Louisiana SB149 amends bond issuance requirements, including bid submission and maturity dates.

Louisiana SB149 modifies the requirements for the issuance and sale of general obligation bonds. It mandates that bids, except those from the federal government or the state of Louisiana, must include a wire transfer of federal funds, a certified check, or cashier's check for 2% of the par value of the bonds, or a surety bond. The bid must be in writing, signed, and sealed, or submitted electronically. The maturity dates and mandatory sinking fund installment dates must be at annual or semiannual intervals from the date of the bonds.

Louisiana SB149 amends bond issuance requirements, including bid submission and maturity dates.

Louisiana SB149 modifies the requirements for the issuance and sale of general obligation bonds. It mandates that bids, except those from the federal government or the state of Louisiana, must include a wire transfer of federal funds, a certified check, or cashier's check for 2% of the par value of the bonds, or a surety bond. The bid must be in writing, signed, and sealed, or submitted electronically. The maturity dates and mandatory sinking fund installment dates must be at annual or semiannual intervals from the date of the bonds.