2011 Louisiana Laws
Revised Statutes
TITLE 39 — Public finance
RS 39:693 — Maturities and interest rate

LA Rev Stat § 39:693 What's This?

§693. Maturities and interest rate

Refunding bonds issued hereunder shall have maturities not exceeding forty years; however, the maturities shall be so fixed as to effect a consequent reduction in the annual rate of taxes or annual forced contributions required or annual revenues pledged and the interest rate shall be the same or lower than the interest rate of the bonds refunded.

Added by Acts 1975, No. 153, §1.

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.