FILE:  DG

Cf:  ED

 

DEPOSITORY OF FUNDS

 

 

All revenue received by the Assumption Parish School District shall be deposited in the official depository banks.  The bank fund accounts shall be approved annually by the School Board at the time the budget is adopted.

 

The selection of the fiscal agent for the Assumption Parish School Board funds shall be in the following manner:

 

1.

All banks located within the school district shall be notified in writing inviting them to submit their proposal to serve as the official depositories or treasuries of the school district for the next year.

 

2.

The depositories or treasuries selected by the School Board shall protect the school district funds as provided by state law and shall submit necessary date for approval by the School Board.

 

The School Board shall advertise and administer bids in accordance with policies of this School Board and statutory requirements.

 

 

Ref:    La. Rev. Stat. Ann. ยงยง17:95, 39:1219, 39:1220

 

Assumption Parish School Board