2014 Louisiana Laws
Revised Statutes
TITLE 39 - Public Finance
RS 39:612 - Pledge and tax for refunding bonds
§612. Pledge and tax for refunding bonds
The payment of the principal and interest of refunding bonds may be secured by not more than two mills of the general alimony tax of the subdivision or by the levy of special taxes in excess of all other taxes sufficient to pay the interest annually or semi-annually and the principal falling due each year. Whenever any subdivision issuing bonds hereunder has outstanding bonds secured by the levy of special taxes, the refunding bonds shall likewise be secured by the levy of special taxes.
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