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La. Rev. Stat. § 39:991 (2026)

Authorization to issue revenue bonds

✓ current as of May 2026
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PART XII. BONDS TO ACQUIRE PLANT SITES

§991. Authorization to issue revenue bonds

           In addition to any other authority conferred by the constitution and statutes of the state of Louisiana, any municipal corporation or any parish or any other political subdivision or taxing district authorized to issue bonds under R.S. 39:551.1, R.S. 39:551.2, or R.S. 34:340.1 through R.S. 34:340.6, all of which are hereinafter in this Part referred to as municipal corporation or municipality may, in order to encourage the location of or addition to industrial enterprises therein or adjoining thereto, issue revenue bonds and use the funds derived from the sale of such bonds to acquire, purchase, lease, rent, construct, or improve industrial plant sites and industrial plant buildings, including facilities for the generation of electricity and production of steam and other forms of energy, and pollution abatement and control facilities, and necessary property and appurtenances thereto, and may sell, lease, sublease, or otherwise dispose of, by suitable and appropriate contract, to any enterprise locating or existing within or adjoining such municipality, such sites, buildings and/or facilities, and appurtenances thereto, all or severally. The funds derived from the sale of such bonds may be disbursed in whole or in part upon completion of the facilities or any partial completion thereof as shall be provided in the contract between the municipality and the industrial enterprise to be aided, encouraged, or benefited. For the purposes of this Part, the governing body of the municipal corporation shall be the body empowered to authorize and issue other bonds of the municipal corporation under the provisions of R.S. 39:551.1, R.S. 39:551.2, or R.S. 34:340.1 through R.S. 34:340.6, and other constitutional and statutory authority supplemental thereto.

           Acts 1964, No. 520, §1. Amended by Acts 1974, No. 620, §1; Acts 1975, No. 155, §2.

Notes of Decisions
Cited in 12 cases, 1967–2003 · leading case: Hebert v. Police Jury of West Baton Rouge Par., 200 So. 2d 877 (La. Ct. App. 1967).
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Hebert v. Police Jury of West Baton Rouge Par., 200 So. 2d 877 (La. Ct. App. 1967). · cites it 7× “By a constitutional amendment adopted on November 8, 1966, the provisions of R.S. 39:991 to 39:1001 were approved, ratified, and made part of the Louisiana constitution and given full effect as a constitutional amendment.”
Adams Indus., Inc. v. City of Monroe, 385 So. 2d 896 (La. Ct. App. 1980). · cites it 5× “2 and LRS 39:991 et seq. LRS 33:4717.2 authorizes a municipality to lease for industrial inducement purposes a plant site for a consideration which may include the potential value of the economic impact the induced enterprise would have on the community.”
Langley v. Police Jury of the Par. of Calcasieu, 201 So. 2d 300 (La. Ct. App. 1967). · cites it 4× ““The Lease Agreement was signed on May 15, 1967, by the Parish and Hercules for the construction and operation by Hercules of a chemical plant in the Parish, the cost of which is to be originally provided by the issuance of industrial revenue bonds by the Parish as authorized by…”
Traigle v. Gulf Coast Aluminum Corp., 422 So. 2d 1190 (La. Ct. App. 1982). · cites it 16× “R.S. 39:991 et seq. (Louisiana’s Industrial Inducement Statute), the Parish of Calcasieu (Parish) and GCA entered into agreements whereby the Parish would issue Industrial Development Bonds, the proceeds of which would be and were used to construct a manufacturing facility to be…”
Farlouis v. LaRock, 315 So. 2d 50 (La. Ct. App. 1975). · cites it 3× “2) of the Louisiana Constitution of 1921, and LSA-R.S. 39:991 and 39:1001, inclusive, and as they may be further defined by the construction deposit agreement and lease agreement existing between the District and Kellwood.”
Entergy Louisiana, Inc. v. Kennedy, 859 So. 2d 74 (La. Ct. App. 2003). · cites it 4× “R.S. 39:991, et seq. (Louisiana’s Industrial Inducement Statute), whereby the Parish would issue Industrial Development Bonds, the proceeds of which would be and were used to construct a manufacturing facility to be leased |fito GCA.”
Police Jury of the Par. of Washington v. All Taxpayers, Prop. Owners & Citizens of Indus. Dist. No. 1, 278 So. 2d 474 (La. 1973). · cites it 4× “Thereafter, on November 8, 1966, in order to validate and thereby improve the marketability of industrial revenue bonds then authorized by law, “and without in any way depriving the Legislature of its right to amend R.S. 39:991 to R.S. 39:1001, inclusive,” the provisions of…”
Police Jury of the Par. of Washington v. All Taxpayers, Prop. Owners & Citizens of Indus. Dist. No. 1 of the Par. of Washington, 273 So. 2d 597 (La. Ct. App. 1973). · cites it 3× “More directly, we must determine the constitutionality of R.S. 39:991 — 1001, since the proceedings followed in connection with the issuance of the bonds is entirely in accordance with the provisions thereof, as amended by Act 433 of 1972.”
Par. of Calcasieu, Calcasieu Par. Pol. J. v. Traigle, 296 So. 2d 418 (La. Ct. App. 1974). “NOTES [1] The Louisiana Industrial Inducement Act emerged as Act 520 of 1964, codified as LSA-R.S. 39:991 et seq., and ratified by Article 14, Section 14(b.”
Police Jury v. All Taxpayers, Etc., 278 So. 2d 474 (La. 1973). · cites it 4× “Thereafter, on November 8, 1966, in order to validate and thereby improve the marketability of industrial revenue bonds then authorized by law, "and without in any way depriving the Legislature of its right to amend R.S. 39:991 to R.S. 39:1001, inclusive," the provisions of…”
Traigle v. Par. of Calcasieu, 296 So. 2d 411 (La. Ct. App. 1974). “The construction of an aluminum plant in the Parish by Conalco was financed pursuant to the provisions of the Industrial Inducement Act, codified as LSA-R.S. 39:991 et seq., as ratified by Article 14, Section 14B(3), of the Louisiana Constitution of 1921.”
Sys. Fuels, Inc. v. Kennedy, 858 So. 2d 585 (La. Ct. App. 2003). · cites it 2× “R.S. 39:991 et seq. (Louisiana’s Industrial Inducement Statute), the Parish of Cal-casieu (Parish) and GCA entered into *591 agreements whereby the Parish would issue Industrial Development Bonds, the proceeds of which would be and were used to construct a manufacturing facility…”
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