Louisiana Revised Statutes 39:1040 – Credit enhancement devices
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Terms Used In Louisiana Revised Statutes 39:1040
- Bonds: means and includes bonds, notes, certificates, or other written obligations for the repayment of borrowed money. See Louisiana Revised Statutes 39:1032
- City: means the city of New Orleans, Louisiana. See Louisiana Revised Statutes 39:1032
- Public entities: means the Board of Liquidation, City Debt, and all of the agencies, boards, authorities, and commissions of the City (except the Sewerage and Water Board) collectively. See Louisiana Revised Statutes 39:1032
The City and public entities may, in connection with the sale of bonds, use municipal bond insurance, bank guarantees, surety bonds, letters of credit, and other devices to enhance the credit quality of the bonds, the cost of which credit enhancement devices may be paid from the proceeds of the bonds or other lawfully available funds.
Acts 1985, No. 674, §10, eff. July 16, 1985.
{{NOTE: SEE ACTS 1985, NO. 674, §§14 – 17.}}