Louisiana Statutes
§ 39:1244 — Responsibility of depositing authorities for funds deposited; for collateral
Louisiana § 39:1244
JurisdictionLouisiana
Title 39Procurement and Contract
This text of Louisiana § 39:1244 (Responsibility of depositing authorities for funds deposited; for collateral) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
La. Stat. Ann. § 39:1244 (2026).
Text
Neither the commissioners of public finance, nor the finance officers of cities located in this state having a population exceeding one hundred fifty thousand, nor any department, board, commission, or institution thereof, nor any other depositing authority named in this Part which has complied with the provisions contained herein, shall be responsible for any funds deposited in depositories selected by the commission councils or governing bodies of the cities; but all depositing authorities shall be responsible for the safe keeping and returning of the collateral deposited with them by fiscal agent banks as security for the deposits by them made with the depositories.
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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 depositoriesCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 39:1244, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/39%3A1244.