Terms Used In Louisiana Revised Statutes > Title 17 > Chapter 7 > Part I - Southern Regional Education Compact

• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• Contract: A legal written agreement that becomes binding when signed.
• Ex officio: Literally, by virtue of one's office.
• 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.
• Office: means the office of workers' compensation administration established pursuant to Louisiana Revised Statutes 23:1021
• person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. ^{Source: OCC}