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2021 Louisiana Laws
Revised Statutes
Title 51 - Trade and Commerce
§3108. Deposit of public funds by state
Universal Citation:
LA Rev Stat § 51:3108 (2021)
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RS 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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