2011 Louisiana Laws
Revised Statutes
TITLE 39 — Public finance
RS 39:1802 — Definitions

§1802. Definitions

As used in this Chapter, the following terms shall have the meanings herein ascribed to each:

(1) "Public entity" means:

(a) Commissions, parishes, municipalities, parish and municipal school boards and districts, levee boards and districts, port boards and commissions, port, harbor, terminal and industrial districts, drainage and land reclamation districts, all special service districts, including but not limited to road, water, sewerage, fire protection, recreation, hospital service, gas utility and garbage districts.

(b) All other political subdivisions, special authorities, commissions and boards heretofore or hereafter created by or pursuant to the constitution or statutes of the state, any laws incorporated into or ratified or confirmed by the constitution or general or special charters of any parish or municipality.

(c) All other units of local government created by or governed by the governing authorities of parishes or municipalities.

(2) "Grant anticipation note" means a note issued upon the security of specified accounts receivable from the state or the federal government, including without limitation, grants, loans or a combination of both for which the governing authority of the public entity finds and determines that funds have been appropriated and committed to the public entity.

(3) "Loan" includes but is not limited to a borrowing by the public entity represented or to be represented by bonds of the public entity.

Added by Acts 1980, No. 257, §1, eff. July 12, 1980.