Louisiana § RS 33:130.755 - Grants and loans to community development corporations and community development financial institutions
Full text of Louisiana Louisiana Civil Code § RS 33:130.755 — Grants and loans to community development corporations and community development financial institutions, with citation guidance and answers to common questions.
§ RS 33:130.755. Grants and loans to community development corporations and community development financial institutions
A. Criteria for grants and loans.
(1) The department shall establish and implement criteria for grants and loans to community development corporations and community development financial institutions.
(2) Grant and loan criteria shall be set forth in rules, promulgated in accordance with the Administrative Procedure Act, R.S. 49:950 et seq.
(3) Such criteria shall require that an applicant demonstrate a capacity to engage in the community development projects and sufficient organizational structure to ensure proper management.
B. The total amount of grants and loans administered pursuant to this Subpart shall not exceed one million dollars for all recipients in any one fiscal year.
C. A single community development corporation or community development financial institution shall not receive more than ten percent of the total amount of grants and loans funds administered pursuant to this Subpart in any one fiscal year.
D. The department may receive funds from both state appropriations and private contributions.
Acts 2007, No. 374, §1, eff. July 10, 2007.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 33:130.755
What does Louisiana Civil Code § RS 33:130.755 cover?
Section RS 33:130.755 ("Grants and loans to community development corporations and community development financial institutions") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 33:130.755?
A common citation format is "Louisiana Civil Code § RS 33:130.755" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 33:130.755 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.