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2018 Louisiana Laws
Revised Statutes
TITLE 39 - Public Finance
RS 39:746 - Borrowing limited to estimated income
Universal Citation: LA Rev Stat § 39:746 (2018)
NOTE: §746 eff. until July 1, 2021. See Acts 2018, No. 569.
§746. Borrowing limited to estimated income
The amount so borrowed by any parish or municipality shall in no case exceed the estimated income of the parish or municipality as shown by the budget adopted prior to such time, and the tax income collected as shown by the budget shall be dedicated and set aside to the payment of the certificates of indebtedness as they mature.
NOTE: §746 as repealed by Acts 2018, No. 569, eff. July 1, 2021.
§746. Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
Acts 2018, No. 569, §2, eff. July 1, 2021.
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