Louisiana Revised Statutes 33:9038.31 – Definitions
Terms Used In Louisiana Revised Statutes 33:9038.31
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- 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.
- district: means an economic development district established by a local governmental subdivision pursuant to Louisiana Revised Statutes 33:9038.31
- 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.
- Local governmental subdivision: means any municipality or parish or any municipality, parish, local industrial board, a local public trust authorized pursuant to Louisiana Revised Statutes 33:9038.31
As used in this Part, the following terms shall have the following meanings, unless the context requires otherwise:
(1) “Economic development district” or “district” means an economic development district established by a local governmental subdivision pursuant to La. Rev. Stat. 33:9038.32.
(2) “Issuer” means the local governmental subdivision, economic development district, industrial development board of the municipality or parish authorized and created pursuant to Chapter 7 of Title 51 of the Louisiana Revised Statutes of 1950, a public trust with the municipality or parish as the beneficiary thereof as provided in Chapter 2-A of Code Title II of Code Book III of Title 9 of the Louisiana Revised Statutes of 1950, as authorized in this Part, the Walnut Street Special District, any Tax Increment Development Corporation activated in a municipality with a population of not less than three thousand three hundred and not more than three thousand three hundred ninety-five persons according to the most recent federal decennial census for the purposes provided for in La. Rev. Stat. 33:9038.68, or any district created pursuant to La. Rev. Stat. 33:9038.70.
(3) “Local governmental subdivision” means any municipality or parish or any municipality, parish, local industrial board, a local public trust authorized pursuant to La. Rev. Stat. 33:9038.33(N) or 9038.34(N) having jurisdiction over the geographical area bounded by the Mississippi River, the Orleans/Jefferson parish line and the Orleans/Plaquemines parish line, the Walnut Street Special District, any Tax Increment Development Corporation activated in a municipality with a population of not less than three thousand three hundred and not more than three thousand three hundred ninety-five persons according to the most recent federal decennial census for the purposes provided for in La. Rev. Stat. 33:9038.68, or any district created pursuant to La. Rev. Stat. 33:9038.70; but the provisions of this Part shall not apply to any of the financing of construction, renovations, or improvements of any convention center, hotel complex, and ancillary facilities within the city of Shreveport. However, the provisions of this Part shall apply to the parish of Rapides, only as provided in La. Rev. Stat. 33:9038.41.
(4) “Official journal of the district” means the official journal of the local governmental subdivision creating the economic development district.
Acts 2002, 1st Ex. Sess., No. 147, §1, eff. April 23, 2002; Acts 2004, No. 897, §1; Acts 2005, No. 386, §1, eff. July 1, 2005; Acts 2006, No. 850, §4, eff. July 11, 2006; Acts 2011, 1st Ex. Sess., No. 20, §1, eff. June 12, 2011; Acts 2015, No. 458, §1, eff. July 1, 2015; Acts 2015, No. 464, §1, eff. July 1, 2015; Acts 2016, No. 514, §1, eff. June 16, 2016.
NOTE: See Acts 2002, 1st Ex. Sess., No. 147, §3, providing that Part II is an alternative to other provisions of Chapter 27 of Title 33 and does not conflict with, repeal, or supercede other provisions of Chapter 27.