Louisiana § RS 15:1109.5 - Power to levy taxes, incur debt, and issue bonds

§ RS 15:1109.5. Power to levy taxes, incur debt, and issue bonds

            A. In the exercise of its powers to administer, control, and manage the affairs of the district, the board may incur debt and issue bonds, and it may levy taxes in the manner provided in this Subpart and pursuant to Article VI, Sections 30 and 32 of the Constitution of Louisiana and any other constitutional or statutory authority.

            B. In order to obtain the necessary funds to carry out its purposes, duties, and responsibilities, and in order to acquire, construct, maintain, and operate a juvenile facility or facilities and related services throughout the district, the commission may incur debt and issue general obligation bonds within the limitations prescribed in Article VI, Section 33 of the Constitution of Louisiana and any other applicable constitutional or statutory authority, but only when authorized by a majority of the electors in the district who vote thereon in an election held for that purpose in accordance with laws governing such elections.

            C. In addition to the taxes authorized by this Section, the board is hereby authorized to levy and collect a sales and use tax not to exceed one percent within the district, levied upon the sale at retail, the use, consumption, the distribution, the storage for use or consumption, and the lease or rental of tangible personal property or digital products, and on sales of services in the district, all as defined in Chapter 2 of Subtitle II of Title 47 of the Louisiana Revised Statutes of 1950. The ordinance imposing the tax shall be adopted by the board only after the question of the imposition of the tax has been submitted to the qualified electors of the district at an election conducted in accordance with the Louisiana Election Code and the majority of those voting in the election voted in favor of the imposition of the tax. The tax shall be levied for the purposes set forth in the proposition approved at the election.

            Acts 2023, No. 166, §1, eff. June 7, 2023; Acts 2025, No. 240, §1, eff. June 11, 2025.