Said certificates shall not be included in computing the indebtedness of the city of New Orleans under any limitation prescribed by the constitution or statutes of the state of Louisiana, nor shall it be necessary to secure the approval for the issuance of said certificates from the State Bond Commission.
La. R.S. 33:4116
New Orleans; debt limit; exclusion of certificates
Known as the State Power Authority Act
The act spans §§ 33–33 (379 sections).
Added by Acts 1976, No. 167, §1.
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.