Louisiana Revised Statutes 33:4704 – Impairment of debt obligations prohibited
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 33:4704
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Notwithstanding anything contained herein or in any other law to the contrary, nothing in this Chapter shall be construed or applied in such a manner as to impair the obligation, validity, or security of any other bonds or other debt obligations authorized, issued, or incurred by the city of New Orleans, whether prior or subsequent to the effective date of this Chapter.
Added by Acts 1979, No. 741, §1, eff. July 20, 1979.