2014 Louisiana Laws
Revised Statutes
TITLE 39 - Public Finance
RS 39:741 - Borrowing by municipalities and parishes or in anticipation of special tax collections
PART V. BORROWING IN ANTICIPATION OF
TAX COLLECTIONS
§741. Borrowing by municipalities and parishes or in anticipation of special tax collections
Municipalities and parishes, the city of New Orleans and the parish of Orleans excepted, may anticipate the revenues to be realized from special taxes voted pursuant to Part IV of this Chapter; provided that municipalities and parishes may not anticipate such revenues for a period of more than five years.
Municipalities and parishes may also borrow money in behalf of the municipalities and parishes for which the special tax was voted, to be used only for the purpose for which the tax was voted, and they may issue certificates of indebtedness covering the loan.
Amended by Acts 1961, No. 52, §1.
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