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Over the past holiday season, I was at a Christmas party discussing with a friend of mine who runs an electrical supply company here in South Louisiana, the intricacies of notice provisions before a company like his can file a lien on a private project. Part of the privileged class under the Louisiana Private Works Act (La R.S.
You are in the business of leasing heavy equipment to contractors. There is likely no answer for you under the lien law – unless you filed a notice of lease agreement with the owner within the appropriate time frame. If the job is private and not public, you must also provide a copy of the lease to the contractor.
Louisiana State Capitol, Baton Rouge (Photo credit: Wikipedia). This legislative session, there are several proposed changes in Louisiana construction law, all of which may critically impact how contractors do business in this state. Mechanics Liens: Recent Lien Law Amendments in Virginia.
Here in Louisiana, just as in many jurisdictions, there are certain rights or privileges which are bestowed on certain types of individuals or entities. A common example that we blog about here is the, Statement of Claim and Privilege , a Louisianalien. Louisiana Mechanics Lien Law: 5 Things to Know.
The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Small Producer Credit (AS 43.55.024(c)): Credit of up to $12 million per year for taxpayers incurring eligible oil and gas lease expenditures in North Slope operations.
The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. The program offers the following incentives: Transaction Privilege Tax Exemption (TPT Exemption) on purchased qualifying equipment and leased or rented qualifying equipment. TAX EXEMPTIONS.
Continuing the state’s long-standing focus on infrastructure spending focused on environmental well-being, Louisiana Governor John Bel Edwards announced in April 2022 that the state would be allocating $150 million in surplus state funding towards coastal restoration and protection projects. Payment protection on Louisiana public projects.
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