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The Town must apply for and receive the consent of the State Bond Commission before it borrows money. See R.S. 39:1410.60. The terms and conditions of the repayment will be those the Bond Commission approves and not the term of the mayor. The application for the State Bond Commission is available on the State Treasurer’s website at https://www.treasury.la.gov/state-bond-commission
Louisiana Legislative Auditor website: 07/16/2025 02:34:08 AM
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