Public-domain · open source
OpenJurist

La. R.S. 39:551

Subdivisions; power to incur debt and issue bonds

Known as the Consolidated Local Government Public Finance Act

The act spans §§ 39–39 (94 sections).

PART III. BONDED INDEBTEDNESS

SUBPART A. BOND ISSUES

§551. Subdivisions; power to incur debt and issue bonds

Municipal corporations, parishes, school districts, including the Orleans Parish School Board, road, subroad, sewerage, waterworks and subwaterworks, gravity drainage and subdrainage districts except in the city of New Orleans and parish of Orleans, irrigation districts, hospital service districts, fire protection districts, and gas utility districts may incur debt and issue negotiable bonds in the form and manner and subject to the limitations and restrictions contained in Part III of this Chapter and Chapter 6-A of Title 18 1 of the Louisiana Revised Statutes of 1950.

Amended by Acts 1960, No. 416, §2; Acts 1975, No. 146, §2; Acts 1979, No. 42, §1, eff. June 6, 1979.

1 R.S. 18:1281 et seq.

Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.