La. Stat. tit. 38 § 459

Current with operative changes from the 2024 Third Special Legislative Session
Section 38:459 - Repeal or modification of statute to detriment of bonds

This Subpart and all other statutes authorizing levee districts and levee and drainage districts in the state to levy and collect taxes and local contributions or to issue bonds shall not be repealed or modified to the detriment of the bonds authorized by this Subpart, and it is hereby declared that this obligation not to repeal or modify these laws shall be binding upon the state and shall be and form a part of the contract evidenced by the bonds.

La. R.S. § 38:459

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