Section 41-14-30 Deposit of funds in qualified public depositories; types of investments. (a) The State Treasurer may deposit the money of the state in any available bank product in any bank or savings association that is a qualified public depository under Chapter 14A of this title and that has been designated as a state depositary […]
Section 41-14-31 Maintenance of money for current operational expenses; apportionment of demand deposits. As much money as may be needed for current operational purposes of the state government, as determined by the State Treasurer in accordance with procedures prescribed by Section 41-14-32 and with the approval of the Governor, shall be maintained at all times […]
Section 41-14-33 Contracts covering time deposits, open account; early withdrawal; apportionment; payment and rate of interest. (a) The State Treasurer is authorized to enter into contracts with the state depositories for the deposit of state funds in time deposits, open account, having maturities of 91 days, six months, or one year; provided that any such […]
Section 41-14-34 How interest on time deposits, open account, calculated and paid; emergency withdrawal of funds on time deposit, open account. (a) Interest shall be calculated on the basis of the contracts existing with respect to time deposits, open account, and shall be payable monthly to the State Treasurer and by that officer paid into […]
Section 41-14-35 Security for deposits or accounts. (a) All public deposits, as defined in Chapter 14A, of the state shall be secured to the extent and in the manner provided in Chapter 14A by any combination of the following securities and instruments, which may be issued and held in either definitive or book-entry form: Direct […]
Section 41-14-36 Receipt, etc., of fee, compensation, etc., for placement, etc., of state moneys in time deposits, open account, demand deposits, etc. Any person who knowingly demands or receives any fee, compensation or reward or who demands or accepts directly or indirectly as payment or gift or otherwise any sum of money or other thing […]
Section 41-14-37 Section 36-17-18 not affected by provisions of article. Nothing contained in this article shall be construed to modify, amend or repeal the provisions of Section 36-17-18, as now existing or hereafter amended, relating to investment in direct obligations of the United States of America registered in the name of the State Treasurer. (Acts […]
Section 41-14-38 Applicability of provisions of article. The provisions of this article shall not apply to funds subject to withdrawal by a state official, state department or state agency other than the State Treasurer. (Acts 1967, No. 3, p. 336, §9.)
