Code · Louisiana · Title 39 — Public Finance

RS 39:510

84 words·~1 min read·/la/title-39/39-1254

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

RS 39:510

§510. Notice of default

Any governmental entity that has issued bonds under this Part shall notify the State Bond Commission in writing when:

(1)Any required deposit to any debt service sinking fund in connection with such bonds has not been made within five business days of when due.

(2)The principal, interest, premium, or any other payment due on such bonds has not been made within five business days of when due.

Acts 2018, No. 569, §1, eff. July 1, 2018.