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Private Activity Bond
LCDA Overgrown Lot Loan Program
LMA brings together municipal leaders in the active pursuit for solutions to common problems, discussion of federal and state policies to resolve pressing issues, and dialogue with federal and state policymakers to improve the system of government at all levels and expand municipal-government autonomy. LMA’s primary quest is to promote among its members progressive leadership, efficient delivery of public services, and effective performance in government.
LED is working diligently to put the local, national and international business communities on notice: Louisiana is still an ideal business destination. We are promoting an extraordinary package of state and federal incentives that provide tax relief and worker training. While we are leading that initiative, we continue to collaborate with our economic development allies to put Louisianians back to work and their employers back to business. In addition to fulfilling our role of helping existing businesses thrive and bringing new businesses into our state, we are also your conduit for information and resources about the recovery efforts.
The Louisiana State Bond Commission was created in 1968 to centralize and administer the incurring of state debt. Subsequent to the creation of the State Bond Commission, the State Bond and Tax Board, which had been charged with approving the issuance of bonds by various political subdivisions of the state, was abolished and its functions were transferred to the State Bond Commission. The Louisiana Constitution of 1974, Article VII, Section 8, grants constitutional status to the Commission and provides that “No bonds or other obligations shall be issued or sold by the State directly or through any State board, agency or commission, or by any political subdivision of the State, unless prior written approval of the Commission is obtained.”