Louisiana Statutes
§ 39:1127 — Application of proceeds
Louisiana·Title 39 Procurement and Contract
The proceeds of the sale of bonds issued under the provisions of this Chapter shall constitute a trust fund to be used exclusively for the purpose for which the bonds are authorized to be issued, but the purchaser of the bonds shall not be obligated to see to the application thereof.
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Nearby Sections
15
§ 39:11
§ 39:11§ 39:1101
§ 39:1101§ 39:1102
Governing authorities§ 39:1103
Parish purposes§ 39:1104
Municipal purposes§ 39:1105
Resolution and notice of intention§ 39:1109
Issuing bonds; resolution§ 39:111
Capital outlay budget submission§ 39:1112
Maximum duration; interest§ 39:1113
Form of bond; signing