2011 Louisiana Laws
Revised Statutes
TITLE 39 — Public finance
RS 39:823 — Constitutional limitations; exceptions
§823. Constitutional limitations; exceptions
No debt shall be incurred and no bonds shall be issued in excess of the limitations now or hereafter prescribed by the constitution and laws of this state, except in any case where the President or any other designated authority of the United States, in his or its discretion, and under such terms as he or it may prescribe, may extend any of the benefits of any act of congress to any political subdivision.
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