Louisiana § RS 39:1461 - Definitions
Full text of Louisiana Louisiana Civil Code § RS 39:1461 — Definitions, with citation guidance and answers to common questions.
§ RS 39:1461. Definitions
As used in this Chapter, the following terms shall have the following meanings:
(1) "Outstanding bonds" means all or any one or more of the following bonds issued directly by the state or by any state board, agency, or commission which may be outstanding at any time:
(a) General obligation bonds which are secured by the full faith and credit of the state, which may or may not be payable from the Bond Security and Redemption Fund, including those bonds which are payable primarily from specified portions of specific taxes or other dedicated revenues.
(b) Bonds which are not secured by the full faith and credit of the state, but which are payable from dedicated portions of specific state taxes and may or may not be additionally payable from the Bond Security and Redemption Fund.
(2) "Refund" means the act of refunding, including readjusting, extending, and unifying outstanding bonds or issues of bonds.
(3) "Refunded bonds" means the bonds being refunded by the issuance of refunding bonds.
(4) "Government obligations" means direct obligations of or obligations the payment of the principal and interest of which is unconditionally guaranteed by the United States of America.
Added by Acts 1978, No. 382, §1, eff. July 12, 1978.
Frequently Asked Questions About Louisiana § RS 39:1461
What does Louisiana Civil Code § RS 39:1461 cover?
Section RS 39:1461 ("Definitions") 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 39:1461?
A common citation format is "Louisiana Civil Code § RS 39:1461" (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 39:1461 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.