Terms Used In Louisiana Revised Statutes > Title 39 > Subtitle III > Chapter 26 - Louisiana First Hiring Act

• Agency: means the Coastal Protection and Restoration Authority. See Louisiana Revised Statutes 39:2202
• Amortization: Paying off a loan by regular installments.
• Contract: A legal written agreement that becomes binding when signed.
• contract: shall include awards and notices of award; contracts of a fixed-price, cost, cost plus a fixed-fee, or incentive type contracts; contracts providing for the issuance of job or task orders; leases; letter contracts; and purchase orders. See Louisiana Revised Statutes 39:2202
• Contractor: means any person who has a contract with the Coastal Protection and Restoration Authority or a political subdivision to perform a public work as defined in this Chapter. See Louisiana Revised Statutes 39:2202
• Director: means the executive director of the Coastal Protection and Restoration Authority. See Louisiana Revised Statutes 39:2202
• person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
• Public work: means the erection, construction, alteration, improvement, or repair of any public facility or immovable property owned, used, or leased by the Coastal Protection and Restoration Authority or a political subdivision which project is funded entirely or partially by monies received through the Federal Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2011, or as a result of any settlement related to the explosion on, and sinking of the mobile offshore drilling unit Deepwater Horizon, or the Comprehensive Master Plan for Coastal Protection. See Louisiana Revised Statutes 39:2202
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.