Usufruct
R.S. 39:1456

General obligation bond debt limitations; advance refunding ACTIVE

The debt limitation for general obligation bonds issued by any political subdivision in order to advance refund its outstanding debt obligations is hereby established at an amount not greater than one hundred ten percent of the debt limitation otherwise established by law, provided that the term of the debt refunded shall not be extended and the principal and interest payments on the refunding bonds is less in each calendar year than the principal and interest in such calendar year on the outstanding debt being refunded.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1991, No. 178, §1, eff. July 2, 1991

Section navigation

Cite R.S. 39:1456

Bluebook
La. Rev. Stat. Ann. § 39:1456 (2026).
Permalink
https://theusufruct.com/rs/title-39/section-1456
BibTeX
@misc{larevstat-39-1456,
  title        = {La. Rev. Stat. Ann. § 39:1456},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-39/section-1456},
  note         = {Snapshot 2026-05-22}
}