yourstate.us
Home / Louisiana / Public Finance
La. Rev. Stat. § 39:1177

Sale of certificates, par; interest

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

Get this as JSONEmbed this
Cite this
Citation
La. Rev. Stat. § 39:1177, Sale of certificates, par; interest, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2725248
Permanent ID
ys:prov:2725248@1
SHA-256
279d3ba37b04e1bb0f685c15aedf8a1ef06f6cee65b6367fafad8f4b4bd55f48

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

The certificates of indebtedness may be sold at either private or public sale within the discretion of the issuing bodies but no certificate shall be sold for less than par plus accrued interest to the date of delivery, and no certificate shall bear a greater rate of interest than six per cent per annum, payable semi-annually, or annually within the discretion of the issuing body, or run for a longer period than twenty-five years from its date.