Louisiana Statutes
§ 39:1225 — Security for deposits; amount of security
Louisiana·Title 39 Procurement and Contract
The amount of the security shall at all times be equal to one hundred percent of the amount of collected funds on deposit to the credit of each depositing authority except that portion of the deposits insured by any governmental agency insuring bank deposits which is organized under the laws of the United States.
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Legislative History
Acts 1995, No. 1126, §3, eff. June 29, 1995.
Nearby Sections
15
§ 39:12
Powers and duties§ 39:121.1
Timely submission of invoices§ 39:1211
§ 39:1211§ 39:1212
Daily deposits§ 39:1213
Fiscal agencies designated§ 39:1214
Bids to be invited§ 39:1220
Selection of depositories