Louisiana Administrative Code
Title 71 - TREASURY-PUBLIC FUNDS
Part III - Bond Commission-Debt Management
Chapter 3 - Non-Traditional Tax-Exempt Projects
Section III-303 - Public Notice Requirements

Universal Citation: LA Admin Code III-303

Current through Register Vol. 50, No. 9, September 20, 2024

A. In addition to the existing notice requirements contained in the guidelines of the commission adopted July 28, 1981 (the "guidelines") as amended on April 13, 1982 and other applicable laws, the notice of public hearing to issue non-traditional bonds which do not satisfy the guidelines but which are proposed to be issued under the amended guidelines established at the April 13, 1982 meeting of the commission shall conform to the following minimum requirements.

1. The notice of public hearings shall be published in a newspaper of general circulation in the area in which the project to be funded is located, and in the official journal of the industrial development board or public trust authority.

2. The newspaper notice referred to in Paragraph 1 above shall be set off by a solid black line border, shall be at least 2 columns in width by 2 1/2 column inches in length, or of physical dimensions not less than 4 by 3 inches, whichever is greater.

3. The newspaper notice shall be captioned with a tide set forth in bold print which substantially sets forth the following: "notice of public hearing regarding issuance of non-traditional revenue bonds."

4. The newspaper notice, in addition to setting forth the subject date, and place of such public hearing, shall include a brief description of the nature of the project and set forth its proposed location in reasonable detail.

B. A written public notice conforming to the requirements set forth above for the newspaper notice shall be posted at the principal office of the industrial development board holding the meeting, or if no such office exists, at the building in which the meeting is to be held.

C. In the event that a housing project is to be the subject of action at a public meeting, notice must be posted at the proposed site for such housing project. Such posting shall be of sufficient size and be located in a position or positions prominent enough to allow ease of reading.

D. All industrial development boards or public trust authorities shall provide five days notice to state legislators from the prominent localities of all projects submitted by initial approval and 24-hour notice of subsequent approval of project(s).

AUTHORITY NOTE: Promulgated in accordance with R.S. 49:950 et seq.

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