Louisiana Statutes
§ 39:1425 — Maximum interest rates for securities previously authorized at an election
Louisiana·Title 39 Procurement and Contract
Any bonds heretofore authorized at an election at which the proposition approved by the electors specified a maximum interest rate higher than the maximum interest rate permitted by laws in effect at the time of said election may be issued at a maximum rate of interest not exceeding the rate set forth in said proposition subject to the approval of the State Bond Commission.
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Legislative History
Acts 1975, 1st.Ex.Sess., No. 19, §5, eff. Jan. 28, 1975.
Nearby Sections
15
§ 39:14
Exceptions§ 39:1401
§ 39:1401§ 39:1402
General obligation bonds§ 39:1402.1
Repealed by Acts 1976, No. 279, §2§ 39:1403
All other state bonds§ 39:1404
Duties of state treasurer§ 39:1404.1
Designation and duties of secretary§ 39:1405
General debt policy and procedures§ 39:1405.4
Costs of issuance and reporting requirements§ 39:1406
Applicability of Chapter