{"data":{"id":"us-la/rs-47-1874","jurisdiction":"us-la","citation":"RS 47:1874","heading":"Maximum loan; maximum aggregate amount; interest; terms","body":"A. Each loan guarantee shall be limited to the maximum established in Subsection B for each parish or district. The total amount of all outstanding loans shall not at any time exceed six million dollars. The interest rate shall not exceed seven percent per annum. The term of each loan shall not exceed a maximum of four years.\nB. Each assessor in the state is authorized to borrow an amount to defray the costs of reappraisal and reassessment as required by Article VII, Part II of the constitution, not to exceed the following:\nPARISH/DISTRICT\nAMOUNT\nAcadia\n$ 82,380\nAllen\n32,772\nAscension\n64,644\nAssumption\n31,440\nAvoyelles\n61,020\nBeauregard\n40,536\nBienville\n26,760\nBossier\n106,692\nCaddo\n379,116\nCalcasieu\n241,212\nCaldwell\n16,776\nCameron\n14,148\nCatahoula\n18,192\nClaiborne\n26,928\nConcordia\n34,824\nDeSoto\n36,744\nEast Baton Rouge\n501,623\nEast Carroll\n18,384\nEast Feliciana\n25,056\nEvangeline\n51,216\nFranklin\n37,368\nGrant\n24,156\nIberia\n95,028\nIberville\n46,296\nJackson\n26,760\nJefferson\n621,575\nJefferson Davis\n46,632\nLafayette\n191,892\nLafourche\n115,368\nLaSalle\n24,360\nLincoln\n55,140\nLivingston\n68,052\nMadison\n22,332\nMorehouse\n51,420\nNatchitoches\n55,704\n1st District, Orleans\n126,686\n2nd District, Orleans\n126,686\n3rd District, Orleans\n126,686\n4th District, Orleans\n126,686\n5th District, Orleans\n126,686\n6th District, Orleans\n126,686\n7th District, Orleans\n126,686\nOuachita\n205,548\nPlaquemines\n38,364\nPointe Coupee\n34,044\nRapides\n189,612\nRed River\n15,072\nRichland\n33,912\nSabine\n32,784\nSt. Bernard\n96,828\nSt. Charles\n50,916\nSt. Helena\n15,156\nSt. James\n30,684\nSt. John the Baptist\n38,496\nSt. Landry\n124,644\nSt. Martin\n54,996\nSt. Mary\n89,568\nSt. Tammany\n120,900\nTangipahoa\n110,844\nTensas\n13,512\nTerrebonne\n126,132\nUnion\n32,412\nVermilion\n70,068\nVernon\n73,584\nWashington\n68,940\nWebster\n66,036\nWest Baton Rouge\n27,708\nWest Carroll\n20,772\nWest Feliciana\n12,720\nWinn\n26,400\nTOTAL\n$6,000,000","path":["TITLE 47. REVENUE AND TAXATION"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=101374","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T05:02:39Z","sha256":"58224c3decbd652cb7da4def269aeb66308787c37c1b659b095e04ce24c8ddd4","source_id":"us-la","stale":false,"prev":"us-la/rs-47-1873","next":"us-la/rs-47-1875"},"notice":"GroundRules: Original legal text. Not legal advice."}