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2018 Louisiana Laws
Revised Statutes
TITLE 38 - Public Contracts, Works and Improvements
RS 38:2319.3 - Equipment-lease-purchase contracts with nonprofit lessors authorized; term
Universal Citation: LA Rev Stat § 38:2319.3 (2018)
§2319.3. Equipment-lease-purchase contracts with nonprofit lessors authorized; term
Local governmental entities may enter into equipment-lease-purchase contracts directly with nonprofit lessors, as provided in this Part, for a term not to exceed ten years or the reasonably expected economic life of the equipment, whichever is less, notwithstanding any other law to the contrary.
Acts 1985, No. 758, §1, eff. July 17, 1985.
{{NOTE: SEE ACTS 1985, NO. 758, §§5 AND 6.}}
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