La. Rev. Stat. § 4:286
This is the official text of La. Rev. Stat. § 4:286, part of Louisiana’s Rev. Stat — part of the compiled statutory law of Louisiana, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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s ability or authority to collect any rents, charges, admissions, or fares it may be empowered to collect.
(16) To attract investments in research and development in equine facilities by focusing attention on various educational, cultural, scientific, and economic activities in this state and by assisting potential investors with information requested to determine whether to invest in this state.
(17) To make and enter into cooperative endeavor agreements with the United States, or its agencies, or with any public or private association, corporation, or individual.
(18) To attract investments in research and development of equine facilities and the associated businesses and industries by conducting and focusing attention on various educational, cultural, scientific, and economic activities in the region and the state, assisting potential investors with information requested to determine whether to invest in the region or in the state.
(19) To conduct activities that retain and enhance existing businesses and industries in the region and the state through economic development and that diversify the economy to include equine facilities and its associated businesses and industries.
(20) To conduct activities for any purpose or pursuant to any other authorization set forth in this Part which capitalize on the state's assets, including its natural resources and its people; maximize the benefits of the state's resources by promoting value-added products and a qualified labor force; match the competencies of the labor force with the market demands; and promote the coordination of information between employers, potential employees, and sources of employee training and recruitment to match employer needs and employee skills.
(21) To procure or provide for the procurement of insurance or reinsurance against any loss in connection with its property or operations, including but not limited to insurance, reinsurance, or other guarantees from any federal or state governmental agency or private insurance company for the payment of any bonds issued by the authority, or bonds, notes, or any other obligations or evidences of indebtedness issued by the state or any political subdivision or by any lending institution or other entity or person, or insurance or reinsurance against loss with respect to loans to political subdivisions, including the power to pay premiums on such insurance or reinsurance.
(22) To invest any funds held in reserve or sinking funds, or any monies not required for immediate use or disbursements at the discretion of the corporation in any investments or securities in which monies of the state are authorized to be invested.
(23) To accept any gifts, grants, loans of funds, or financial or other aid in any form from the federal government or instrumentality thereof or from the state or from any other source and to comply, subject to the provisions of this Part, with the terms and conditions thereof.
(24) To appoint an executive director to administer the affairs of the corporation. The executive director shall be appointed and serve at the pleasure of the board of directors.
(25) To purchase movable and immovable property.
(26) To contract with professionals and to pay such professionals for services rendered.
(27) To exercise any and all powers possessed by any political subdivision necessary or convenient to effect the purposes of this Part.
Acts 2025, No. 512, §1.
(16) To attract investments in research and development in equine facilities by focusing attention on various educational, cultural, scientific, and economic activities in this state and by assisting potential investors with information requested to determine whether to invest in this state.
(17) To make and enter into cooperative endeavor agreements with the United States, or its agencies, or with any public or private association, corporation, or individual.
(18) To attract investments in research and development of equine facilities and the associated businesses and industries by conducting and focusing attention on various educational, cultural, scientific, and economic activities in the region and the state, assisting potential investors with information requested to determine whether to invest in the region or in the state.
(19) To conduct activities that retain and enhance existing businesses and industries in the region and the state through economic development and that diversify the economy to include equine facilities and its associated businesses and industries.
(20) To conduct activities for any purpose or pursuant to any other authorization set forth in this Part which capitalize on the state's assets, including its natural resources and its people; maximize the benefits of the state's resources by promoting value-added products and a qualified labor force; match the competencies of the labor force with the market demands; and promote the coordination of information between employers, potential employees, and sources of employee training and recruitment to match employer needs and employee skills.
(21) To procure or provide for the procurement of insurance or reinsurance against any loss in connection with its property or operations, including but not limited to insurance, reinsurance, or other guarantees from any federal or state governmental agency or private insurance company for the payment of any bonds issued by the authority, or bonds, notes, or any other obligations or evidences of indebtedness issued by the state or any political subdivision or by any lending institution or other entity or person, or insurance or reinsurance against loss with respect to loans to political subdivisions, including the power to pay premiums on such insurance or reinsurance.
(22) To invest any funds held in reserve or sinking funds, or any monies not required for immediate use or disbursements at the discretion of the corporation in any investments or securities in which monies of the state are authorized to be invested.
(23) To accept any gifts, grants, loans of funds, or financial or other aid in any form from the federal government or instrumentality thereof or from the state or from any other source and to comply, subject to the provisions of this Part, with the terms and conditions thereof.
(24) To appoint an executive director to administer the affairs of the corporation. The executive director shall be appointed and serve at the pleasure of the board of directors.
(25) To purchase movable and immovable property.
(26) To contract with professionals and to pay such professionals for services rendered.
(27) To exercise any and all powers possessed by any political subdivision necessary or convenient to effect the purposes of this Part.
Acts 2025, No. 512, §1.
Status: in_force · Read it on the official government site
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