Louisiana Revised Statutes 33:9039.103 – Definitions
Terms Used In Louisiana Revised Statutes 33:9039.103
- Bond: means the bonds, notes, renewal notes, refunding bonds, interim certificates, certificates of indebtedness, certificates of participation, debentures, warrants, commercial paper, capital leases, revenue bonds, or other obligations or evidences of indebtedness authorized to be issued by a district. See Louisiana Revised Statutes 33:9039.103
- District: means a local or regional economic development district created pursuant to this Chapter. See Louisiana Revised Statutes 33:9039.103
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Project: means a capital improvement project including capital equipment funding as more particularly described in Louisiana Revised Statutes 33:9039.103
- State: means the state of Louisiana. See Louisiana Revised Statutes 33:9039.103
As used in this Chapter, the following terms shall have the following meanings unless the context clearly indicates otherwise:
(1) “Bond” means the bonds, notes, renewal notes, refunding bonds, interim certificates, certificates of indebtedness, certificates of participation, debentures, warrants, commercial paper, capital leases, revenue bonds, or other obligations or evidences of indebtedness authorized to be issued by a district.
(2) “District” means a local or regional economic development district created pursuant to this Chapter.
(3) “Obligation” means any bond and any cooperative endeavor agreement, financing or loan agreement, lease, sublease, or other agreement creating an obligation to repay borrowed money or for a duty to be performed.
(4) “Overhead” means salaries, rent, and other operating expenses of the district exclusive of program or development expenses.
(5) “Participating parish or municipality” means any parish or municipal governing authority in the state undertaking to form a district under this Chapter.
(6) “Project” means a capital improvement project including capital equipment funding as more particularly described in La. Rev. Stat. 33:9039.110.
(7) “Public entities” means (a) state boards, agencies or commissions, parishes, municipalities, city, parish, and other local school boards and districts, levee boards and districts, port boards and commissions, port, harbor, terminal and industrial districts, drainage and land reclamation districts, all special service districts including but not limited to road, water, sewerage, fire protection, recreation, hospital service, and gas utility districts; (b) all other political subdivisions, special authorities, commissions, public trusts, and boards heretofore or hereafter created by or pursuant to the constitution or statutes of the state, any laws incorporated into or ratified or confirmed by the constitution, or general or special charters of any parish or municipality; and (c) all other units of local government created by or governed by the governing authorities of parishes or municipalities.
(8) “State” means the state of Louisiana.
Acts 2006, No. 839, §1, eff. July 5, 2006.