Usufruct
R.S. 39:1762

Legislative findings and intent ACTIVE

The intent of the legislature in enacting this Chapter is to provide a cost effective means of acquiring essential equipment for the operation of state government. Commercial leases or renting agreements as well as lump sum purchases of equipment have created a burden on the finances of the state, and it has been determined that, pursuant to this Chapter, essential equipment may be obtained using an equipment-lease-purchase contract in conjunction with tax-exempt financing and earnings on investments by nonprofit lessors resulting in lower net equipment costs to the state.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1985, No. 758, §2, eff. July 17, 1985

Section navigation

Cite R.S. 39:1762

Bluebook
La. Rev. Stat. Ann. § 39:1762 (2026).
Permalink
https://theusufruct.com/rs/title-39/section-1762
BibTeX
@misc{larevstat-39-1762,
  title        = {La. Rev. Stat. Ann. § 39:1762},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-39/section-1762},
  note         = {Snapshot 2026-05-22}
}