2011 Louisiana Laws
Revised Statutes
TITLE 39 — Public finance
RS 39:1811 — Amount of grant anticipatory note; limitation
§1811. Amount of grant anticipatory note; limitation
No grant anticipation note or notes shall be issued by a public entity pursuant to this Chapter in an amount which, when added to the amount of any other such type note or notes outstanding at the time and issued in anticipation of the same grant or loan, shall exceed ninety-five percent of the grant or loan funds committed and appropriated to the public entity by the granting or loaning authorities and payable within a thirty-six month period from the date of issuance of such note or notes then being issued.
Added by Acts 1980, No. 257, §1, eff. July 12, 1980.
Disclaimer: These codes may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
