Louisiana § RS 39:1040 - Credit enhancement devices
Full text of Louisiana Louisiana Civil Code § RS 39:1040 — Credit enhancement devices, with citation guidance and answers to common questions.
§ RS 39:1040. Credit enhancement devices
The City and public entities may, in connection with the sale of bonds, use municipal bond insurance, bank guarantees, surety bonds, letters of credit, and other devices to enhance the credit quality of the bonds, the cost of which credit enhancement devices may be paid from the proceeds of the bonds or other lawfully available funds.
Acts 1985, No. 674, §10, eff. July 16, 1985.
{{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 39:1040
What does Louisiana Civil Code § RS 39:1040 cover?
Section RS 39:1040 ("Credit enhancement devices") 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 39:1040?
A common citation format is "Louisiana Civil Code § RS 39:1040" (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 39:1040 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.