Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Bonds, certificates, or other evidences of indebtedness issued by the authority and/or any subdistrict of the authority under this Chapter are deemed to be securities of public entities within the meaning of Chapters 13 and 13-A, and shall be subject to defeasance in accordance with the provisions of Chapter 14 of Title 39 of the Louisiana Revised Statutes of 1950, and may be refunded in accordance with the provisions of Chapters 14-A and 15 of Title 39 of the Louisiana Revised Statutes of 1950, and may also issue short revenue notes as a public entity under Chapter 15-A of Title 39 of the Louisiana Revised Statutes of 1950.

Acts 1986, No. 19, §1, eff. June 5, 1986.