Louisiana Statutes

§ 39:1448 — Additional security

Louisiana § 39:1448
JurisdictionLouisiana
Title 39Procurement and Contract

This text of Louisiana § 39:1448 (Additional security) 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. § 39:1448 (2026).

Text

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
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Bluebook (online)
Louisiana § 39:1448, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/39%3A1448.