Louisiana Revised Statutes — Title 47 (Revenue and Taxation)
La. R.S. 47:8012
Development management
# A.
In order to carry out the purposes of this Chapter, and to utilize private enterprise to a maximum degree consistent with the public interest, a corporation may by a two-thirds vote of the board of directors enter into a contract with a private development corporation to provide services to the corporation.
# B.
The private development corporation with which the corporation contracts shall have experience in land use planning and land development and shall have the capability of planning, undertaking and carrying out large scale, multi-purpose urban development programs. Any such contract shall be on such terms and conditions as the corporation deems advisable, shall contain a cancellation clause allowing the corporation and the private development corporation to cancel on such terms and conditions as are equitable at any time upon six months notice, shall not be subject to the requirements of public or competitive bidding, and may contain such incentives as the corporation deems appropriate. The development management shall, subject to the policies and procedures and rules and regulations adopted by the board of directors, carry out such duties and responsibilities as the corporation shall deem necessary or convenient in order to effectuate the purposes of this Chapter.
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In this chapter (27 sections)
- 47:8001 · Short title
- 47:8002 · Findings, declaration of necessity and purpose
- 47:8003 · Definitions
- 47:8004 · Creation of corporation; public hearing; adoption of…
- 47:8005 · Board of directors; appointment; tenure; compensation
- 47:8006 · Organization of corporation; employees; meetings; personal…
- 47:8007 · Removal of directors; right to counsel; record of proceedings
- 47:8008 · Conflict of interest; disclosure of interests; penalty
- 47:8009 · Powers of the corporations
- 47:8010 · Increment revenues
- 47:8011 · Tax increment trust fund; mandatory contributions
- 47:8012 · Development management
- 47:8013 · Tax increment development plan; preparation; adoption;…
- 47:8014 · Subsidiary corporations; creation; purposes; powers;…
- 47:8015 · Disposition of property in tax increment development area
- 47:8016 · Development by corporations; surplus profits
- 47:8017 · Bonds of the corporations
- 47:8018 · Security for bonds or notes
- 47:8019 · Bonds and notes as legal investment
- 47:8020 · Corporation funds; audit; investment
- 47:8021 · Property exempt from taxes and from levy and sale by virtue…
- 47:8022 · Assistance by state and local agencies
- 47:8023 · Title of purchase
- 47:8024 · Annual report
- 47:8025 · Encouragement of private enterprise
- 47:8026 · Indemnity of directors, officers, agents and employees
- 47:8027 · Authority of parishes, municipalities and subdivisions…