Louisiana Revised Statutes 49:320.1 – Notification upon opening banking accounts
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Terms Used In Louisiana Revised Statutes 49:320.1
- fiscal agent bank: means any bank selected and designated by the Interim Emergency Board for deposit of state funds by the treasurer and other elected state officials or any department, board, commission, or institution of the state. See Louisiana Revised Statutes 49:319
- State depositing authority: as used in this Chapter means the state treasurer, and other elected state officials or any department, board, commission, or institution of the state; and "depository" or "fiscal agent bank" means any bank selected and designated by the Interim Emergency Board for deposit of state funds by the treasurer and other elected state officials or any department, board, commission, or institution of the state. See Louisiana Revised Statutes 49:319
Any state depositing authority which deposits state funds in a bank designated as a fiscal agent bank by the Interim Emergency Board shall provide written notice to the state treasurer and the cash management review board upon opening any type of account at the fiscal agent bank. The state treasurer shall annually provide a listing to the Joint Legislative Committee on the Budget of all accounts reported under these provisions. The information the state treasurer reports herein shall be in addition to the report required pursuant to the provisions of La. Rev. Stat. 39:372(D).
Acts 1990, No. 664, §1, eff. July 1, 1990; Acts 2016, No. 587, §2, eff. June 17, 2016.