Louisiana Attorney General Reports August 3, 2004 (Opinion Number)

Dear Senator Boasso: This office is in receipt of your request for an Attorney General's opinion regarding the legality of a one-year loan of $5,000, at an interest rate of 2%, which the Lake Catherine Civic Organization, a presumably private organization, is considering providing to the Lake Catherine Sewage and Water District in order to provide the District with start-up funds.