§ 15.66.185. Investment of agricultural commodity commission funds in savings or time deposits of banks, trust companies, and mutual savings banks
(1) Any funds of any agricultural commodity commission may be invested in savings or time deposits in banks, trust companies, and mutual savings banks that are doing business in the United States, up to the amount of insurance afforded such accounts by the Federal Deposit Insurance Corporation.
(2) This section shall apply to all funds which may be lawfully so invested, which in the judgment of any agricultural commodity commission are not required for immediate expenditure. The authority granted by this section is not exclusive and shall be construed to be cumulative and in addition to other authority provided by law for the investment of such funds, including, but not limited to, authority granted under chapters 39.58, 39.59, and 43.84 RCW.
[2003 c 396 § 3; 2002 c 313 § 62; 1967 ex.s. c 54 § 2. Formerly RCW 30.04.370.]
Notes:
Effective date -- 2003 c 396: See note following RCW 15.66.030.
Effective dates -- 2002 c 313: See note following RCW 15.65.020.
Sections: Previous 15.66.145 15.66.150 15.66.153 15.66.157 15.66.160 15.66.170 15.66.180 15.66.185 15.66.190 15.66.200 15.66.210 15.66.220 15.66.230 15.66.240 15.66.245 Next
Last modified: April 7, 2009