Louisiana Revised Statutes 45:844.51 – Enterprise funds for cable television or telecommunications or advanced services
Terms Used In Louisiana Revised Statutes 45:844.51
- 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
- Covered services: means telecommunications services, advanced services and cable television services, individually and collectively, and regardless of the technology used to provide those services, unless otherwise specified in this Chapter. See Louisiana Revised Statutes 45:844.43
- Enterprise fund: means a separate fund to account for the local government's operations of covered services, established and maintained in accordance with generally accepted accounting principles as described by the Governmental Accounting Standards Board (GASB). See Louisiana Revised Statutes 45:844.43
- Local government: means any parish, municipality, or other political subdivision of the state and any utility authority, board, branch, department or other unit thereof. See Louisiana Revised Statutes 45:844.43
A. A local government that provides one or more covered services under this Chapter:
(1) Shall establish a single enterprise fund entitled the “communications services enterprise fund” to account for the local government’s operations of covered services.
(2) Shall adopt operating and capital budgets for the local government’s covered services.
(3) Except as provided in La. Rev. Stat. 45:844.52(C)(2), or subject to rules established under La. Rev. Stat. 45:844.55(D), may not transfer any appropriation or other balance in any other enterprise fund established by the local government to any enterprise fund established by the local government under this Section.
B. The restrictions on transfers described in Paragraph (A)(3) do not apply to transfers made by a local government between other enterprise funds established by the local government.
Acts 2004, No. 736, §1, eff. July 6, 2004.