Louisiana § RS 39:528 - Bond anticipation notes
Full text of Louisiana Louisiana Civil Code § RS 39:528 — Bond anticipation notes, with citation guidance and answers to common questions.
§ RS 39:528. Bond anticipation notes
A. Any governmental entity may authorize the issuance of bond anticipation notes in one or more series in anticipation of the issuance of bonds which it has duly and lawfully authorized. The proceeds of the sale of such notes, exclusive of accrued interest, shall be used for the purpose of paying capitalized interest on such notes for renewing the principal amount of previously issued bond anticipation notes, and for the purpose for which the anticipated bonds were authorized.
B. Bond anticipation notes shall be payable in principal from the proceeds of the sale of the duly authorized bonds, from the sale of additional bond anticipation notes, from revenue sources from which the anticipated bonds securities are payable when issued, or from other lawfully available funds. Interest on bond anticipation notes may be capitalized and paid from the proceeds of the issue, paid from the revenue source from which the anticipated bonds are payable when issued, or paid from other lawfully available funds.
C. The total amount of bond anticipation notes issued and outstanding at any one time shall not exceed the principal amount of authorized bonds in anticipation of which the bond anticipation notes were issued.
Acts 2018, No. 569, §1, eff. July 1, 2018.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 39:528
What does Louisiana Civil Code § RS 39:528 cover?
Section RS 39:528 ("Bond anticipation notes") 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 39:528?
A common citation format is "Louisiana Civil Code § RS 39:528" (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 39:528 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.