La. Stat. tit. 39 § 1273
Current with operative changes from the 2024 Third Special Legislative Session
Federal farm loan bonds issued by federal land banks, debentures issued by federal intermediate credit banks, and debentures issued by banks for cooperatives are hereby designated as security for all character of public funds, especially for securing deposits in designated depositories for the funds of the various parishes, municipalities, levee boards, and other public bodies.
La. R.S. § 39:1273