{
  "urn": "urn:us-la:rs:39:1425",
  "title_number": "39",
  "section_number": "1425",
  "citation": "R.S. 39:1425",
  "heading": "Maximum interest rates for securities previously authorized at an election",
  "text": "Any bonds heretofore authorized at an election at which the proposition approved by the electors specified a maximum interest rate higher than the maximum interest rate permitted by laws in effect at the time of said election may be issued at a maximum rate of interest not exceeding the rate set forth in said proposition subject to the approval of the State Bond Commission.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "39",
      "name": "PUBLIC FINANCE"
    },
    {
      "level": "subtitle",
      "number": "III",
      "name": "GENERAL LAWS ON STATE DEBT"
    },
    {
      "level": "chapter",
      "number": "13",
      "name": "SECURITIES OF PUBLIC ENTITIES"
    }
  ],
  "breadcrumb": "Title 39 › Subtitle III › Chapter 13",
  "acts_citations": [
    {
      "act_year": 1975,
      "act_number": 19,
      "section": 5,
      "effective_date": "1975-01-28",
      "effective_date_raw": "Jan. 28, 1975",
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Acts 1975, 1st.Ex.Sess., No. 19, §5, eff. Jan. 28, 1975.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=95910",
  "website_law_id": 95910,
  "scrape_timestamp": "2026-05-22T23:09:55Z",
  "source_html_hash": "sha256:64938c1a3d102a311f4b84a155fd99ab26b8a79459a5d07ba58fc4098350439e",
  "schema_version": "1.0.0"
}