Louisiana Revised Statutes 48:772 – Definitions
Terms Used In Louisiana Revised Statutes 48:772
- Bonds: means any bonds, notes, certificates, or other written contracts or instruments evidencing the obligation to repay borrowed money regardless of the designation thereof. See Louisiana Revised Statutes 48:772
- District: means the Capital Area Road and Bridge District created by this Part. See Louisiana Revised Statutes 48:772
- 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.
As used in this Part, the following words, terms, and phrases shall have the meaning ascribed to them in this Section, except where the context clearly indicates a different meaning:
(1) “Bonds” means any bonds, notes, certificates, or other written contracts or instruments evidencing the obligation to repay borrowed money regardless of the designation thereof.
(2) “District” means the Capital Area Road and Bridge District created by this Part.
(3) “Road or bridge project” means a project undertaken pursuant to this Part for the construction, development, reconstruction, acquisition, extension, or improvement of works of capital improvements related to public roads, streets, highways, bridges, and associated drainage, the title to which shall be in the public.
Acts 2018, No. 488, §1, eff. May 25, 2018.