FILE:  DFLA

 

GENERAL FUND INVESTMENT

 

 

The Grant Parish School Board may invest any surplus funds which they may have on hand, from whatever source derived, in United States Savings Bonds; in short term United States Treasury Bonds and Notes; in time certificates of deposit in state banks organized under the laws of Louisiana; and national banks having their principal office in the State of Louisiana; and in savings and loan associations up to the amount insured by the Federal Savings and Loan Insurance Corporation.

 

 

Ref:   La. Rev. Stat. Ann. ยงยง17:99, 33:2955

Attorney General's Opinion, May 29, 1975

 

Grant Parish School Board