Louisiana Revised Statutes 48:2153 – Definitions
Terms Used In Louisiana Revised Statutes 48:2153
- Bequest: Property gifted by will.
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Unless the text clearly indicates otherwise, the following words or phrases shall have the following meanings:
(1) “Board” means the board of directors of the commission.
(2) “Bonds” means any bonds, notes, renewal notes, refunding bonds, interim certificates, certificates of indebtedness, debentures, warrants, commercial paper, or other obligations or any other evidence of indebtedness or evidence of borrowed money issued or entered into by the commission to finance projects.
(3) “Commission” means the Central Louisiana Regional Infrastructure Beltway Commission.
(4) “Department” means the Department of Transportation and Development.
(5) “Federal government” means the United States of America and any agency or instrumentality, corporate or otherwise, of the United States of America.
(6) “Person” means any individual, partnership, firm, corporation, company, cooperative, association, society, trust, or any other business unit or entity, including any state or federal agency.
(7) “Project” means any capital project undertaken pursuant to this Chapter including the acquisition of real property, construction, reconstruction, improvement, extension, installation, development, landscaping, or operation of a tollway.
(8) “Project costs” means all costs associated with and necessary to plan, design, acquire property rights, and to construct a project, construction costs, and such other expenses as may be necessary or incidental to the construction, financing, and operation of the project.
(9) “Public utility facilities” means tracks, pipes, mains, conduits, cables, wires, towers, poles, and other equipment and appliances which are either publicly or privately owned.
(10) “Real property” means lands, waters, rights in lands or waters, structures, franchises, and interests in land, including lands under water, riparian rights, property rights in air space or subsurface, and any and all other things and rights usually included within said term, including any and all interests in such property less than full title.
(11) “Revenue” means:
(a) Any income, revenue, toll, and receipt derived or to be derived from the construction and operation of projects by the commission or received by the commission from any other sources whatsoever.
(b) Monies generated by way of contract, pledge, donation, or bequest.
(12) “Secretary” means the secretary of the Department of Transportation and Development.
(13) “State” means the state of Louisiana or any agency or instrumentality thereof.
(14) “Toll” means any fee or charge for the use of a tollway.
(15) “Tollway” means any limited access highway, bridge, or other transportation facility constructed or operated by the commission.
Acts 2009, No. 518, §1, eff. June 10, 2009.