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Current as of January 01, 2023 | Updated by FindLaw Staff
Notwithstanding any other law to the contrary, no port commission and no port, harbor, or terminal district shall issue bonds or other evidences of indebtedness, hereinafter referred to as “bonds”, which are secured by the full faith and credit of the state; provided, however, that any port commission or port, harbor, or terminal district may, if authorized by other law, issue bonds secured by the full faith and credit of the state to refund bonds previously issued which are secured by the full faith and credit of the state.
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 39, § 1364.1. Issuance of bonds secured by the full faith and credit of state by certain political subdivisions prohibited in certain situations - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-39-sect-1364-1/
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