GroundRules
RS 17:2155: Limitations on annual principal and interest requirements
Where this section sits in the code
- 3046.5 Terminated July 9, 1998. See Acts 1992, No. 938, §1, and Acts 1995, No. 1296, §1.
The annual principal and interest requirements of any loan authorized in this Sub-part shall not exceed the amount that the taxes dedicated to the payment thereof might reasonably be expected to yield, nor shall the total principal amount thereof exceed the total amount that might reasonably be expected from the said tax during the time the bonds are outstanding.
Collected 2026-09-14T04:53:16Z. Source file · JSON