La. Revenue and Taxation § 47:1874

Current with changes from the 2024 Legislative Session

Section 47:1874 - Maximum loan; maximum aggregate amount; interest; terms

A. Each loan guarantee shall be limited to the maximum established in Subsection B for each parish or district. The total amount of all outstanding loans shall not at any time exceed six million dollars. The interest rate shall not exceed seven percent per annum. The term of each loan shall not exceed a maximum of four years.

B. Each assessor in the state is authorized to borrow an amount to defray the costs of reappraisal and reassessment as required by Article VII, Part II of the constitution, not to exceed the following:

PARISH/DISTRICT	AMOUNT
Acadia	$ 82,380
Allen	32,772
Ascension	64,644
Assumption	31,440
Avoyelles	61,020
Beauregard	40,536
Bienville	26,760
Bossier	106,692
Caddo	379,116
Calcasieu	241,212
Caldwell	16,776
Cameron	14,148
Catahoula	18,192
Claiborne	26,928
Concordia	34,824
DeSoto	36,744
East Baton Rouge	501,623
East Carroll	18,384
East Feliciana	25,056
Evangeline	51,216
Franklin	37,368
Grant	24,156
Iberia	95,028
Iberville	46,296
Jackson	26,760
Jefferson	621,575
Jefferson Davis	46,632
Lafayette	191,892
Lafourche	115,368
LaSalle	24,360
Lincoln	55,140
Livingston	68,052
Madison	22,332
Morehouse	51,420
Natchitoches	55,704
1st District, Orleans	126,686
2nd District, Orleans	126,686
3rd District, Orleans	126,686
4th District, Orleans	126,686
5th District, Orleans	126,686
6th District, Orleans	126,686
7th District, Orleans	126,686
Ouachita	205,548
Plaquemines	38,364
Pointe Coupee	34,044
Rapides	189,612
Red River	15,072
Richland	33,912
Sabine	32,784
St. Bernard	96,828
St. Charles	50,916
St. Helena	15,156
St. James	30,684
St. John the Baptist	38,496
St. Landry	124,644
St. Martin	54,996
St. Mary	89,568
St. Tammany	120,900
Tangipahoa	110,844
Tensas	13,512
Terrebonne	126,132
Union	32,412
Vermilion	70,068
Vernon	73,584
Washington	68,940
Webster	66,036
West Baton Rouge	27,708
West Carroll	20,772
West Feliciana	12,720
Winn	26,400
TOTAL	$6,000,000

La. Revenue and Taxation § 47:1874

Added by Acts 1977, No. 571, §1, eff. July 15, 1977; H.C.R. No. 88, 1993 R.S., eff. May 30, 1993; H.C.R. No. 1, 1994 R.S., eff. May 11, 1994.

Added by Acts 1977, No. 571, §1, eff. 7/15/1977; H.C.R. No. 88, 1993 R.S., eff. 5/30/1993; H.C.R. No. 1, 1994 R.S., eff. 5/11/1994.