Louisiana Revised Statutes 39:1798.12 – Bonds and certificates; freedom from taxation
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Terms Used In Louisiana Revised Statutes 39:1798.12
- Bonds: means bonds, notes, or any other evidence of indebtedness issued by the corporation. See Louisiana Revised Statutes 39:1798
- Certificates: means certificates of participation executed and delivered by a trustee evidencing ownership interests in any lease entered into by the state, as lessee, and the corporation, as lessor. See Louisiana Revised Statutes 39:1798
- State: means the state of Louisiana or any agency or instrumentality thereof. See Louisiana Revised Statutes 39:1798
Any bonds and certificates, their transfer, and the income therefrom shall at all times be free from taxation of every kind by the state of Louisiana and by all political subdivisions in the state of Louisiana.
Acts 1989, No. 805, §1, eff. July 8, 1989.