{
  "urn": "urn:us-la:rs:39:1762",
  "title_number": "39",
  "section_number": "1762",
  "citation": "R.S. 39:1762",
  "heading": "Legislative findings and intent",
  "text": "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.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "39",
      "name": "PUBLIC FINANCE"
    },
    {
      "level": "subtitle",
      "number": "III",
      "name": "GENERAL LAWS ON STATE DEBT"
    },
    {
      "level": "chapter",
      "number": "17-A",
      "name": "STATE EQUIPMENT-LEASE-PURCHASE"
    }
  ],
  "breadcrumb": "Title 39 › Subtitle III › Chapter 17-A",
  "acts_citations": [
    {
      "act_year": 1985,
      "act_number": 758,
      "section": 2,
      "effective_date": "1985-07-17",
      "effective_date_raw": "July 17, 1985",
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Acts 1985, No. 758, §2, eff. July 17, 1985. {{NOTE: SEE ACTS 1985, NO. 758, §§3, 5 AND 6.}}",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=96166",
  "website_law_id": 96166,
  "scrape_timestamp": "2026-05-22T23:09:56Z",
  "source_html_hash": "sha256:f176e686942e2ba2ec6705bc57fa0bd809cc1a4ec386d6776dcc48400e0e44c8",
  "schema_version": "1.0.0"
}