Notwithstanding the provisions of R.S. 39:741 and 742, Fire District No. 8 in Natchitoches Parish is authorized to obligate anticipated tax revenues in excess of five years, not to exceed ten years, and to borrow in excess of seventy-five percent of their estimated tax income, for the express purpose of constructing ancillary permanent structures and financing firefighting equipment.
La. R.S. 39:742.3
Fire District No. 8; borrowing limitations; waiver; authorization
Known as the Public Entity Facilities Financing Act
The act spans §§ 39–39 (161 sections).
Acts 1990, No. 541, §1.
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.