Louisiana Revised Statutes 48:2133 – Definitions
Terms Used In Louisiana Revised Statutes 48:2133
- Bequest: Property gifted by will.
- 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.
- 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.
- 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.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Unless the text clearly indicates otherwise, the following words or phrases shall have the following meanings:
(1) “Act” means the Ouachita Expressway Authority Act.
(2) “Authority” means the Ouachita Expressway Authority created by this Chapter.
(3) “Board” means the board of commissioners of the authority.
(4) “Bonds” means any bonds, notes, renewal notes, refunding bonds, interim certificates, certificates of indebtedness, debentures, warrants, commercial paper, or other obligations or any other evidence of indebtedness or evidence of borrowed money issued or entered into by the authority to finance projects.
(5) “Department” means the Department of Transportation and Development.
(6) “Federal government” means the United States of America and any agency or instrumentality, corporate or otherwise, of the United States of America.
(7) “Person” means any individual, partnership, firm, corporation, company, cooperative, association, society, trust, or any other business unit or entity, including any state or federal agency.
(8) “Project” means a capital project undertaken pursuant to this Chapter for the acquisition of real property, construction, reconstruction, improvement, extension, installation, development, landscaping, or operation of a tollway or a bridge or both. Such a bridge shall cross the Ouachita River as provided in Segment K of the Ouachita Loop Major Investment Study, as approved by the Ouachita Council of Governments at its regular meeting on August 28, 2000, including an alignment on the west side which shall run southwesterly to its intersection with LA 143, just north of Tupawek Bayou.
(9) “Project costs” means all costs associated with and necessary to plan, design, acquire property rights, and construct a project, construction costs, and such other expenses as may be necessary or incidental to the construction, financing, and operation of the project.
(10) “Real property” means lands, waters, rights in lands or waters, structures, franchises, and interests in land, including lands under water, riparian rights, property rights in air space or subsurface, and any and all other things and rights usually included within such term, including any and all interests in such property less than full title.
(11) “Revenue” means:
(a) Any income, revenue, toll, and receipt derived or to be derived from the construction and operation of projects by the authority or received by the authority from any other sources whatsoever.
(b) Monies generated by way of contract, pledge, donation, or bequest.
(12) “Secretary” means the secretary of the Department of Transportation and Development.
(13) “State” means the state of Louisiana or any agency or instrumentality thereof.
(14) “Toll” means any fee or charge for the use of a tollway.
(15) “Tollway” means any limited access highway, bridge, or other transportation facility constructed or operated by the authority.
Acts 2007, No. 329, §1.