§ 48:1671 A. The purpose of this compact is to study the feasibility of rapid transit service between the states of Louisiana, Mississippi, Texas, and Alabama, to take all steps that it may de
§ 48:1672 Grant of power to Louisiana governor, Louisiana members of commission and compact administrator

Terms Used In Louisiana Revised Statutes > Title 48 > Chapter 16 - Southern Rapid Rail Transit Compact

  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Juror: A person who is on the jury.
  • Oath: A promise to tell the truth.
  • Quorum: The number of legislators that must be present to do business.
  • Statute: A law passed by a legislature.