La. Stat. tit. 38 § 2319.3

Current with operative changes from the 2024 Third Special Legislative Session

Section 38:2319.3 - Equipment-lease-purchase contracts with nonprofit lessors authorized; term

Local governmental entities may enter into equipment-lease-purchase contracts directly with nonprofit lessors, as provided in this Part, for a term not to exceed ten years or the reasonably expected economic life of the equipment, whichever is less, notwithstanding any other law to the contrary.

La. R.S. § 38:2319.3

Acts 1985, No. 758, §1, eff. July 17, 1985.

Acts 1985, No. 758, §1, eff. 7/17/1985.

SEE ACTS 1985, NO. 758, §§5 AND 6.