2011 Louisiana Laws
Revised Statutes
TITLE 39 — Public finance
RS 39:1809 — Federal or state grant money; payment of grant anticipatory notes


LA Rev Stat § 39:1809 What's This?

§1809. Federal or state grant money; payment of grant anticipatory notes

Grant or loan funds from the state or federal government for any construction and improvement for which the public entity is authorized to expend moneys shall be pledged for the payment of the grant anticipation note or notes and the interest thereon. The note or notes and the interest thereon shall be a first lien upon and charge against the grant or loan funds.

Added by Acts 1980, No. 257, §1, eff. July 12, 1980.

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