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Code · Louisiana · Title 39 — Public Finance

RS 39:1225

72 words·~1 min read·/la/title-39/39-103

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RS 39:1225
§1225. Security for deposits; amount of security
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.
Acts 1995, No. 1126, §3, eff. June 29, 1995.
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