Any gas utility district created pursuant to this Subpart shall be a political subdivision within the meaning of the general laws authorizing the issuance of bonds. Nothing in this Subpart shall be construed as authorizing the issuance and sale of property or ad valorem bonds.
La. R.S. 33:4306
District as a political subdivision
Known as the State Power Authority Act
The act spans §§ 33–33 (379 sections).
Acts 1960, No. 415, §6
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.