{"data":{"id":"us-la/rs-51-3106","jurisdiction":"us-la","citation":"RS 51:3106","heading":"Banking district depository","body":"A. The governing body of a local government in which a banking development district has been designated under R.S. 51:3105 may, by resolution, designate a financial institution located in the district as a banking district depository for purposes of R.S. 39:1220 regardless of whether the financial institution is designated as a state depository. All existing financial institutions operating in an area that becomes designated as a banking development district shall be eligible to be designated as a banking district depository for the purposes of this Chapter.\nB. A resolution adopted under Subsection A must specify the maximum amount that may be kept on deposit with the banking district depository.","path":["TITLE 51. TRADE AND COMMERCE"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=452962","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T05:03:16Z","sha256":"690d5a1f2cfe9084cfc49bf28a20d58376d3e2348efe3e4056daef2c2d1200c2","source_id":"us-la","stale":false,"prev":"us-la/rs-51-3105","next":"us-la/rs-51-3107"},"notice":"GroundRules: Original legal text. Not legal advice."}