§ 40:2327 — Issuance of local bonds; state refunds

§2327. Issuance of local bonds; state refunds
In order to accelerate the completion of water quality control projects,
any political subdivision making application for a Federal Water Quality
Administration grant, may, with the approval of the state treasurer and the
Louisiana Department of Health, if state funds as set forth in R.S. 40:2324
through R.S. 40:2326 herein are not available for participation in the cost of
the project when application is made, obligate the political subdivision to
provide local funds to pay that portion of the cost of the project that is
anticipated to be borne by the state, and the state shall refund the amount
expended on its behalf by the political subdivision, from the first funds
available under the provisions of R.S. 40:2326 and this Section, and not later
than September 1, 1975.

Legislative History

Acts 1970, No. 171, §7, emerg. eff. June 29, 1970 at 7:00 P.M. Amended by Acts 1971, No. 146, §1; Acts 1972, No. 615, §1; Acts 1978, No. 786, §5, eff. July 17, 1978.