§ 17:3045 Purpose
§ 17:3045.1 Louisiana Opportunity Loan Program; creation; management
§ 17:3045.2 Louisiana Opportunity Loan Fund, creation
§ 17:3045.3 Appropriation; procedure
§ 17:3045.4 Louisiana Financial Assistance Commission; duties
§ 17:3045.5 Loan amounts
§ 17:3045.6 Eligibility requirements
§ 17:3045.7 Repayment of loans
§ 17:3045.8 Loan funds; availability

Terms Used In Louisiana Revised Statutes > Title 17 > Chapter 20-E - Louisiana Opportunity Loan Program

  • Affiliate: means , in relation to a person, a subsidiary of the person or an entity which owns beneficially or of record a majority of the outstanding equity interests of the person. See Louisiana Revised Statutes 12:1803
  • Benefit officer: means the individual designated as the benefit officer of a benefit corporation pursuant to La. See Louisiana Revised Statutes 12:1803
  • General public benefit: means a material positive impact on society and the environment, taken as a whole, assessed against a third-party standard, from the business and operations of a benefit corporation. See Louisiana Revised Statutes 12:1803
  • interest: means a member's rights in a limited liability company, collectively, including the member's share of the profits and losses of the limited liability company, the right to receive distributions of the limited liability company's assets, and any right to vote or participate in management. See Louisiana Revised Statutes 12:1301
  • Material relationship: means the relationship between a person and a benefit corporation or any of its subsidiaries if any of the following apply:

    (a)  The person is, or has been within the last three years, an employee, other than a benefit officer, of the benefit corporation, or an affiliate of the benefit corporation. See Louisiana Revised Statutes 12:1803

  • Member: means a person with a membership interest in a limited liability company with the rights and obligations specified under this Chapter. See Louisiana Revised Statutes 12:1301
  • Minimum vote: means :

    (a)  In the case of a business corporation, the approval by holders of two-thirds of the shares present and voting of each class or series and any other approval or vote required under the Business Corporation Law or the articles. See Louisiana Revised Statutes 12:1803

  • Person: means a natural person, corporation, partnership, limited partnership, domestic or foreign limited liability company, joint venture, trust including a common law trust, business trust, statutory trust, voting trust, or any other form of trust, estate, or association. See Louisiana Revised Statutes 12:1301
  • Specific public benefit: means any of the following:

    (a)  Serving low-income or underserved individuals or communities. See Louisiana Revised Statutes 12:1803

  • Subsidiary: means , in relation to a person, an entity in which the person owns beneficially or of record fifty percent or more of the outstanding equity  interests. See Louisiana Revised Statutes 12:1803
  • Third-party standard: means a recognized standard for defining, reporting, and assessing the performance of corporations in producing general public benefit and specific public benefits which is all of the following:

    (a)  Comprehensive in that it assesses the effect of the corporation and its operations in producing general public benefit and any specific public benefit specified in the articles. See Louisiana Revised Statutes 12:1803