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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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