§ 31:122 Lessee’s obligation to act as reasonably prudent operator
§ 31:123 Rent and the obligation to make timely payment thereof
§ 31:124 Production in paying quantities required; definition
§ 31:125 Amount of royalties relevant to reasonableness of lessee’s expectation

Terms Used In Louisiana Revised Statutes > Title 31 > Chapter 7 > Part 4 - The Obligations of the Lessee

  • Agency: means any state office, department, board, commission, institution, division, officer or other person, or functional group, heretofore existing or hereafter created, that is authorized to exercise, or that does exercise, any functions of the government of the state in the executive branch, but not any governing body or officer of any local government or subdivision of the state, or any parochial officer who exercises functions coterminous with the municipality in which he performs those functions. See Louisiana Revised Statutes 39:2
  • Budget unit: means any spending agency of the state which is declared to be a budget unit by the division of administration and which is identified for accounting purposes by a five-digit number code. See Louisiana Revised Statutes 39:2
  • Child care facilities: means those facilities regulated pursuant to the Child Care Facility and Child-Placing Agency Licensing Act (R. See Louisiana Revised Statutes 46:1442.1
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Department: means the Department of Children and Family Services. See Louisiana Revised Statutes 46:1442.1
  • Department: means the Department of Children and Family Services or its successor as administrator of the Child Care and Development Fund program in this state. See Louisiana Revised Statutes 46:1443.1
  • Expenses: means amounts represented by cash paid out or by obligations to pay cash or partly by each for maintaining and operating government services. See Louisiana Revised Statutes 39:2
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Fund: means an independent fiscal and accounting entity with a self-balancing set of accounts recording cash or other resources together with all related liabilities, obligations, reserves, and equities which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with regulations, restrictions, and limitations. See Louisiana Revised Statutes 39:2
  • Homeless: means lacking a fixed, regular, and adequate nighttime residence. See Louisiana Revised Statutes 46:1443.1
  • 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
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Office: means the office of children and family services, Department of Children and Family Services. See Louisiana Revised Statutes 46:1442.1
  • person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
  • Public assistance: means subsidized child care assistance. See Louisiana Revised Statutes 46:1442.1
  • Quality: means degree or grade of excellence. See Louisiana Revised Statutes 39:2
  • Quorum: The number of legislators that must be present to do business.