{
  "urn": "urn:us-la:rs:39:1443",
  "title_number": "39",
  "section_number": "1443",
  "citation": "R.S. 39:1443",
  "heading": "Effect of defeasance",
  "text": "Securities of the public entity which have been defeased as provided in R.S. 39:1442 shall no longer be considered as outstanding in computing any constitutional or statutory debt limitation with respect to the issuance of securities by such entity, and the public entity shall be released from the covenants, agreements, and obligations contained in the instrument authorizing such securities.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "39",
      "name": "PUBLIC FINANCE"
    },
    {
      "level": "subtitle",
      "number": "III",
      "name": "GENERAL LAWS ON STATE DEBT"
    },
    {
      "level": "chapter",
      "number": "14",
      "name": "DEFEASANCE OF SECURITIES OF PUBLIC ENTITIES"
    }
  ],
  "breadcrumb": "Title 39 › Subtitle III › Chapter 14",
  "acts_citations": [
    {
      "act_year": 1978,
      "act_number": 381,
      "section": 1,
      "effective_date": "1978-07-12",
      "effective_date_raw": "July 12, 1978",
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Added by Acts 1978, No. 381, §1, eff. July 12, 1978.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=95927",
  "website_law_id": 95927,
  "scrape_timestamp": "2026-05-22T23:09:55Z",
  "source_html_hash": "sha256:75fa72e35e793dff79a2619d84428a5a05fadd558d94474274215a5f02c5181a",
  "schema_version": "1.0.0"
}