There is a newer version of the Louisiana Laws
2014 Louisiana Laws
Revised Statutes
TITLE 39 - Public Finance
RS 39:1127 - Application of proceeds
LA Rev Stat § 39:1127 What's This?
§1127. Application of proceeds
The proceeds of the sale of bonds issued under the provisions of this Chapter shall constitute a trust fund to be used exclusively for the purpose for which the bonds are authorized to be issued, but the purchaser of the bonds shall not be obligated to see to the application thereof.
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