La. Rev. Stat. § 17:2159
Provision for payment of bonds to be adequate
Louisiana · Louisiana Revised Statutes Title 17 — Education · Status: effective
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- Citation
- La. Rev. Stat. § 17:2159, Provision for payment of bonds to be adequate, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2700734
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Full text
The income or revenues pledged to the payment of bonds or other obligations issued under this Sub-part, shall be so budgeted and pledged as to adequately provide for the payment of the principal of, and interest on, such bonds or other obligations, as the same respectively become due, or prior thereto, in accordance with the terms and provisions of any contract or agreement made by the Louisiana State Board of Education and the purchasers of the bonds.