La. Stat. tit. 39 § 510

Current with changes from the 2024 Legislative Session

Section 39:510 - Notice of default

Any governmental entity that has issued bonds under this Part shall notify the State Bond Commission in writing when:

(1) Any required deposit to any debt service sinking fund in connection with such bonds has not been made within five business days of when due.

(2) The principal, interest, premium, or any other payment due on such bonds has not been made within five business days of when due.

La. R.S. § 39:510

Acts 2018, No. 569, §1, eff. July 1, 2018.

Amended by Acts 2018, No. 569,s. 1, eff. 7/1/2018.