La. Stat. tit. 38 § 433

Current with operative changes from the 2024 Third Special Legislative Session

Section 38:433 - Refunding of outstanding bonds

The refunding of the outstanding bonds of a levee district or levee and drainage district into the bonds authorized by this Subpart may be effected by a direct exchange of bonds or by a negotiation of the bonds authorized by this Subpart, and the application of the proceeds to the payment of redemption of the bonds now outstanding.

La. R.S. § 38:433

Acts 1985, No. 785, §1, eff. July 22, 1985.

Acts 1985, No. 785, §1, eff. 7/22/1985.

REGARDING R.S. 38:431-436, SEE ALSO R.S. 38:1117(A)(3) AS PER ACTS 1985, NO. 466, §2, WHICH MAY BE CONFLICTING.