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La. Rev. Stat. § 39:1127

Application of proceeds

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

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La. Rev. Stat. § 39:1127, Application of proceeds, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2725239
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The proceeds of the sale of bonds issued under the provisions of this Chapter shall constitute a trust fund to be used exclusively for the purpose for which the bonds are authorized to be issued, but the purchaser of the bonds shall not be obligated to see to the application thereof.