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Essential governmental purpose

La. R.S. 40:480
in effect
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40:480. Essential governmental purpose All bonds, notes, certificates, and other instruments evidencing indebtedness or conveying equity participations issued by a local housing authority or any subsidiary thereof are deemed to be issued for an essential governmental purpose. Acts 1997, No. 1188, §1.
Source: Louisiana State Legislature (legis.la.gov)URL: https://legis.la.gov/legis/Law.aspx?d=98528Fetched: 10/20/2026

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La. R.S. 40:480 — Essential governmental purpose | Louisiana Revised Statutes, Codes and Constitution (through the 2025 First Extraordinary Session) | Corpus