2014 Louisiana Laws
Revised Statutes
TITLE 39 - Public Finance
RS 39:1410.49 - Investment of proceeds; income therefrom
§1410.49. Investment of proceeds; income therefrom
The state treasurer is authorized to invest and reinvest the proceeds of the notes in any securities which are legal investments for the state general fund. The income from any such investment shall be credited to the state general fund and shall be retained therein for application for any purpose for which said fund is created or used to pay debt service on the notes.
Acts 1991, No. 827, §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.
