{
  "urn": "urn:us-la:rs:47:1876",
  "title_number": "47",
  "section_number": "1876",
  "citation": "R.S. 47:1876",
  "heading": "Special fund; defaults; attorney general participation",
  "text": "There is hereby established in the state treasury a special fund to be designated and hereafter referred to as the Assessors' Reappraisal and Reassessment Loan Guarantee Security Fund. The sum of six million dollars is allocated to this fund.\n\nThe state treasurer shall disburse to the Louisiana Tax Commission such funds as are appropriated by the legislature out of the Assessors' Reappraisal and Reassessment Loan Guarantee Security Fund to pay loans which the chairman of the Louisiana Tax Commission has certified have been defaulted and as to which the guarantee obligation of the state is due.\n\nThe attorney general of the state of Louisiana shall be notified of all defaulted loans which the state has guaranteed and paid due to default. He shall institute all necessary legal proceedings in order to insure repayment to the state of the defaulted loan. All funds collected by the attorney general from such proceedings shall be paid into the state general fund.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "47",
      "name": "REVENUE AND TAXATION"
    },
    {
      "level": "subtitle",
      "number": "III",
      "name": "PROVISIONS RELATING TO AD VALOREM TAXES"
    },
    {
      "level": "chapter",
      "number": "2",
      "name": "STATE SUPERVISION OF LEVY AND ASSESSMENT"
    },
    {
      "level": "part",
      "number": "IV",
      "name": "ASSESSORS GUARANTEED LOAN PROGRAM"
    }
  ],
  "breadcrumb": "Title 47 › Subtitle III › Chapter 2 › Part IV",
  "acts_citations": [
    {
      "act_year": 1977,
      "act_number": 571,
      "section": 1,
      "effective_date": "1977-07-15",
      "effective_date_raw": "July 15, 1977",
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Added by Acts 1977, No. 571, §1, eff. July 15, 1977; H.C.R. No. 88, 1993 R.S., eff. May 30, 1993; H.C.R. No. 1, 1994 R.S., eff. May 11, 1994.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=101376",
  "website_law_id": 101376,
  "scrape_timestamp": "2026-05-22T23:36:39Z",
  "source_html_hash": "sha256:8fa4b2524f308bc178b1649ef3be7accf52263fea9bf67b10e67ef9bb4b98c72",
  "schema_version": "1.0.0"
}