{
  "urn": "urn:us-la:rs:51:3106",
  "title_number": "51",
  "section_number": "3106",
  "citation": "R.S. 51:3106",
  "heading": "Banking district depository",
  "text": "A. The governing body of a local government in which a banking development district has been designated under R.S. 51:3105 may, by resolution, designate a financial institution located in the district as a banking district depository for purposes of R.S. 39:1220 regardless of whether the financial institution is designated as a state depository. All existing financial institutions operating in an area that becomes designated as a banking development district shall be eligible to be designated as a banking district depository for the purposes of this Chapter.\n\nB. A resolution adopted under Subsection A must specify the maximum amount that may be kept on deposit with the banking district depository.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "51",
      "name": "TRADE AND COMMERCE"
    },
    {
      "level": "chapter",
      "number": "53",
      "name": "THE LOUISIANA BANKING DEVELOPMENT DISTRICTS ACT"
    }
  ],
  "breadcrumb": "Title 51 › Chapter 53",
  "acts_citations": [
    {
      "act_year": 2007,
      "act_number": 255,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Acts 2007, No. 255, §1.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=452962",
  "website_law_id": 452962,
  "scrape_timestamp": "2026-05-22T23:46:09Z",
  "source_html_hash": "sha256:96cdb8be535b08d69c9484a9075dd81958288690da996be4d11061c3543d98b4",
  "schema_version": "1.0.0"
}