Louisiana Statutes
§ 39:1443 — Effect of defeasance
Louisiana·Title 39 Procurement and Contract
Securities of the public entity which have been defeased as provided in R.S. 39:1442 shall no longer be considered as outstanding in computing any constitutional or statutory debt limitation with respect to the issuance of securities by such entity, and the public entity shall be released from the covenants, agreements, and obligations contained in the instrument authorizing such securities.
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Legislative History
Added by Acts 1978, No. 381, §1, eff. July 12, 1978.
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Repealed by Acts 1976, No. 279, §2§ 39:1403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