Terms Used In Louisiana Revised Statutes > Title 39 > Subtitle III > Chapter 10 - General Debt Policy Law and Procedures

• Bond: means all general obligation bonds or other instruments evidencing indebtedness of the state of Louisiana or any of its boards, departments, commissions, authorities and agencies issued pursuant to Louisiana Revised Statutes 39:1362
• Bond act: means the act authorizing the issuance of bonds which adopts this statement of policy by specific inclusion or by reference. See Louisiana Revised Statutes 39:1362
• Conviction: A judgement of guilt against a criminal defendant.
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Issuing agency: means the State Bond Commission as provided for in Louisiana Revised Statutes 39:1362
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Note: means temporary indebtedness of the state of Louisiana which shall have a maturity date, including all renewals thereof, of not greater than five years. See Louisiana Revised Statutes 39:1362
• 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.