{
  "urn": "urn:us-la:rs:39:1112",
  "title_number": "39",
  "section_number": "1112",
  "citation": "R.S. 39:1112",
  "heading": "Maximum duration; interest",
  "text": "No bonds issued by any subdivision shall run for a longer period than ten years from the date thereof, or bear a greater rate of interest than six per cent per annum payable annually or semi-annually, or be sold for less than par.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "39",
      "name": "PUBLIC FINANCE"
    },
    {
      "level": "subtitle",
      "number": "II",
      "name": "LOCAL FINANCE"
    },
    {
      "level": "chapter",
      "number": "5",
      "name": "FUNDING TAXES FOR NEW INDEBTEDNESS"
    }
  ],
  "breadcrumb": "Title 39 › Subtitle II › Chapter 5",
  "acts_citations": [],
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  "source_url": "https://legis.la.gov/legis/Law.aspx?d=95727",
  "website_law_id": 95727,
  "scrape_timestamp": "2026-05-22T23:09:54Z",
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