ENROLLED
ACT No. 413
2015 Regular Session
HOUSE BILL NO. 608
BY REPRESENTATIVE JACKSON
1 AN ACT
2 To enact R.S. 39:562(Q), relative to the limit of indebtedness of school districts; to authorize
3 an increase in bonded indebtedness in certain parishes, with voter approval; to
4 provide for an effective date; and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 39:562(Q) is hereby enacted to read as follows:
7 ยง562. Limit of indebtedness
8 * * *
9 Q. The governing authority of any parish school district in any parish having
10 a population of more than one hundred forty-nine thousand persons and less than one
11 hundred eighty-four thousand persons according to the latest federal decennial
12 census of record at the time such bonds are issued, with the approval of a majority
13 of the voters voting therein at an election held for that purpose, may incur debt and
14 issue bonds therefor for the purposes set out in R.S. 39:554 which, including the
15 existing bonded debt of such subdivision for such purposes, may exceed ten percent
16 but shall not exceed fifty percent of the assessed valuation of the taxable property of
17 such subdivision, including both:
18 (1) Homestead exempt property, which shall be included on the assessment
19 roll for the purposes of calculating debt limitation.
20 (2) Nonexempt property, as ascertained by the last assessment for the parish
21 for local purposes prior to delivery of the bonds representing such debt, regardless
22 of the date of the election at which said bonds were approved.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HB NO. 608 ENROLLED
1 Section 2. This Act shall become effective upon signature by the governor or, if not
2 signed by the governor, upon expiration of the time for bills to become law without signature
3 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
4 vetoed by the governor and subsequently approved by the legislature, this Act shall become
5 effective on the day following such approval.
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.