Louisiana Statutes

§ 39:1040 — Credit enhancement devices

Louisiana § 39:1040
JurisdictionLouisiana
Title 39Procurement and Contract

This text of Louisiana § 39:1040 (Credit enhancement devices) 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. § 39:1040 (2026).

Text

The City and public entities may, in connection with the sale of bonds, use municipal bond insurance, bank guarantees, surety bonds, letters of credit, and other devices to enhance the credit quality of the bonds, the cost of which credit enhancement devices may be paid from the proceeds of the bonds or other lawfully available funds. {{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}

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Legislative History

Acts 1985, No. 674, §10, eff. July 16, 1985.

Nearby Sections

15
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Bluebook (online)
Louisiana § 39:1040, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/39%3A1040.