Louisiana Statutes
§ 39:1448 — Additional security
Louisiana·Title 39 Procurement and Contract
Refunding bonds issued under this Chapter may be secured additionally by credit enhancement devices, the cost of which, upon a finding of benefit therefrom by the governing body of the issuer, may be paid from the proceeds of the refunding bonds or other lawfully available funds. The refunding bonds may also be secured by a trust agreement or trust indenture by and between the issuer and one or more corporate trustees.
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Legislative History
Acts 1984, No. 352, §1, eff. July 2, 1984.
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Repealed by Acts 1976, No. 279, §2§ 39:1403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