§ 33:130.251 — Terrebonne Economic Development Authority; creation; territorial jurisdiction

Louisiana § 33:130.251

• Jurisdiction: Louisiana
• Title 33: Municipalities and Parishes

Text

§130.251. Terrebonne Economic Development Authority; creation; territorial jurisdiction
A. The Terrebonne Economic Development Authority, hereafter in this Subpart
referred to as the "authority", is hereby constituted and is declared to be a body politic and
political subdivision of the state of Louisiana, as defined in Article VI, Section 44 of the
Constitution of Louisiana. Pursuant to Article VI, Sections 19 and 21 of the Constitution of
Louisiana, the authority is hereby granted all of the rights, powers, privileges, and immunities
granted to political subdivisions for economic development purposes, including but not
limited to the power of taxation, the power to incur debt and issue revenue and general
obligation bonds, certificates of indebtedness, bond and certificate anticipation notes, and
refunding bonds, subject to the limitations provided in this Subpart.
B. The authority shall be established for the primary object and purpose of
promoting, encouraging, and participating in business development to stimulate the economy
through commerce, industry, and research and for the utilization and development of natural,
physical, and human resources of the area by providing job opportunities.
C. The boundaries of the authority shall be coterminous with the boundaries of
Terrebonne Parish.

Legislative History

Acts 1989, No. 2, §1, eff. June 1, 1989; Acts 2004, No. 622, §1, eff. July 1, 2004; Acts 2015, No. 191, §1.