§ 47:8001 Short title
§ 47:8002 Findings, declaration of necessity and purpose
§ 47:8003 Definitions
§ 47:8004 Creation of corporation; public hearing; adoption of resolution; certificate
§ 47:8005 Board of directors; appointment; tenure; compensation
§ 47:8006 Organization of corporation; employees; meetings; personal liability of directors
§ 47:8007 Removal of directors; right to counsel; record of proceedings
§ 47:8008 Conflict of interest; disclosure of interests; penalty
§ 47:8009 Powers of the corporations
§ 47:8010 Increment revenues
§ 47:8011 Tax increment trust fund; mandatory contributions
§ 47:8012 Development management
§ 47:8013 Tax increment development plan; preparation; adoption; filing; modification
§ 47:8014 Subsidiary corporations; creation; purposes; powers; compensation of members
§ 47:8015 Disposition of property in tax increment development area
§ 47:8016 Development by corporations; surplus profits
§ 47:8017 Bonds of the corporations
§ 47:8018 Security for bonds or notes
§ 47:8019 Bonds and notes as legal investment
§ 47:8020 Corporation funds; audit; investment
§ 47:8021 Property exempt from taxes and from levy and sale by virtue of an execution
§ 47:8022 Assistance by state and local agencies
§ 47:8023 Title of purchase
§ 47:8024 Annual report
§ 47:8025 Encouragement of private enterprise
§ 47:8026 Indemnity of directors, officers, agents and employees
§ 47:8027 Authority of parishes, municipalities and subdivisions thereof to appropriate and dedicate funds to a tax increment trust fund
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Terms Used In Louisiana Revised Statutes > Title 47 > Subtitle IX > Chapter 1 - Tax Increment Development Corporations

  • Appraisal: A determination of property value.
  • 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
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bequest: Property gifted by will.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Devise: To gift property by will.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Ex officio: Literally, by virtue of one's office.
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
  • Personal property: All property that is not real property.
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Statute: A law passed by a legislature.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Trustee: A person or institution holding and administering property in trust.