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


The selection of the official depository of treasury for the school district funds shall be in the following manner:



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 biennium.



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


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



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


Grant Parish School Board