Usufruct
R.S. 39:1040

Credit enhancement devices ACTIVE

The City and public entities may, in connection with the sale of bonds, use municipal bond insurance, bank guarantees, surety bonds, letters of credit, and other devices to enhance the credit quality of the bonds, the cost of which credit enhancement devices may be paid from the proceeds of the bonds or other lawfully available funds.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1985, No. 674, §10, eff. July 16, 1985

Section navigation

Cite R.S. 39:1040

Bluebook
La. Rev. Stat. Ann. § 39:1040 (2026).
Permalink
https://theusufruct.com/rs/title-39/section-1040
BibTeX
@misc{larevstat-39-1040,
  title        = {La. Rev. Stat. Ann. § 39:1040},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-39/section-1040},
  note         = {Snapshot 2026-05-22}
}