2014 Louisiana Laws
Revised Statutes
TITLE 39 - Public Finance
RS 39:833 - Fund to be kept in separate account

LA Rev Stat § 39:833 What's This?

§833. Fund to be kept in separate account

All moneys set aside into the fund created under the provisions of R.S. 39:832 to provide for the payment of the principal and interest on bonds, notes or certificates of indebtedness, shall be kept in a separate account which shall not be drawn out of the treasury of the governing authority, for any purpose whatever, except for the purpose of paying the principal and interest on bonds or other obligations issued hereunder.

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