RS 569.1 - Notice of default
The chief executive officer and the fiscal officer of a governing authority of a political subdivision that has issued bonds shall notify, or cause to be notified, the legislative auditor, in writing, that a failure to make a debt service payment by the political subdivision is reasonably likely to occur. The legislative auditor shall be notified either on or before one hundred twenty days before the due date of such payment, or as soon as the officers of the governing authority know, or have good reason to know, that such failure is reasonably likely to occur, whichever occurs last.
NOTE: §569.1 as repealed by Acts 2018, No. 569, eff. July 1, 2021.
RS 569.1 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
Acts 1989, No. 108, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.