Louisiana Revised Statutes 40:447 – Forgiveness or compromise of indebtedness
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Terms Used In Louisiana Revised Statutes 40:447
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
A local housing authority may forgive, compromise, or forbear from collecting or enforcing, wholly or partially, temporarily or permanently, any debt or obligation owed to the local housing authority.
Amended by Acts 1960, No. 278, §3; Acts 1997, No. 1188, §1.