La. Rev. Stat. § 33:7706
Assumption of rights and responsibilities of districts consolidated
Louisiana · Louisiana Revised Statutes Title 33 — Municipalities and Parishes · Status: effective
Cite this
- Citation
- La. Rev. Stat. § 33:7706, Assumption of rights and responsibilities of districts consolidated, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2717699
- Permanent ID
ys:prov:2717699@1- SHA-256
178123a6f06cb9bac99dcb2130077b434a293b675d586167c8218de8aaaae805
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
At the expiration of the thirty-day period provided for in R.S. 33:7705, existing districts of the same type included in any such consolidated district shall no longer have the right to issue bonds or other obligations, and all books and records and assets thereof shall be transferred to the consolidated district. The governing authority of the consolidated district shall cause taxes to continue to be levied for the payment of the outstanding indebtedness of each underlying district of the same type which has not been assumed by the consolidated district, as hereinafter provided, in all respects as would have been required had such consolidation not been effected. In addition, if such indebtedness of any underlying district consists of revenue bonds or special assessment certificates payable from service charges or assessments, the governing authority of the consolidated district shall continue to impose and collect such service charges or assessments, as well as any special taxes previously authorized and legally dedicated by covenant with bondholders to the payment of maintenance or operation expenses.