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La. Rev. Stat. § 38:2319.3

Equipment-lease-purchase contracts with nonprofit lessors authorized; term

Louisiana · Louisiana Revised Statutes Title 38 — Public Contracts, Works and Improvements · Status: effective

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La. Rev. Stat. § 38:2319.3, Equipment-lease-purchase contracts with nonprofit lessors authorized; term, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2723696
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Local governmental entities may enter into equipment-lease-purchase contracts directly with nonprofit lessors, as provided in this Part, for a term not to exceed ten years or the reasonably expected economic life of the equipment, whichever is less, notwithstanding any other law to the contrary. Acts 1985, No. 758, §1, eff. July 17, 1985. {{NOTE: SEE ACTS 1985, NO. 758, §§5 AND 6.}}