RS 40:480
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/la/title-40/40-1237A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 40:480
§480. Essential governmental purpose
All bonds, notes, certificates, and other instruments evidencing indebtedness or conveying equity participations issued by a local housing authority or any subsidiary thereof are deemed to be issued for an essential governmental purpose.
Acts 1997, No. 1188, §1.