Louisiana § RS 49:342 - Definitions
Full text of Louisiana Louisiana Civil Code § RS 49:342 — Definitions, with citation guidance and answers to common questions.
§ RS 49:342. Definitions
As used herein, the following terms shall have the following meanings:
A. "Bonds" means bonds, notes, certificates, or other written obligations for the repayment of borrowed money, including obligations to refund any of them.
B. "Public entities" means:
(1) The state of Louisiana, state departments, boards, commissions, or agencies; parishes; municipalities; parish and municipal school boards and districts; levee boards and districts; port boards and commissions; port, harbor, terminal and industrial districts; drainage and land reclamation districts; all special service districts, including but not limited to road, water, sewerage, fire protection, recreation, hospital service, gas utility, and garbage districts;
(2) All other political subdivisions, special authorities, commissions, or boards heretofore or hereafter created by or pursuant to the constitution or statutes of the state, any laws incorporated into or ratified or confirmed by constitution, or general or special charters of any parish or municipality; and
(3) Any other unit of local government created or governed by the governing authority of any parish or municipality.
C. "Tax-exempt bonds" means bonds issued by any state or a political subdivision or public corporation of any state, the interest on which is exempt from federal income taxes; provided that the bonds are rated at the time the investment is made by a nationally recognized rating agency in one of the two highest rating categories.
Acts 1986, No. 66, §1, eff. June 13, 1986.
Frequently Asked Questions About Louisiana § RS 49:342
What does Louisiana Civil Code § RS 49:342 cover?
Section RS 49:342 ("Definitions") 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 49:342?
A common citation format is "Louisiana Civil Code § RS 49:342" (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 49:342 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.