Louisiana Revised Statutes 39:1410.49 – Investment of proceeds; income therefrom
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Terms Used In Louisiana Revised Statutes 39:1410.49
- Fund: means the state general fund. See Louisiana Revised Statutes 39:1410.42
The state treasurer is authorized to invest and reinvest the proceeds of the notes in any securities which are legal investments for the state general fund. The income from any such investment shall be credited to the state general fund and shall be retained therein for application for any purpose for which said fund is created or used to pay debt service on the notes.
Acts 1991, No. 827, §1.