RS 33:4710.16

151 words·~1 min read·/la/title-33/33-3956

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

RS 33:4710.16

§4710.16. Use of revenues

Any revenue of the authority derived from any source whatsoever, after all payments required to be made in connection with any bonds of the authority have been made, may be used by the authority for the payment of the administrative and operating expenses of the authority and for the payment of any expenses incurred in connection with any project, including engineering, architectural, legal, and administrative costs and fees incidental thereto. Any revenue of the authority remaining at the end of each fiscal year after the payment of such expenses shall be considered surplus and may, in the sole discretion of the authority, be distributed by the authority to the city of New Orleans or retained by authority for utilization on future expenses, capital expenditures, or costs reasonably anticipated to be incurred.

Acts 2019, No. 172, §1; Acts 2025, No. 178, §1, eff. June 8, 2025.