§ La. R.S. 18:1295(untitled)

Special election to increase interest rate
A. Any parish, municipality, or other political subdivision of the state in which a special election
has been held, at which election the issuance of bonds of said political subdivision has been approved and
a maximum rate of interest to be borne by said bonds has been established may, through the respective
governing authority thereof, call and hold a special election to authorize the issuance and sale of such bonds
at a maximum rate of interest greater than that rate specified in the proposition or propositions previously
approved. However, such greater maximum rate of interest so submitted for approval shall not exceed the
maximum rate of interest than permitted by the applicable laws of the state for the type of bonds described
in the aforesaid proposition or propositions.
B. Any election called and held hereunder shall be held and conducted under the same legal
authority under which the previous election was held and conducted unless such laws since have been
amended, in which event said election shall be held and conducted in accordance with the laws of the state
then in effect with respect to the holding and conducting of special elections to authorize the issuance of such
bonds. An election held and conducted hereunder shall have no effect other than to permit the issuance and
sale of said bonds at a maximum rate of interest greater than that approved at the previously held election.
C. Notwithstanding any contrary provision of this Chapter, the authority to issue any bonds
approved in prior bond elections shall remain in full force and effect.