RS 698.2 - Authority to issue bonds; election necessary
The governing authority of any local governmental subdivision or any school board may, in the manner hereinafter provided, fund sales tax revenues into negotiable bonds provided that the question of or proposition to authorize the funding of sales tax revenues into bonds shall have been submitted to the electors of the local governmental subdivision or, in the case of a school board the electors in the area under the jurisdiction of the school board, at an election called, conducted, canvassed and promulgated by the governing authority of the local governmental subdivision or the school board, as the case may be, in accordance with the laws of Louisiana governing the conduct of elections to authorize the issuance of bonds, levying of taxes and assumption of debt by political subdivisions and a majority of those electors voting in such election shall have voted in favor of the question or proposition to fund the sales tax revenues into bonds. The question or proposition with respect to the funding of the sales tax revenues into bonds may be voted upon at the election held to authorize the imposition of the tax or may be submitted at a separate election held for such purpose.
NOTE: §698.2 as repealed by Acts 2018, No. 569, eff. July 1, 2021.
RS 698.2 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
Acts 1975, 1st Ex.Sess., No. 21, §2, eff. Jan. 28, 1975; Acts 2018, No. 569, §2, eff. July 1, 2021.