RS 698.3 - Purposes
If the funding of sales tax revenues is authorized by the electors as aforesaid, the governing authority of the local governmental subdivision or school board, as the case may be, may issue bonds from time to time for the purpose or purposes set forth in the question or proposition approved at the election, said bonds to be payable solely from and secured by an irrevocable pledge and dedication of sales tax revenues subject only to the prior payment of the costs and expenses of administration and collection of such tax. The bonds shall have such form, characteristics and details, be sold and be subject to the limitations and restrictions hereinafter set out.
NOTE: §698.3 as repealed by Acts 2018, No. 569, eff. July 1, 2021.
RS 698.3 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
Acts 1975, 1st Ex.Sess., No. 21, §3, eff. Jan. 28, 1976; Acts 2018, No. 569, §2, eff. July 1, 2021.