DG - LRSD Board Policy | www.lrsd.org

DG - LRSD Board Policy

Published by jackbgarvey on Tue, 07/09/2013 - 16:46

LITTLE ROCK SCHOOL DISTRICT - NEPN CODE:  DG

 

BANKING SERVICES

The Board will select a bank for the deposit of District funds based on the following criteria:

·         ability to provide collateral in the appropriate amount to legally cover investments and deposits

·         ability to provide necessary banking services

·         ability to serve at least four consecutive years

All checking accounts of the District will be maintained in the depository of District funds.  No individual or group may use the name Little Rock School District, LRSD, or any variation for a bank account that is not established and operated by the District’s Financial Services Department.

 

 

 

Adopted:  March 24, 2000

Legal Reference:  A.C.A. 6-20-222