{
  "urn": "urn:us-la:rs:40:480",
  "title_number": "40",
  "section_number": "480",
  "citation": "R.S. 40:480",
  "heading": "Essential governmental purpose",
  "text": "All bonds, notes, certificates, and other instruments evidencing indebtedness or conveying equity participations issued by a local housing authority or any subsidiary thereof are deemed to be issued for an essential governmental purpose.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "40",
      "name": "PUBLIC HEALTH AND SAFETY"
    },
    {
      "level": "chapter",
      "number": "3",
      "name": "HOUSING AUTHORITIES AND SLUM CLEARANCE"
    },
    {
      "level": "part",
      "number": "I",
      "name": "HOUSING AUTHORITIES LAW"
    },
    {
      "level": "subpart",
      "number": "D",
      "name": "POWERS, AUTHORITIES, AND LIMITATIONS"
    }
  ],
  "breadcrumb": "Title 40 › Chapter 3 › Part I › Subpart D",
  "acts_citations": [
    {
      "act_year": 1997,
      "act_number": 1188,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Acts 1997, No. 1188, §1.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=98528",
  "website_law_id": 98528,
  "scrape_timestamp": "2026-05-22T23:12:32Z",
  "source_html_hash": "sha256:51d4164b76c16a8e6523304dcfd19db2d63b0527e310090e3c2eded96b650919",
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}