La. Rev. Stat. § 39:1762
Legislative findings and intent
Louisiana · Louisiana Revised Statutes Title 39 — Public Finance · Status: effective
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- Citation
- La. Rev. Stat. § 39:1762, Legislative findings and intent, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2725682
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Full text
The intent of the legislature in enacting this Chapter is to provide a cost effective means of acquiring essential equipment for the operation of state government. Commercial leases or renting agreements as well as lump sum purchases of equipment have created a burden on the finances of the state, and it has been determined that, pursuant to this Chapter, essential equipment may be obtained using an equipment-lease-purchase contract in conjunction with tax-exempt financing and earnings on investments by nonprofit lessors resulting in lower net equipment costs to the state.
Acts 1985, No. 758, §2, eff. July 17, 1985.
{{NOTE: SEE ACTS 1985, NO. 758, §§3, 5 AND 6.}}