Louisiana Revised Statutes 40:441 – Non-residential and mixed-use properties and facilities
Current as of: 2023 | Check for updates
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Terms Used In Louisiana Revised Statutes 40:441
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
A local housing authority may:
(1) Develop, acquire, own, lease, and operate properties and facilities that are non-residential in character, which are used for office, administrative, management, maintenance, commercial, or educational purposes, for providing services, or for carrying out any other purpose authorized under this Chapter.
(2) Acquire, own, lease, and operate properties and facilities that are both residential and non-residential in character.
Amended by Acts 1960, No. 278, §3; Acts 1978, No. 786, §5, eff. July 17, 1978; Acts 1997, No. 1188, §1.