2011 Louisiana Laws
Revised Statutes
TITLE 40 — Public health and safety
RS 40:600.13 — Purchase of bonds by agency
§600.13. Purchase of bonds by agency
NOTE: Repealed by Acts 2011, No. 408, §3, eff. midnight, June 30, 2012.
Subject to the rights of holders of bonds, the agency shall have the power out of any funds available therefor, to purchase bonds of the agency, which shall thereupon be cancelled, at a price not exceeding:
(1) If the bonds are then subject to optional redemption, the optional redemption price then applicable plus accrued interest to the next interest payment date thereon; or
(2) If the bonds are not then subject to optional redemption, the optional redemption price applicable on the first date after such purchase upon which the notes or bonds become subject to optional redemption plus accrued interest to such date.
Added by Acts 1980, No. 707, §1, eff. July 24, 1980; Acts 2011, No. 408, §3, eff. midnight, June 30, 2012.
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