Louisiana § RS 51:3108 - Deposit of public funds by state
Full text of Louisiana Louisiana Civil Code § RS 51:3108 — Deposit of public funds by state, with citation guidance and answers to common questions.
§ RS 51:3108. 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.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 51:3108
What does Louisiana Civil Code § RS 51:3108 cover?
Section RS 51:3108 ("Deposit of public funds by state") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 51:3108?
A common citation format is "Louisiana Civil Code § RS 51:3108" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 51:3108 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.