Public Entity Facilities Financing Act

Louisiana · Public Finance · §§ 39-1000 to 39-999 · 161 sections

Overview

The Public Entity Facilities Financing Act governs the issuance of bonds and other debt instruments by public entities in Louisiana, including parish school boards, and provides authority for financing arrangements secured by taxes and other statutory impositions. It sets out definitions and rules of construction, grants both general and type-specific bond-issuing power, and prescribes the mechanics of issuance — the manner of issuing bonds, interest rates, sales, registration, credit enhancement devices, and defeasance. It also treats the resulting bonds as negotiable instruments exempt from taxation and eligible for investment, and establishes a validity-contest procedure under which resolutions are published and challenges become peremptied after the prescribed period.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

La. R.S. 39:1000Publication of resolution; contest validity
La. R.S. 39:1001Part as full authority
La. R.S. 39:1002Payments constitute statutory impositions
La. R.S. 39:1011Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:1012Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:1013Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:1014Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:1015Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:1016Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:1017Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:1018Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:1019Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:1020Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:1021Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:1022Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:1023Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:1024Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:1025Parish school board bonds
La. R.S. 39:1031Purposes, rules of construction
La. R.S. 39:1032Definitions
La. R.S. 39:1033General power to issue bonds
La. R.S. 39:1034Authority to issue particular type bonds
La. R.S. 39:1034.1Limitation on increases in the millage rate and collection of resulting taxes for ad valorem taxes of the Board of Liquidation
La. R.S. 39:1035Manner of issuing bonds
La. R.S. 39:1036Interest rates
La. R.S. 39:1037Sales of bonds
La. R.S. 39:1038Defeasance of bonds
La. R.S. 39:1039Fully registered bonds
La. R.S. 39:1040Credit enhancement devices
La. R.S. 39:1041Publication of resolutions; peremption
La. R.S. 39:1042Negotiable instruments
La. R.S. 39:1043Exemption from taxation; eligibility for investment
La. R.S. 39:1051Public Entity Facilities Financing Act
La. R.S. 39:641FUNDING GASOLINE TAX
La. R.S. 39:642Issuance and sale of bonds, notes or certificates of indebtedness
La. R.S. 39:643Continuation of Parish One Cent Gasoline Fund
La. R.S. 39:644Expenditure of proceeds of sale of bonds, notes or certificates of indebtedness
La. R.S. 39:645Applicability
La. R.S. 39:661Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:662Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:663Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:664Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:665Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:666Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:667Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:668Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:669Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:670Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:671Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:672Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:681Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:682Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:683Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:684Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:691Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:692Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:693Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:694Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:695Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:696Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:697Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:698.1Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:698.10Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:698.11Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:698.12Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:698.13Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:698.2Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:698.3Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:698.4Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:698.5Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:698.6Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:698.7Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:698.8Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:698.9Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:699Jefferson Parish funding
La. R.S. 39:701Subdivisions; power to levy special taxes
La. R.S. 39:702Special taxes; purposes
La. R.S. 39:703Levy and assessment of special taxes
La. R.S. 39:704Proceeds of special tax
La. R.S. 39:705Issuance of bonds and levy of acreage tax
La. R.S. 39:706Other laws applicable
La. R.S. 39:741Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:742Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:742.1Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:742.2Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:742.3Fire District No. 8; borrowing limitations; waiver; authorization
La. R.S. 39:743Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:744Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:745Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:746Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:747Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:748Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:781Elections to levy special taxes in aid of specified enterprises
La. R.S. 39:782Time and place of election; persons entitled to vote
La. R.S. 39:783Endorsing name on ballot
La. R.S. 39:784Ordinance levying tax
La. R.S. 39:785Voters shall be registered where election is held
La. R.S. 39:786Levy and collection of tax
La. R.S. 39:787Conduct of election
La. R.S. 39:788Assignment of right to tax
La. R.S. 39:791Blank. See, now, R.S. 33:7726
La. R.S. 39:801Purpose; millage authorization
La. R.S. 39:802Special taxes; limitations
La. R.S. 39:803Elections
La. R.S. 39:804Operable date of act
La. R.S. 39:811Local funds for support of elementary and secondary schools
La. R.S. 39:812Limitations
La. R.S. 39:813Levy of tax; contesting validity
La. R.S. 39:814Election procedure
La. R.S. 39:815Special taxes authorized between January 1, 1975 and February 20, 1975; ratified
La. R.S. 39:816School District Number 3 of Jefferson Davis Parish; imposition of parcel fee, submission to voters; amount; collection; use of proceeds
La. R.S. 39:816.1Consolidated School District Number 1 of Jefferson Davis Parish; imposition of parcel fee, submission to voters; amount; collection; use of proceeds
La. R.S. 39:817School District No. 4 of Cameron Parish; imposition of parcel fee, submission to voters; amount; collection; use of proceeds
La. R.S. 39:821Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:822Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:823Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:824Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:825Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:826Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:827Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:828Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:828.1Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:829Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:830Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:831Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:832Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:833Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:833.1Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:834Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:835Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:836Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:837Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:838Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:839Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:840Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:841Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:842Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:871Municipal and parochial corporations and state subdivisions; authority to borrow money
La. R.S. 39:911Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:912Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:913Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:914Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:931Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:932Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:933Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:934Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:971Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:972Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:973Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:974Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
La. R.S. 39:991Authorization to issue revenue bonds
La. R.S. 39:991.1Authorization to issue revenue bonds; South Louisiana Port Commission
La. R.S. 39:991.2Authorization to issue revenue bonds; port commissions and port, harbor, and terminal districts
La. R.S. 39:992Resolution; nature and form of bonds
La. R.S. 39:993Mortgage and pledge; rights of bond holders
La. R.S. 39:994Priority of lien
La. R.S. 39:995Bonds as negotiable instruments
La. R.S. 39:996Lease, sublease, or sale of project prior to issuance of bonds; terms and conditions
La. R.S. 39:997Approval by State Bond Commission; validation; interest rates
La. R.S. 39:998Sale of bonds
La. R.S. 39:999Refunding bonds

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