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How to Get Paid on Louisiana Public Projects

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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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In The Pipeline – Changes in Louisiana Construction Law

Construction Law Monitor

Louisiana State Capitol, Baton Rouge (Photo credit: Wikipedia). If there is any one constant in the legal profession, it is that the law is an ever-evolving, static thing. There are currently three bills in various stages of the legislative process that would significantly change how different parties secure their rights to payment.

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Louisiana Contractors & State Licensing – Home Improvement

Construction Law Monitor

Here in Louisiana, contractor licensing law is governed by the State Licensing Board for Contractors (SLBC). The application needs to include the following information in addition to proof of workers compensation insurance: (B)(1) The applicant’s name, home address, business address, and social security number. (2) See La R.S.

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Getting Paid – Notice of Contract Filing

Construction Law Monitor

In common terms, the PWA allows you to lien property in order to secure your right to payment. The notice of contract filing is important because, depending on the amount of the contract, the filing date will determine the time period in which one can file a lien. Louisiana Revised Statute 9:4831.

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How to Get Paid on Texas Public Projects

Levelset

Contractors on public projects aren’t allowed to file mechanics liens when payment problems arise. Instead, public construction projects need to secure a payment bond prior to the start of work. Additionally, performance bonds need to be secured if the contract is in excess of $100,000. Working in nearby Louisiana?

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S. The company’s obligation to repay the loan is secured by a direct-pay Letter of Credit from a bank rated ‘A’ or better. The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral.

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State by State Incentives Guide

Buisness Facilities Contributed Content

The Participating Lender sets all the terms and conditions of the loan (including premium levels, maturity dates, fixed or variable interest rates, secured or unsecured, amortization schedule, etc.) The Securities Industry and Financial Markets Association tracks the weekly average municipal interest rate from 2000 to current.

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