Louisiana Revised Statutes 33:4545.6 – A. The directors of the Authority may create an operating committee for the board of directors. The board of directors may provide for the composition of the operating committee so a
Terms Used In Louisiana Revised Statutes 33:4545.6
- Authority: shall mean the political subdivision and body politic and corporate created, organized and existing pursuant to the provisions of this Chapter, or if the Authority shall be abolished, the board, body, commission, department or officer succeeding to the principal functions thereof or to whom the powers given by this chapter may be given by law. See Louisiana Revised Statutes 33:4545.3
- Unit: shall mean any governmental unit, any investor-owned electric power company and any electric cooperative association or corporation and, in addition, any state, any department, institution, commission, public instrumentality or political subdivision of any state, or of the United States presently owning a system or facilities for the generation, transmission or distribution of electric power and energy for public and private uses. See Louisiana Revised Statutes 33:4545.3
A. The directors of the Authority may create an operating committee for the board of directors. The board of directors may provide for the composition of the operating committee so as to afford, in its judgment, fair representation of the participating municipalities directly interested in the affairs or operations of the Authority or facilities owned or operated by the Authority. The operating committee shall have and shall exercise such of the powers and authority as shall be prescribed and delegated in the Authority’s by-laws, rules or resolutions. The terms of office of the persons serving on the operating committee and the method of filling vacancies therein shall be prescribed in the Authority’s by-laws, rules or resolutions.
B.(1) Notwithstanding any provision of law to the contrary, with respect to the Louisiana Energy and Power Authority Unit 1, there shall be created a Louisiana Energy and Power Authority Unit 1 participants committee comprised solely of those municipalities that are contracted through a power sales agreement to take power from the Louisiana Power and Energy Authority Unit 1.
(2) The Louisiana Energy and Power Authority Unit 1 participants committee shall have sole authority to decide all matters related to such unit and such authority shall be executed pursuant to a majority vote of the members of the Louisiana Energy and Power Authority Unit 1 participants committee.
Added by Acts 1979, No. 772, §1, eff. July 20, 1979; Acts 2018, No. 138, §1.