Louisiana Revised Statutes 39:510 – Any governmental entity that has issued bonds under this Part shall notify the State Bond Commission in writing when:
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Terms Used In Louisiana Revised Statutes 39:510
- bonds: means any bonds, notes, warrants, certificates of indebtedness, certificates of participation or other written contracts, agreements, or instruments evidencing the obligation of a governmental entity to repay borrowed money, regardless of the designation thereof. See Louisiana Revised Statutes 39:503
- Governmental entity: means any parish, municipality, school board, school district, or other political subdivision of the state, other than the city of New Orleans and its agencies, boards, authorities, and commissions, and other than the Sewerage and Water Board of New Orleans. See Louisiana Revised Statutes 39:503
- State: means the state of Louisiana. See Louisiana Revised Statutes 39:503
Any governmental entity that has issued bonds under this Part shall notify the State Bond Commission in writing when:
(1) Any required deposit to any debt service sinking fund in connection with such bonds has not been made within five business days of when due.
(2) The principal, interest, premium, or any other payment due on such bonds has not been made within five business days of when due.
Acts 2018, No. 569, §1, eff. July 1, 2018.