---
urn: urn:us-la:rs:39:1450
citation: "R.S. 39:1450"
status: active
breadcrumb: "Title 39 › Subtitle III › Chapter 14-A"
acts_citations:
  - { year: 1984, number: 352, section: 1, effective_date: 1984-07-02, role: enactment }
---

# Interest rates of refunding bonds

Refunding bonds shall bear interest at such rate or rates as are set forth in the resolution or ordinance authorizing the issuance of the bonds but such interest rate or rates shall be governed by the provisions of R.S. 39:1424 and 1424.1.