---
urn: urn:us-la:rs:51:3108
citation: "R.S. 51:3108"
status: active
breadcrumb: "Title 51 › Chapter 53"
acts_citations:
  - { year: 2007, number: 255, section: 1, effective_date: null, role: enactment }
---

# 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.