Louisiana Administrative Code Title 71 - TREASURY-PUBLIC FUNDS
Louisiana Administrative Code (LAC) – Title 71: Treasury – Public Funds
Title 71 of the Louisiana Administrative Code contains the rules and regulations related to management, investment, custody, and disbursement of public funds. These rules are established and administered by the Louisiana State Treasurer and related agencies.
🔹 Key Areas Covered in Title 71:
Custody and Safekeeping of Public Funds
Rules governing depositories for state and local funds
Requirements for collateralization of public deposits
Authorized financial institutions and reporting
Investment of Public Funds
Permitted investment instruments (e.g., U.S. Treasury securities, CDs)
Investment policies for surplus funds and trust funds
Guidelines for pooling and diversification
Bond and Debt Management
Administration of general obligation and revenue bonds
Sinking fund management and debt service procedures
Oversight of political subdivision debt issuances
Unclaimed Property Program
Procedures for reporting and remitting unclaimed property
Claims process for rightful owners
Timeframes for escheatment
State Treasury Operations
Cash management policies and daily fund transfers
Clearing and suspense accounts
Fund accounting rules for constitutional and statutory funds
Trust and Dedicated Funds
Management of specific constitutional and statutory trust funds (e.g., Millennium Trust, Education Excellence Fund)
Revenue allocation procedures
Disbursement and reporting requirements
Audit and Reporting Requirements
Fiscal agent reporting standards
Annual and quarterly reporting from depositories and agencies
Compliance with legislative auditor rules
🔸 Administering Agency:
Louisiana Department of the Treasury
Headed by the State Treasurer
Works in coordination with the Bond Commission, Legislative Auditor, and Division of Administration
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