Louisiana Statutes
§ 40:599.25 — Liability; full faith and credit
Louisiana § 40:599.25
JurisdictionLouisiana
Title 40Public Health and Safety
This text of Louisiana § 40:599.25 (Liability; full faith and credit) 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. § 40:599.25 (2026).
Text
§599.25. Liability; full faith and credit A. A bond is not:
(1)A debt or liability of the state or a political subdivision of the state.
(2)A pledge of the full faith and credit of the state or a political subdivision of the
state.
B. Each bond shall state on its face that neither the state nor a political subdivision
of the state is obliged to pay the principal of or interest on the bond except from revenues
pledged to the payment of the bond.
C. The issuance of bonds does not directly, indirectly, or contingently obligate the
state or any political subdivision:
(1)To impose or pledge a tax to pay the bonds.
(2)To appropriate money to pay the bonds.
D. The provisions of this Section do not prohibit an authority from pledging its full
faith and credit in connection with the issuance of
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Legislative History
Acts 2025, No. 443, §1.
Nearby Sections
15
§ 40:599.1
Declaration of purpose§ 40:599.10
Internal administration§ 40:599.11
Immunity§ 40:599.12
Property rights§ 40:599.13
Inventory and classification§ 40:599.14
Outstanding tax liens§ 40:599.15
Money and proceeds§ 40:599.16
State and local taxes§ 40:599.17
Civil action§ 40:599.18
Public property§ 40:599.19
Local laws§ 40:599.2
Definitions§ 40:599.20
Report§ 40:599.21
Bonds§ 40:599.22
Trust agreementCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 40:599.25, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/40%3A599.25.