§ 45:1278 — Energy transition bonds

§1278. Energy transition bonds
Energy transition bonds shall not be a debt or a general obligation of the state or any
of its political subdivisions, agencies, or instrumentalities and shall not be a charge on their
full faith and credit. An issue of energy transition bonds shall not, directly, indirectly, or
contingently, obligate the state or any agency, political subdivision, or instrumentality of the
state to levy any tax or make any appropriation for payment of the bonds, other than for
paying energy transition charges in their capacity as consumers of electricity. All energy
transition bonds authorized by a financing order by the commission shall contain on the face
of a statement the following: "Neither the full faith and credit nor the taxing power of the
state of Louisiana is pledged to the payment of the principal of, or interest on, this bond".

Legislative History

Acts 2022, No. 255, §2, eff. June 3, 2022.