LAC 71:III.901. Leases

A. The provisions of this rule on expedited review of certain leases shall be applicable to all leases that meet the criteria set forth in §903 and shall include financed leases as well as conventional leases that do not contain a nonappropriation clause or that do contain an antisubstitution clause. The provisions of this rule are not intended and shall not in any way be interpreted as exempting from Bond Commission approval any form of lease that has traditionally been deemed to constitute debt.