2015 Louisiana Laws
Revised Statutes
TITLE 39 - Public Finance
RS 39:742.1 - Borrowing limitations; waiver; authorization
§742.1. Borrowing limitations; waiver; authorization
Notwithstanding the provisions of R.S. 39:741 and 742, the Rogers-Nebo Fire District is authorized to obligate anticipated tax revenues in excess of five years, not to exceed fifteen years, and borrow in excess of seventy-five percent of their estimated tax income, for the express purpose of financing fire-fighting equipment and construction of ancillary permanent structures.
Acts 1987, No. 306, §1, eff. July 5, 1987.
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