La. R.S. § 39:1429 Credit Enhancement, Purchase and Payment; Authorization

• Library: Louisiana Statutes
• Edition: 2023
• Currency: Current with changes from the 2023 Legislative Session
• Year: 2023
• Citation: La. R.S. § 39:1429

A. It is the intent of the legislature to facilitate the use of credit enhancement devices in connection with the sale of securities only in ...

B. Upon a finding by the governing authority of benefit therefrom, a public entity may enter into contracts with providers of credit enhancement devices respecting any securities issued by these public entities and may pay all the cost thereof from the proceeds of the sale of the securities or from other lawfully available funds.