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Terms Used In Louisiana Revised Statutes 45:844.48

Prior to a local government engaging or offering to engage in an activity described in this Chapter, the local governing authority shall:

(1)  Hold a preliminary public hearing.

(2)  If the local governing authority elects to proceed after holding the preliminary public hearing required by this Section, approve the hiring of a feasibility consultant to conduct a feasibility study in accordance with La. Rev. Stat. 45:844.49.

(3)  Determine when under the feasibility study conducted under La. Rev. Stat. 45:844.49, the annual revenues under La. Rev. Stat. 45:844.49(2)(d) exceed the annual costs under La. Rev. Stat. 45:844.49(2)(d) by at least the amount necessary to meet the bond obligations of any bonds issued to fund the proposed covered service.

(4)  If the conditions of Paragraph (3) of this Section are met, hold the public hearings required by La. Rev. Stat. 45:844.49.

(5)  After holding the public hearings required by La. Rev. Stat. 45:844.49, if the local governing authority elects to proceed, adopt by resolution the feasibility study.

Acts 2004, No. 736, §1, eff. July 6, 2004.