§ 17:68.6 — Payments to East Baton Rouge Parish Educational Facilities Improvement District

Louisiana § 17:68.6

• Jurisdiction: Louisiana
• Title 17: Credit Union Law

Text

NOTE: §68.6 eff. upon adoption of a const. amend. which authorizes the St. George
Community School System. See Acts 2025, No. 455.
§68.6. Payments to East Baton Rouge Parish Educational Facilities Improvement District
A. No later than June 1, 2027, the East Baton Rouge Parish Educational Facilities
Improvement District shall provide to the St. George Community School Board a schedule
of values for any construction completed within the boundaries of the St. George Community
School System with the proceeds of Qualified School Construction Bonds issued prior to the
effective date of this Act, an accounting of payments made and to be made through the
effective date of this Act, on the construction bonds, and a payment schedule showing the
unpaid principal and interest due for the construction projects.
B. Beginning on July 1, 2027, the St. George Community School System shall
reimburse East Baton Rouge Parish Educational Facilities Improvement District an amount
equal to the percentage of the debt service paid in the preceding fiscal year attributable to
the construction completed within the boundaries of the St. George Community School
District. The reimbursement shall be made to East Baton Rouge Parish Educational
Facilities Improvement District within thirty days of receipt by the St. George Community
School District of payment confirmation for the debt service attributable to construction
completed within the boundaries of the St. George Community School System.

Legislative History

Acts 2025, No. 455, §1, eff. See Act.