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2014 Louisiana Laws
Revised Statutes
TITLE 39 - Public Finance
RS 39:693 - Maturities and interest rate
LA Rev Stat § 39:693 What's This?
§693. Maturities and interest rate
Refunding bonds issued hereunder shall have maturities not exceeding forty years; however, the maturities shall be so fixed as to effect a consequent reduction in the annual rate of taxes or annual forced contributions required or annual revenues pledged and the interest rate shall be the same or lower than the interest rate of the bonds refunded.
Added by Acts 1975, No. 153, §1.
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