Annual appropriation dependency clause” shall mean a clause which shall be included in any financing arrangement which provides that if, after a diligent and good faith effort by the state to appropriate funds for the payment of sums due under a financing agreement, such funds are not appropriated, such agreement shall be terminated, and the state shall not be liable for the payment of further sums due thereunder.
(2) “Board” means the Board of Supervisors of Community and Technical Colleges.
(3) “Corporation” means the nonprofit corporation which may be utilized to accomplish the purposes of this Part.
(4) “Division of administration” means the division of administration created within the office of the governor by Title 39 of the Louisiana Revised Statutes of 1950.
(5) “Project” means the acquisition, purchase, construction, renovation, improvement, or expansion of a public facility, to be financed as authorized and provided in this Part and La. Rev. Stat. 17:3361, et seq., to be limited to those public facilities and purposes identified in La. Rev. Stat. 17:3394.3.
(6) “Public facilities” means buildings, equipment, and other permanent property or immovable property of the colleges within the Louisiana Community and Technical College System, as specifically identified in La. Rev. Stat. 17:3394.3.
Acts 2007, No. 391, §1, eff. June 30, 2007; Acts 2008, No. 220, §7, eff. June 14, 2008; Acts 2022, No. 374, §1.