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La. Rev. Stat. § 39:1112

Maximum duration; interest

Louisiana · Louisiana Revised Statutes Title 39 — Public Finance · Status: effective

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La. Rev. Stat. § 39:1112, Maximum duration; interest, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2725224
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No bonds issued by any subdivision shall run for a longer period than ten years from the date thereof, or bear a greater rate of interest than six per cent per annum payable annually or semi-annually, or be sold for less than par.