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Terms Used In Louisiana Revised Statutes 33:4156

  • 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.

The city of New Orleans is further relieved of its obligation to make annual appropriations for the purpose of maintaining and operating the drainage system of the city of New Orleans and shall not be required to provide funds for maintaining and operating said drainage system.

Added by Acts 1981, No. 247, §1, eff. July 1, 1981.