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2021 Louisiana Laws
Revised Statutes
Title 47 - Revenue and Taxation
§1874. Maximum loan; maximum aggregate amount; interest; terms
Universal Citation: LA Rev Stat § 47:1874 (2021)
RS 1874 - Maximum loan; maximum aggregate amount; interest; terms
A. Each loan guarantee shall be limited to the maximum established in Subsection B for each parish or district. The total amount of all outstanding loans shall not at any time exceed six million dollars. The interest rate shall not exceed seven percent per annum. The term of each loan shall not exceed a maximum of four years.
B. Each assessor in the state is authorized to borrow an amount to defray the costs of reappraisal and reassessment as required by Article VII, Part II of the constitution, not to exceed the following:
| PARISH/DISTRICT | AMOUNT |
| Acadia | $ 82,380 |
| Allen | 32,772 |
| Ascension | 64,644 |
| Assumption | 31,440 |
| Avoyelles | 61,020 |
| Beauregard | 40,536 |
| Bienville | 26,760 |
| Bossier | 106,692 |
| Caddo | 379,116 |
| Calcasieu | 241,212 |
| Caldwell | 16,776 |
| Cameron | 14,148 |
| Catahoula | 18,192 |
| Claiborne | 26,928 |
| Concordia | 34,824 |
| DeSoto | 36,744 |
| East Baton Rouge | 501,623 |
| East Carroll | 18,384 |
| East Feliciana | 25,056 |
| Evangeline | 51,216 |
| Franklin | 37,368 |
| Grant | 24,156 |
| Iberia | 95,028 |
| Iberville | 46,296 |
| Jackson | 26,760 |
| Jefferson | 621,575 |
| Jefferson Davis | 46,632 |
| Lafayette | 191,892 |
| Lafourche | 115,368 |
| LaSalle | 24,360 |
| Lincoln | 55,140 |
| Livingston | 68,052 |
| Madison | 22,332 |
| Morehouse | 51,420 |
| Natchitoches | 55,704 |
| 1st District, Orleans | 126,686 |
| 2nd District, Orleans | 126,686 |
| 3rd District, Orleans | 126,686 |
| 4th District, Orleans | 126,686 |
| 5th District, Orleans | 126,686 |
| 6th District, Orleans | 126,686 |
| 7th District, Orleans | 126,686 |
| Ouachita | 205,548 |
| Plaquemines | 38,364 |
| Pointe Coupee | 34,044 |
| Rapides | 189,612 |
| Red River | 15,072 |
| Richland | 33,912 |
| Sabine | 32,784 |
| St. Bernard | 96,828 |
| St. Charles | 50,916 |
| St. Helena | 15,156 |
| St. James | 30,684 |
| St. John the Baptist | 38,496 |
| St. Landry | 124,644 |
| St. Martin | 54,996 |
| St. Mary | 89,568 |
| St. Tammany | 120,900 |
| Tangipahoa | 110,844 |
| Tensas | 13,512 |
| Terrebonne | 126,132 |
| Union | 32,412 |
| Vermilion | 70,068 |
| Vernon | 73,584 |
| Washington | 68,940 |
| Webster | 66,036 |
| West Baton Rouge | 27,708 |
| West Carroll | 20,772 |
| West Feliciana | 12,720 |
| Winn | 26,400 |
| TOTAL | $6,000,000 |
Added by Acts 1977, No. 571, §1, eff. July 15, 1977; H.C.R. No. 88, 1993 R.S., eff. May 30, 1993; H.C.R. No. 1, 1994 R.S., eff. May 11, 1994.
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