Louisiana Statutes
§ 51:3107 — Deposit of public funds by local government
Louisiana·Title 51 Trade and Commerce
A.A local government may deposit public funds with a financial institution designated as a banking district depository.
B.Subject to an agreement between the governing body and the banking district depository, public funds deposited in the banking district depository may earn a fixed interest rate that is at or below the financial institution's posted two year certificate of deposit rate. The terms of the agreement must be specified in the resolution adopted under R.S. 51:3106.
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Louisiana § 51:3107 (Deposit of public funds by local government) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 2007, No. 255, §1.
Nearby Sections
15
§ 51:31
§ 51:31§ 51:3101
§ 51:3101§ 51:3102
Purpose§ 51:3103
Rules and regulations§ 51:3105
Determination§ 51:3106
Banking district depository§ 51:3108
Deposit of public funds by state§ 51:3109
Tax abatement