§ 51:2311 A.(1) There is hereby created a body politic and corporate to be known as the Louisiana Economic Development Corporation, hereinafter referred to as the “corporation”. The corporatio
§ 51:2312 A. The corporation shall serve as the single review board for all financial assistance, loans, incentives or inducements, customized workforce training, investment programs, and any
§ 51:2313 Examination by commissioner of financial institutions and audits by independent certified public accountants and by the legislative auditor
§ 51:2314 Qualified state development company
§ 51:2315 A. There is hereby established within the state treasury a fund to be known as the “Louisiana Economic Development Fund”. All monies received by the corporation shall be deposited to
§ 51:2317 The corporation, through the secretary, may charge application fees and other fees as necessary to cover costs associated with administering its programs in a manner consistent with
§ 51:2318 Laws applicable to the corporation
§ 51:2320 Appropriations; warrants; records
§ 51:2320.1 A. No member of the corporation, employee thereof, or employee of the Department of Economic Development who is provided as staff to the corporation shall either directly or indirect
§ 51:2320.2 Exemption from taxation
§ 51:2320.3 Penalty for false statements

Terms Used In Louisiana Revised Statutes > Title 51 > Chapter 39 > Part II - Louisiana Economic Development Corporation

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bequest: Property gifted by will.
  • Bonds: means any bond, refunding bond, note, debenture, interim certificate or any bond, grant, or any other evidences of indebtedness of the corporation whether in temporary or in definitive form and whether or not exempt from federal taxation. See Louisiana Revised Statutes 51:2303
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: means the Louisiana Economic Development Corporation as established in Part II of this Chapter. See Louisiana Revised Statutes 51:2303
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Devise: To gift property by will.
  • 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 the Louisiana Economic Development Fund. See Louisiana Revised Statutes 51:2332
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • 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
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
  • Program: means the Workforce Development and Training Program. See Louisiana Revised Statutes 51:2332
  • Quorum: The number of legislators that must be present to do business.