Rs 47 1874

RS 47:1874 - Maximum loan; maximum aggregate amount; interest; terms A. Each loan guarantee shall be limited to the maximum established in Subsection B for each parish or district. The total amount of all outstanding loans shall not at any time exceed six million dollars. The interest rate shall not exceed seven percent per annum. The term of each loan shall not exceed a maximum of four years. B. Each assessor in the state is authorized to borrow an amount to defray the costs of reappraisal and reassessment as required by Article VII, Part II of the constitution, not to exceed the following: PARISH/DISTRICTAMOUNTAcadia$ 82,380Allen32,772Ascension64,644Assumption31,440Avoyelles61,020Beauregard40,536Bienville26,760Bossier106,692Caddo379,116Calcasieu241,212Caldwell16,776Cameron14,148Catahoula18,192Claiborne26,928Concordia34,824DeSoto36,744East Baton Rouge501,623East Carroll18,384East Feliciana25,056Evangeline51,216Franklin37,368Grant24,156Iberia95,028Iberville46,296Jackson26,760Jefferson621,575Jefferson Davis46,632Lafayette191,892Lafourche115,368LaSalle24,360Lincoln55,140Livingston68,052Madison22,332Morehouse51,420Natchitoches55,7041st District, Orleans126,6862nd District,

0Jefferson621,575Jefferson Davis46,632Lafayette191,892Lafourche115,368LaSalle24,360Lincoln55,140Livingston68,052Madison22,332Morehouse51,420Natchitoches55,7041st District, Orleans126,6862nd District, Orleans126,6863rd District, Orleans126,6864th District, Orleans126,6865th District, Orleans126,6866th District, Orleans126,6867th District, Orleans126,686Ouachita205,548Plaquemines38,364Pointe Coupee34,044Rapides189,612Red River15,072Richland33,912Sabine32,784St. Bernard96,828St. Charles50,916St. Helena15,156St. James30,684St. John the Baptist38,496St. Landry124,644St. Martin54,996St. Mary89,568St. Tammany120,900Tangipahoa110,844Tensas13,512Terrebonne126,132Union32,412Vermilion70,068Vernon73,584Washington68,940Webster66,036West Baton Rouge27,708West Carroll20,772West Feliciana12,720Winn 26,400TOTAL$6,000,000Added by Acts 1977, No. 571, §1, eff. July 15, 1977; H.C.R. No. 88, 1993 R.S., eff. May 30, 1993; H.C.R. No. 1, 1994 R.S., eff. May 11, 1994.