§ 40:599.30 — Bond anticipation notes

Louisiana § 40:599.30

• Jurisdiction: Louisiana
• Title 40: Public Health and Safety

Text

§599.30. Bond anticipation notes
A. An authority may issue negotiable bond anticipation notes in anticipation of the
sale of bonds for any corporate purpose.
B. Bond anticipation notes issued under this Section shall be issued in the same
manner as bonds.
C. Bond anticipation notes issued under this Section and the resolution authorizing
them may contain any provision, condition, or limitation that may be included in a trust
agreement.
D. An authority may issue bond anticipation notes to pay any other anticipation notes.
E. Bond anticipation notes shall be paid from:
(1) Money available and not otherwise pledged.
(2) Revenues of the authority.
(3) The proceeds of the sale of the bonds in anticipation of which the notes were
issued.

Legislative History

Acts 2025, No. 443, §1.