RS 2:702 Declaration of legislative intent - Louisiana Statutes

§702.  Declaration of legislative intent

A.  It is found and determined that there exists a great and growing need in the state for airports, airport facilities, and improvements and access thereto.

B.  It is the purpose and intent of this Chapter to establish an instrumentality to provide airports, airport facilities, and improvements and access thereto; to assist public entities in constructing, extending, rehabilitating, repairing, maintaining, and renewing airports and airport facilities; and to assist in the financing of such needs.  The legislature recognizes that the state may authorize the issuance of general obligation bonds of the state, in accordance with law, to assist in the achieving of the purposes of this Chapter.  This Chapter shall be applied and interpreted to promote this purpose.

Acts 2008, No. 927, §1, eff. July 14, 2008.