Louisiana § 39:511 Exemption from taxation; legal investments

Louisiana Statutes

§ 39:511 — Exemption from taxation; legal investments

Louisiana § 39:511

Title 39Procurement and Contract

This text of Louisiana § 39:511 (Exemption from taxation; legal investments) 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. § 39:511 (2026).

Text

§511. Exemption from taxation; legal investments

A.All bonds issued under this Part and the interest or other income thereon or with respect thereto shall be exempt from all income tax and other taxation in Louisiana.

B.All bonds issued under this Part shall be legal and authorized investments for banks, savings banks, insurance companies, homestead and building loan associations, trustees, and other fiduciaries and may be used for deposit with any officer, board, or political subdivision, in any case where, by present or future laws, deposit or security is required.

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§511. Exemption from taxation; legal investments
A. All bonds issued under this Part and the interest or other income thereon or with
respect thereto shall be exempt from all income tax and other taxation in Louisiana.
B. All bonds issued under this Part shall be legal and authorized investments for
banks, savings banks, insurance companies, homestead and building loan associations,
trustees, and other fiduciaries and may be used for deposit with any officer, board, or
political subdivision, in any case where, by present or future laws, deposit or security is
required.