TITLE 17. EDUCATION

CHAPTER 11. TAXATION AND FISCAL AFFAIRS

PART I. AUTHORITY TO BORROW MONEY

SUBPART A. LOUISIANA STATE BOARD OF EDUCATION

17:2156      Interest, etc., of bonds as part of cost for which bonds authorized; bonds not obligations of state

  The interest on the bonds or other obligations issued pursuant to this Subpart, as well as the cost of the issuance of the same including legal, financial, engineering, and other similar expenses, shall form part of the expenditures to be made for the construction, repairs and other expenses authorized by R.S. 17:2151 and for which the bonds are issued.

  The bonds or other obligations issued by the board of education under the authority of this Subpart shall be solely the obligations of the board and not the obligations of the State of Louisiana.