Louisiana § RS 39:1456 - General obligation bond debt limitations; advance refunding
Full text of Louisiana Louisiana Civil Code § RS 39:1456 — General obligation bond debt limitations; advance refunding, with citation guidance and answers to common questions.
§ RS 39:1456. General obligation bond debt limitations; advance refunding
The debt limitation for general obligation bonds issued by any political subdivision in order to advance refund its outstanding debt obligations is hereby established at an amount not greater than one hundred ten percent of the debt limitation otherwise established by law, provided that the term of the debt refunded shall not be extended and the principal and interest payments on the refunding bonds is less in each calendar year than the principal and interest in such calendar year on the outstanding debt being refunded.
Acts 1991, No. 178, §1, eff. July 2, 1991.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 39:1456
What does Louisiana Civil Code § RS 39:1456 cover?
Section RS 39:1456 ("General obligation bond debt limitations; advance refunding") 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 39:1456?
A common citation format is "Louisiana Civil Code § RS 39:1456" (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 39:1456 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.