Usufruct
R.S. 51:3107

Deposit of public funds by local government ACTIVE

A. A local government may deposit public funds with a financial institution designated as a banking district depository.

B. Subject to an agreement between the governing body 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. The terms of the agreement must be specified in the resolution adopted under R.S. 51:3106.

Actions

JSON Markdown Source (legis.la.gov)

References

Cited by

None.

History

  • enactment Acts 2007, No. 255, §1

Section navigation

Cite R.S. 51:3107

Bluebook
La. Rev. Stat. Ann. § 51:3107 (2026).
Permalink
https://theusufruct.com/rs/title-51/section-3107
BibTeX
@misc{larevstat-51-3107,
  title        = {La. Rev. Stat. Ann. § 51:3107},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-51/section-3107},
  note         = {Snapshot 2026-05-22}
}