RS 33:4332
Bonds issued under this Sub-part must stay within the refunded bond amount, mature in annual installments within the stated time limits, bear no more than the original issue’s interest rate, and be sold only at par plus accrued interest. Their proceeds may be used only to retire the outstanding original bond issue.
- Jurisdiction
- United States — Louisiana
- Instrument
- Act or statute
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- Undated source snapshot
- Language
- en
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bonds interest rate refunding use of proceeds
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RS 33:4332
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