La. Rev. Stat. § 33:4160.30
Sale and delivery of certificates; use of proceeds
Louisiana · Louisiana Revised Statutes Title 33 — Municipalities and Parishes · Status: effective
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- Citation
- La. Rev. Stat. § 33:4160.30, Sale and delivery of certificates; use of proceeds, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2716800
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ys:prov:2716800@1- SHA-256
e9a94cd4f531462f540d0e5ccbea18405b8f8498c2aaad109c8dcf36a86d2017
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Full text
The certificates may be sold by negotiated sale or may be advertised for sale on sealed bids as provided by law. The governing authority may reject any and all bids received as a result of the advertisement, or the city may contract to deliver the certificates to the contractor as hereinafter provided at a price not less than the best bid received at the advertised sale. The governing authority may, by resolution, authorize the mayor to negotiate and deliver the certificates, to collect the purchase price therefor, and to do any and all things necessary and incidental thereto, or may authorize the delivery to the contractor of all or any of the certificates in payment of their contractual obligation covering the improvements. The funds derived from the sale of the certificates shall be expended solely in payment of the costs of the improvements, and shall not be drawn upon for any other purpose.