LA SB149

Amends R.S. 39:1365(7) and (10) governing general obligation bond issuance and sale by the state of Louisiana and its agencies.

Changes bid security requirements so that only the winning bidder must provide financial security (2% of par value) within the State Bond Commission's timeframe, rather than requiring all bidders to accompany their bids with security.

Adds wire transfer of federal funds as an acceptable form of bid security, alongside the existing options of certified check, cashier's check, or surety bond.

Removes the requirement that bond maturity dates and mandatory sinking fund installment dates be at annual or semiannual intervals from the date of bonds.

Becomes effective upon the governor's signature or upon expiration of the time for gubernatorial action.