Section 57-101 – NAME OF ACT.
57-101. NAME OF ACT. This chapter may be cited as the "Public Depository Law." History: [(57-101) 1921, ch. 256, sec. 1, p. 557; I.C.A., sec. 55-101.]
Section 57-102 – SCOPE OF ACT.
57-102. SCOPE OF ACT. This chapter is designed to safeguard and protect the funds of all political subdivisions and of all municipal and quasi-municipal corporations of the state, having power to levy taxes or assessments, now existing or hereafter created and whether organized under the general laws or any special law of the state. History: […]
Section 57-103 – DEFINITIONS.
57-103. DEFINITIONS. In this chapter, unless the context otherwise requires, words and phrases shall have the meanings defined in the sections following. History: [(57-103) 1921, ch. 256, sec. 3, p. 557; I.C.A., sec. 55-103.]
Section 57-104 – DEPOSITING UNIT.
57-104. DEPOSITING UNIT. Every municipal and quasi-municipal corporation, recreation district, improvement district, school district, or governmental unit, of every kind, character or class, now or hereafter created or organized, and authorized by law to levy taxes or special assessments, for which the county treasurer does not act as treasurer, and every county, is a depositing […]
Section 57-105 – PUBLIC MONEYS.
57-105. PUBLIC MONEYS. "Public moneys" are all moneys coming into the hands of any treasurer of a depositing unit, and in the case of any county shall also include all moneys coming into the hands of its tax collector or public administrator. History: [(57-105) 1921, ch. 256, sec. 4a, as added by 1925, ch. 45, […]
Section 57-106 – SUPERVISING BOARD.
57-106. SUPERVISING BOARD. "Supervising board" is the official governing body of a depositing unit. History: [(57-106) 1921, ch. 256, sec. 5, p. 557; I.C.A., sec. 55-106.]
Section 57-107 – TREASURER.
57-107. TREASURER. "Treasurer" is the official custodian of public moneys as defined in this chapter. History: [(57-107) 1921, ch. 256, sec. 6, p. 557; am. 1925, ch. 45, sec. 3, p. 63; I.C.A., sec. 55-107.]
Section 57-108 – AUDITOR.
57-108. AUDITOR. "Auditor" is the officer of a depositing unit charged by law or by ordinance or resolution of the supervising board with the duty of checking the accounts of the treasurer. History: [(57-108) 1921, ch. 256, sec. 7, p. 557; I.C.A., sec. 55-108.]
Section 57-109 – DEPOSITING UNIT IN TWO OR MORE COUNTIES — DESIGNATION OF AUDITOR.
57-109. DEPOSITING UNIT IN TWO OR MORE COUNTIES — DESIGNATION OF AUDITOR. If any depositing unit as defined in this chapter, or any part thereof, is located or deemed to be located in two (2) or more counties of the state, then the county auditor of whichever one of such counties as is from time […]
Section 57-110 – DESIGNATED DEPOSITORY.
57-110. DESIGNATED DEPOSITORY. "Designated depository" is any national bank, state bank, trust company, federal savings and loan association, state savings and loan association, federal credit union or state credit union, located in the state and designated as a depository by the supervising board. History: [(57-110) 1921, ch. 256, sec. 8, p. 557; I.C.A., sec. 55-109; […]
Section 57-111 – FINANCIAL INSTITUTIONS ELIGIBLE AS DEPOSITORIES — CERTAIN FUNDS OF IRRIGATION DISTRICTS UNDER SECTION 43-118, IDAHO CODE.
57-111. FINANCIAL INSTITUTIONS ELIGIBLE AS DEPOSITORIES — CERTAIN FUNDS OF IRRIGATION DISTRICTS UNDER SECTION 43-118, IDAHO CODE. Any national bank, state bank, trust company, federal savings and loan association, state savings and loan association, federal credit union or state credit union, located within the geographical boundaries of any depositing unit, may become a depository of […]
Section 57-111A – TREASURER OF DEPOSITING UNIT SHALL NOT DEPOSIT MONEY IN ANY BANK OR TRUST COMPANY WHICH HAS FAILED TO PAY ALL STATE AND LOCAL TAXES.
