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Current as of January 01, 2023 | Updated by FindLaw Staff
This Subpart and all other statutes authorizing any levee district or levee and drainage district in the state to levy and collect taxes and local contributions or to issue bonds shall not be repealed or modified to the detriment of the bonds authorized by this Subpart. This obligation not to so repeal or modify the statutes is hereby declared to be binding upon the state and to be a part of the contract of the bonds.
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 38, § 480. Binding obligation of state - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-38-sect-480/
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