{
  "urn": "urn:us-la:rs:39:1272",
  "title_number": "39",
  "section_number": "1272",
  "citation": "R.S. 39:1272",
  "heading": "Securities purchased may be cashed",
  "text": "The political subdivision may also, at any time that may be deemed advisable, cash and liquidate any or all of the bonds, notes or certificates purchased for any particular fund, and the proceeds of the liquidation shall be credited to the fund from which the bonds, notes or certificates were originally purchased.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "39",
      "name": "PUBLIC FINANCE"
    },
    {
      "level": "subtitle",
      "number": "II",
      "name": "LOCAL FINANCE"
    },
    {
      "level": "chapter",
      "number": "8",
      "name": "INVESTMENT IN WAR BONDS BY LOCAL UNITS"
    }
  ],
  "breadcrumb": "Title 39 › Subtitle II › Chapter 8",
  "acts_citations": [],
  "acts_citations_raw": null,
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=95802",
  "website_law_id": 95802,
  "scrape_timestamp": "2026-05-22T23:09:54Z",
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}