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Form a Business

Amount to be borrowed; payment of certificates of indebtedness

La. R.S. 48:632
in effect
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48:632. Amount to be borrowed; payment of certificates of indebtedness The amount so borrowed for and on behalf of the parish or district shall not exceed seventy-five per cent of the estimated income to be realized from the special tax previously voted in the parish or district. The special taxes collected and the income therefrom shall be dedicated and set aside to the payment of the certificates of indebtedness as they mature.
Source: Louisiana State Legislature (legis.la.gov)URL: https://legis.la.gov/legis/Law.aspx?d=103328Fetched: 10/20/2026

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