57-111A. TREASURER OF DEPOSITING UNIT SHALL NOT DEPOSIT MONEY IN ANY BANK OR TRUST COMPANY WHICH HAS FAILED TO PAY ALL STATE AND LOCAL TAXES. The treasurer of a depositing unit shall not deposit moneys of a depositing unit in a financial institution which has failed to pay all state and local taxes it owes, […]
Section 57-113 – REPORT ON CAPITAL AND SURPLUS.
57-113. REPORT ON CAPITAL AND SURPLUS. Every financial institution designated as a public depository and holding any deposit of public funds of any depositing unit under the provisions of this chapter shall, on or before beginning to hold such deposits, file with the treasurer and the supervising board of each such depositing unit whose deposit […]
Section 57-127 – DEPOSIT OF PUBLIC FUNDS — DUTIES OF TREASURER AND SUPERVISING BOARD.
57-127. DEPOSIT OF PUBLIC FUNDS — DUTIES OF TREASURER AND SUPERVISING BOARD. Except where the public moneys of a depositing unit in the custody of the treasurer at any one (1) time are less than one thousand dollars ($1000), the treasurer shall deposit, and at all times keep on deposit, subject to the provisions of […]
Section 57-127A – DEPOSIT FOR SAFEKEEPING — RESPONSIBILITY.
57-127A. DEPOSIT FOR SAFEKEEPING — RESPONSIBILITY. The treasurer may deposit for safekeeping with a designated depository or a federal reserve bank any bonds, notes, bills, debentures, obligations, or certificates of indebtedness in which the moneys of the taxing unit or its agencies are invested pursuant to law; provided the treasurer shall take from the designated […]
Section 57-128 – DESIGNATION OF DEPOSITORY.
57-128. DESIGNATION OF DEPOSITORY. The supervising board shall designate one or more financial institutions within the boundaries of the depositing unit which are qualified public depositories as defined by section 57-110, Idaho Code, and which is in compliance with section 57-113, Idaho Code, as depository or depositories for the moneys required to be kept by […]
Section 57-130 – DEPOSIT IN FINANCIAL INSTITUTIONS OUTSIDE OF DEPOSITING UNIT.
57-130. DEPOSIT IN FINANCIAL INSTITUTIONS OUTSIDE OF DEPOSITING UNIT. Where there are no approved depositories in the depositing unit, or where the money in the treasury exceeds the amount which the designated depositories in the depositing unit are willing to accept, the said excess moneys may be deposited in financial institutions outside of the depositing […]
Section 57-131 – DEPOSITS SUBJECT TO PAYMENT ON DEMAND.
57-131. DEPOSITS SUBJECT TO PAYMENT ON DEMAND. All deposits in public depositories shall be demand deposits or deposits in accounts upon which negotiable orders of withdrawal may be written, or in similar transaction deposit accounts except for deposits of surplus or idle funds which the said depositing units are authorized to make under section 57-127, […]
Section 57-132 – DEPOSITS BY TAX COLLECTOR AND PUBLIC ADMINISTRATOR.
57-132. DEPOSITS BY TAX COLLECTOR AND PUBLIC ADMINISTRATOR. It is hereby made the duty of the tax collector and public administrator of every county of this state to deposit any and all sums of money coming into his hands by virtue of his office in a depository designated by the supervising board under the provisions […]
Section 57-133 – DEMAND DEPOSITS — PAYMENT OF SERVICE CHARGES — INTEREST ON TIME DEPOSITS.
57-133. DEMAND DEPOSITS — PAYMENT OF SERVICE CHARGES — INTEREST ON TIME DEPOSITS. A public depository may pay interest to the depositing unit upon demand deposits, deposit accounts upon which negotiable orders of withdrawal may be written, and similar transaction deposit accounts made with it by such depositing unit as allowed by state or federal […]