Louisiana § RS 33:4710.18 - Obligations of the authority solely
Full text of Louisiana Louisiana Civil Code § RS 33:4710.18 — Obligations of the authority solely, with citation guidance and answers to common questions.
§ RS 33:4710.18. Obligations of the authority solely
Bonds issued by the authority are negotiable instruments and are solely the obligations of the authority and not of the state of Louisiana or any other agency or political subdivision thereof. The full faith and credit of the state of Louisiana or of any other state agency shall not secure nor shall the full faith and credit of the state at any time in the future be pledged to secure the payment of any indebtedness incurred by the authority. The bonds issued by the authority do not constitute an indebtedness, general or special, or a liability of the state or any other political subdivision thereof. The issuance of the bonds does not directly or indirectly obligate the state or any other political subdivision thereof to provide any funds for the payment of such bonds. The bonds shall not be considered a debt of the state or any other political subdivision thereof within the meaning of the constitution or the statutes of the state and shall not constitute a charge against the credit or taxing power of the state or any other political subdivision thereof. Neither the state nor any other political subdivision thereof shall in any manner be liable for the payment of the principal, interest on premiums, sinking or reserve fund requirements or other requirements of the bonds, or for the performance of any agreement or pledge of any kind which may be undertaken by the authority. No breach by the authority of any pledge or agreement shall create any obligation upon the state or any other political subdivision, including any charge against its credit or taxing power.
Acts 2019, No. 172, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 33:4710.18
What does Louisiana Civil Code § RS 33:4710.18 cover?
Section RS 33:4710.18 ("Obligations of the authority solely") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 33:4710.18?
A common citation format is "Louisiana Civil Code § RS 33:4710.18" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 33:4710.18 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.