---
urn: urn:us-la:rs:39:1453
citation: "R.S. 39:1453"
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 }
---

# Use of proceeds of refunding bonds

The proceeds of the sale of any refunding bonds shall be deposited, applied, and disbursed in accordance with the provisions of the resolution or ordinance authorizing the issuance of the refunding bonds.