Louisiana Statutes
§ 47:1874 — Maximum loan; maximum aggregate amount; interest; terms
Louisiana·Title 47 Revenue and Taxation
A.Each loan guarantee shall be limited to the maximum established in Subsection B for each parish or district. The total amount of all outstanding loans shall not at any time exceed six million dollars. The interest rate shall not exceed seven percent per annum. The term of each loan shall not exceed a maximum of four years.
B.Each assessor in the state is authorized to borrow an amount to defray the costs of reappraisal and reassessment as required by Article VII, Part II of the constitution, not to exceed the following:
PARISH/DISTRICT
AMOUNT
Acadia
$ 82,380
Allen
32,772
Ascension
64,644
Assumption
31,440
Avoyelles
61,020
Beauregard
40,536
Bienville
26,760
Bossier
106,692
Caddo
379,116
Calcasieu
241,212
Caldwell
16,776
Cameron
14,148
Catahoula
18,192
Claiborne
26,928
Concordia
34,824
D
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Legislative History
Added by Acts 1977, No. 571, §1, eff. July 15, 1977; H.C.R. No. 88, 1993 R.S., eff. May 30, 1993; H.C.R. No. 1, 1994 R.S., eff. May 11, 1994.
Nearby Sections
15
§ 47:1801
§ 47:1801§ 47:182
Net income of estate or trust§ 47:1831
§ 47:1831§ 47:1833
Members; oath; bond; qualifications§ 47:1834
Domicile and transaction of business§ 47:1836
Studies and reports§ 47:1837
Duties and responsibilities§ 47:1838
Fees§ 47:184
Different taxable years§ 47:185
Employees trusts