La. Rev. Stat. § 39:1216
Depositing authorities located in parishes or municipalities of over one hundred thousand; supplemental private contracts with banks
Louisiana · Louisiana Revised Statutes Title 39 — Public Finance · Status: effective
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- Citation
- La. Rev. Stat. § 39:1216, Depositing authorities located in parishes or municipalities of over one hundred thousand; supplemental private contracts with banks, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2725256
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Full text
If a local depositing authority, located in whole or in part in a parish or municipality having a population of over one hundred thousand finds existing contracts, or any subsequent contracts, inadequate to meet its needs and requirements, it may enter into such a supplemental contract with any bank within or without the state as is deemed necessary best to meet its needs and requirements; provided, that all of the provisions of this Chapter, with respect to security for deposits and other requirements are complied with.