{"data":{"id":"us-la/rs-39-1762","jurisdiction":"us-la","citation":"RS 39:1762","heading":"Legislative findings and intent","body":"The intent of the legislature in enacting this Chapter is to provide a cost effective means of acquiring essential equipment for the operation of state government. Commercial leases or renting agreements as well as lump sum purchases of equipment have created a burden on the finances of the state, and it has been determined that, pursuant to this Chapter, essential equipment may be obtained using an equipment-lease-purchase contract in conjunction with tax-exempt financing and earnings on investments by nonprofit lessors resulting in lower net equipment costs to the state.","path":["TITLE 39. PUBLIC FINANCE"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=96166","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T05:00:15Z","sha256":"a9a71f3c61bcb9a4a4163196c7506da4f9a2e3ba3d3948794b9e8ceadecc14ed","source_id":"us-la","stale":false,"prev":"us-la/rs-39-1761","next":"us-la/rs-39-1763"},"notice":"GroundRules: Original legal text. Not legal advice."}