2011 Louisiana Laws
Revised Statutes
TITLE 39 — Public finance
RS 39:1112 — Maximum duration; interest

LA Rev Stat § 39:1112 What's This?

§1112. Maximum duration; interest

No bonds issued by any subdivision shall run for a longer period than ten years from the date thereof, or bear a greater rate of interest than six per cent per annum payable annually or semi-annually, or be sold for less than par.

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