Louisiana Revised Statutes 39:1453 – Use of proceeds of refunding bonds
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Terms Used In Louisiana Revised Statutes 39:1453
- Refunding bonds: means any securities issued to refund outstanding securities. See Louisiana Revised Statutes 39:1444
The proceeds of the sale of any refunding bonds shall be deposited, applied, and disbursed in accordance with the provisions of the resolution or ordinance authorizing the issuance of the refunding bonds.
Acts 1984, No. 352, §1, eff. July 2, 1984.