There is a newer version of the Louisiana Laws
2014 Louisiana Laws
Revised Statutes
TITLE 39 - Public Finance
RS 39:745 - Borrowing by parishes and municipalities in anticipation of regular revenues
LA Rev Stat § 39:745 What's This?
§745. Borrowing by parishes and municipalities in anticipation of regular revenues
Parishes and municipalities, the parish of Orleans and the city of New Orleans excepted, in order to pay their current expenses for any year, may anticipate the revenues for such year and they may borrow money to pay such expense and issue negotiable certificates of indebtedness to cover the loan.
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