2011 Louisiana Laws
Revised Statutes
TITLE 39 — Public finance
RS 39:615.1 — Annual maturities of refunding bonds

LA Rev Stat § 39:615.1 What's This?

§615.1. Annual maturities of refunding bonds

The maturities of such refunding bonds shall be so fixed that the annual payments thereof, in principal and interest, shall be of an amount less than the amount required for the annual payment of principal and interest of the bonds or indebtedness refunded.

Added by Acts 1975, No. 163, §1.

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