La. Stat. tit. 39 § 1425
Current with operative changes from the 2024 Third Special Legislative Session
Any bonds heretofore authorized at an election at which the proposition approved by the electors specified a maximum interest rate higher than the maximum interest rate permitted by laws in effect at the time of said election may be issued at a maximum rate of interest not exceeding the rate set forth in said proposition subject to the approval of the State Bond Commission.
La. R.S. § 39:1425