If after the payment of all the debts of a municipality dissolved under this Subpart, any balance of money remains, it shall be turned over to the school board of the parish to be used in the education of the children of school age residing within the territory covered by the municipality.
La. R.S. 33:261
Disposition of surplus funds of municipality
Acts 2016, No. 313, §1, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.