For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Limit of indebtedness of School District No. Ward 1, of Allen Parish

La. R.S. 39:562.3
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
39:562.3. Limit of indebtedness of School District No. Ward 1, of Allen Parish Subject to having received a loan commitment from the United States of America, Department of Agriculture, Farmer Home Administration, School District No. Ward 1, of parish of Allen, state of Louisiana, may incur debt and issue bonds of said school district for the purposes set out in R.S. 39:554 which, including the existing bonded debt of said school district for such purposes, shall not exceed fifty percent of the total assessed valuation of all property of said school district, including both homestead exempt property and nonexempt property, to be ascertained by the last assessment for said school district previous to delivery of the bonds representing such debt, regardless of the date of the election at which said bonds shall have been voted. Added by Acts 1979, No. 85, §1.
Source: Louisiana State Legislature (legis.la.gov)URL: https://legis.la.gov/legis/Law.aspx?d=96486Fetched: 10/20/2026

Starting a business in Louisiana? Louisiana LLC guide: costs and requirements