Louisiana Statutes
§ 51:3108 — Deposit of public funds by state
Louisiana·Title 51 Trade and Commerce
A.The treasurer may deposit public funds with a financial institution designated as a banking district depository.
B.Subject to an agreement between the treasurer 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.
Free access — add to your briefcase to read the full text and ask questions with AI
Louisiana § 51:3108 (Deposit of public funds by state) — 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