Louisiana Statutes
§ 38:3085.7 — Bonds; investment; taxes
Louisiana § 38:3085.7
JurisdictionLouisiana
Title 38Public Contracts, Works and Improvements
This text of Louisiana § 38:3085.7 (Bonds; investment; taxes) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
La. Stat. Ann. § 38:3085.7 (2026).
Text
All bonds issued under the provisions of this Part shall constitute negotiable instruments within the meaning of the law of this state relating to commercial paper. Savings banks, insurance companies, homestead associations, trustees, and other fiduciaries may invest the funds in their hands in bonds of the district, and the bonds shall constitute legal investment for such funds. The district shall not be liable for money paid for beneficiaries, minors, wards, or interdicted persons to their trustees, tutors, or curators on account of such bonds. The bonds may be used for deposit with any officer, board, municipality, or other political subdivision of the state in any case in which deposits or security is required by law.
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Legislative History
Added by Acts 1975, No. 28, §1.
Nearby Sections
8
§ 38:3085.1
§ 38:3085.1§ 38:3085.3
Purposes§ 38:3085.4
Board of commissioners; powers; bonds§ 38:3085.6
Bonds; contest of legality§ 38:3085.7
Bonds; investment; taxes§ 38:3085.8
TaxesCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 38:3085.7, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/38%3A3085.7.