Louisiana § 51:3107 Deposit of public funds by local government

Louisiana Statutes

§ 51:3107 — Deposit of public funds by local government

Louisiana § 51:3107

Title 51Trade and Commerce

This text of Louisiana § 51:3107 (Deposit of public funds by local government) 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. § 51:3107 (2026).

Text

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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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.