Terms Used In Louisiana Revised Statutes > Title 33 > Chapter 9 > Part II > Subpart J - Cooperative Endeavors for Economic Development - Environmental Services

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Deed: The legal instrument used to transfer title in real property from one person to another.
• Executive session: A portion of the Senate's daily session in which it considers executive business.
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• 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.
• person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
• Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.