There is a newer version of the Louisiana Laws
2006 Louisiana Laws - RS 41:842 — Investment in levee bonds
§842. Investment in levee bonds
In addition to the investments now authorized by law, the State Auditor and State Treasurer, with the approval of the governor, may invest in levee bonds of this state yielding not less than four per cent per annum interest net, the proceeds of the sale of sixteenth section school lands now on hand, or that may accumulate, in the state treasury.
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