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Code · Louisiana · Title 51 — Trade and Commerce

RS 51:3108

73 words·~1 min read·/la/title-51/51-1013

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RS 51:3108
§3108. Deposit of public funds by state
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.
Acts 2007, No. 255, §1.
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