Page 1 of 1 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2010 ENROLLED SENATE BILL NO. 778 BY SENATOR LAFLEUR AN ACT1 To enact R.S. 39:1426(D), relative to the sale of general obligation bonds by political2 subdivisions; to provide for conditions of such sales; and to provide for related3 matters.4 Be it enacted by the Legislature of Louisiana:5 Section 1. R.S. 39:1426(D) is hereby enacted to read as follows:6 ยง1426. Advertising for public sale of securities; private sale of securities7 * * *8 D. Notwithstanding the provisions of any other law relating to the9 issuance of general obligation bonds by political subdivisions or the issuance by10 political subdivisions of any other bonds or indebtedness secured in whole or in11 part by ad valorem taxes, all such general obligation bonds or other such bonds12 or indebtedness may be sold as provided for in Subsection A of this Section or13 may be sold at private sale in the manner determined by the governing14 authority of the issuer thereof; provided the issuance of any such general15 obligation bonds or other such bonds or indebtedness is approved by the State16 Bond Commission, and in the case of a private sale, is approved by two-thirds17 of the members present and voting of the State Bond Commission. For purposes18 of this Subsection, the terms "general obligation bonds" and "political19 subdivisions" shall have the meanings ascribed to them in Article VI, Section20 44 of the Constitution of Louisiana.21 PRESIDENT OF THE SENATE SPEAKER OF THE HOUSE OF REPRESENTATIVES GOVERNOR OF THE STATE OF LOUISIANA APPROVED: ACT No. 903