§ 48:196 A. There is hereby created, as a special fund in the state treasury, the State Highway Improvement Fund, hereinafter referred to as the “fund.” The source of monies in this fund shal
§ 48:196.1 Bonds
§ 48:197 A.(1) Beginning January 1, 2013, through June 30, 2019, after compliance with the requirements of Article VII, Section 9(B) of the Constitution of Louisiana, and after making the all

Terms Used In Louisiana Revised Statutes > Title 48 > Chapter 1 > Part XI-A - State Highway Improvement Fund

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Trustee: A person or institution holding and administering property in trust.