Louisiana Revised Statutes 33:130.471 – Concordia Economic and Industrial Development District; creation; territorial jurisdiction
Terms Used In Louisiana Revised Statutes 33:130.471
- 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.
A. The Concordia Economic and Industrial Development District, referred to in this Subpart as the “district”, is hereby created and is declared to be a body politic and political subdivision of the state, as defined in La. Const. Art. VI, § 44 . Pursuant to Article VI, Sections 19 and 21 of the Constitution of Louisiana, the district, acting through its board of commissioners, referred to in this Subpart as the “board”, is hereby granted all of the rights, powers, privileges, and immunities granted to political subdivisions for economic and industrial development purposes, including but not limited to the power of taxation, 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 hereinafter provided.
B. The district created by this Subpart is established for the primary object and purpose of promoting and encouraging economic and industrial development and tourism opportunities, stimulating the economy through renewed commerce, industry, research, and tourism, and for the utilization and development of natural and human resources of the area by providing job opportunities.
C. The boundaries of the district shall be coterminous with the boundaries of Concordia Parish.
Acts 1993, No. 807, §1, eff. June 22, 1993; Acts 2009, No. 32, §1, eff. June 15, 2009.
NOTE: See Acts 1993, No. 807, §2.