(a) The Treasurer of State shall not deposit State Treasury funds into an institution that is not eligible to be a bank depository under ยง 19-3-507 unless deposits in the institution are required to be made by other law or by resolution of a state board or commission duly adopted pursuant to the authority and requirement of other law.
(b) The prohibition of subsection (a) of this section does not apply to funds payable from the State Treasury that are required by paying agents to meet debt service requirements of bond obligations incurred by law.
Section: Previous 19-3-502 19-3-503 19-3-504 19-3-505 19-3-506 19-3-507 19-3-508 19-3-509 19-3-510 19-3-511 19-3-512 19-3-513 19-3-514 19-3-515 NextLast modified: November 15, 2016