Louisiana § RS 39:525 - Limited revenue bonds secured by a parcel fee or service charge
Full text of Louisiana Louisiana Civil Code § RS 39:525 — Limited revenue bonds secured by a parcel fee or service charge, with citation guidance and answers to common questions.
§ RS 39:525. Limited revenue bonds secured by a parcel fee or service charge
A. Any governmental entity that is authorized to levy a parcel fee or service charge may anticipate the revenues to be realized from such parcel fee or service charge voted pursuant to provisions of the constitution and laws of Louisiana by borrowing money to be used only for the purpose for which such parcel fee or service charge was voted; however, a governmental entity may not anticipate such revenues for a period that exceeds the remaining number of years for which the parcel fee or service charge, as the case may be, is authorized to be levied. Such a borrowing shall be evidenced by limited revenue bonds of the governmental entity, which limited revenue bonds shall be payable solely from and secured by an irrevocable pledge and dedication of the revenues of such parcel fee or service charge, as the case may be.
B. The principal and interest due in any fiscal year of the governmental entity on such limited revenue bonds shall not exceed eighty percent of the revenues estimated to be realized from the levy of such parcel fee or service charge, as the case may be, for the fiscal year in which such limited revenue bonds are issued. In applying the aforesaid test, all revenues estimated to be realized from the levy of the parcel fee or service charge for the fiscal year in which the bonds are issued, regardless of the date on which the revenues are anticipated to be received, will be included in the estimated revenues for such fiscal year.
C. The principal of the limited revenue bonds shall be made due and payable annually not later than June first of each future year in which principal falls due; provided that such limited revenue bonds shall mature not later than June first in the year following the last year in which the parcel fee or service charge, as the case may be, securing the borrowing is authorized to be levied.
D. Limited revenue bonds issued under this Section are not revenue bonds within the meaning of Article VI, Section 37 of the Constitution of Louisiana.
Acts 2018, No. 569, §1, eff. July 1, 2018.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 39:525
What does Louisiana Civil Code § RS 39:525 cover?
Section RS 39:525 ("Limited revenue bonds secured by a parcel fee or service charge") 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 39:525?
A common citation format is "Louisiana Civil Code § RS 39:525" (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 39:525 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.