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Terms Used In Louisiana Revised Statutes 3:341

  • 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.
  • Political subdivision: means a parish, municipality, and any other unit of local government, including a school board and a special district, authorized by law to perform governmental functions. See Louisiana Revised Statutes 3:313

            A. The Delta Agriculture Research and Sustainability District, referred to in this Part as the “district”, is hereby constituted and is declared to be a body politic and political subdivision of the state of Louisiana, as defined in La. Const. Art. VI, § 44 .

            B. Pursuant to Article VI, Sections 19 and 21 of the Constitution of Louisiana, the district, acting through its board of commissioners, the governing authority of the district, is hereby granted all of the rights, powers, privileges, and immunities granted to or authorized for political subdivisions for industrial, commercial, research, and economic development purposes including but not limited to the power to incur debt and issue revenue and general obligation bonds, certificates of indebtedness, bond and certificate anticipation notes, and refunding bonds, subject to the limitations provided in this Part.

            C. The district shall be established for the primary object and purpose of promoting and encouraging agricultural research and sustainability to stimulate the economy through commerce, industry, and research and for the utilization and development of natural and human resources of the area by providing job opportunities.

            D. The boundaries of the district shall be coterminous with the boundaries of the parishes of Concordia, East Carroll, Madison, and Tensas.

            Acts 2021, No. 337, §1; Acts 2023, No. 265, §1.