2006 Louisiana Laws - RS 3:263 — Definitions

§263.  Definitions

As used in this Chapter, the following terms shall have the following meanings:

(1)  "Agricultural loan" means a loan made by a lending institution to any person for the purpose of financing: land acquisition or improvement or for financing conversion to aquacultural production; soil conservation; construction of levees and ponds; irrigation; water well drilling; construction, renovation, or expansion of buildings and facilities; purchase of farm fixtures, livestock, poultry, fish of any kind; crustaceans and mollusks; seeds; fertilizers; pesticides; feeds; machinery; equipment; containers or supplies employed in the production, cultivation, harvesting, storage, marketing, distribution, or export of agricultural or aquacultural products, or for the purpose of financing mariculture products.

(2)  "Agriculture" means the commercial production, storage, processing, marketing, distribution, or export of any agronomic, floricultural, horticultural, vitacultural, silvicultural, or aquacultural crop, including, but not limited to, farm products, livestock and livestock products, poultry and poultry products, milk and dairy products, fruit and other horticultural products, and seafood and aquacultural products.

(3)  "Aquaculture" means the commercial production, storage, processing, marketing, distribution, or export of any seafood including but not limited to catfish, trout, crustaceans, and mollusks.

(4)  "Authority" means the Louisiana Agricultural Finance Authority created by this Chapter.

(5)  "Bonds" means the bonds, notes, renewal notes, refunding bonds, interim certificates, certificates of indebtedness, debentures, warrants, commercial paper, or other obligations or evidences of indebtedness authorized to be issued by the Authority pursuant to the provisions of this Chapter.

(6)  "Commissioner" means the Louisiana Commissioner of Agriculture.

(7)  "Department" means the Louisiana Department of Agriculture.

(8)  "Federal government" means the United States of America and any agency or instrumentality, corporate or otherwise, of the United States of America.

(9)  "Lending institution" means any bank, bank or trust company, federal land bank, production credit association, bank for cooperatives, building and loan association, homestead, insurance company, investment banker, mortgage banker or company, pension or retirement fund, savings bank or savings and loan association, small business investment company, credit union, or any other financial institution authorized to do business in Louisiana or operating under the supervision of any federal agency or any "Edge Act Corporation" or agreement corporation organized or operating pursuant to Section 25 of the Federal Reserve Act.

(10)  "Mariculture" means aquaculture which is practiced in brackish or saline water and includes hatchery breeding, spawning, transportation, implantation, propagation, growout, and harvesting of domesticated fish and other domesticated aquatic species.

(11)  "Persons" means any individual, partnership, firm, corporation, company, cooperative, association, society, trust, or any other business unit or entity, including any state or federal agency.

(12)  "State" means the state of Louisiana or any agency or instrumentality thereof.

Added by Acts 1983, No. 96, §1, eff. July 23, 1983. Acts 1987, No. 502, §1.