The treasurer of the parish school loan fund committee shall give an indemnity bond in such sum as may be determined by the committee, made in favor of the governor of the state, or his successor in office. The committee shall pay the premium of this bond.
La. R.S. 17:1754
Treasurer of committee to give bond
Known as the Higher Education Foreign Security Act
The act spans §§ 17–17 (83 sections).
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.