§ 43.86A.010. Finding -- Objectives
The legislature finds that a procedure should be established for the management of short term treasury surplus funds by the state treasurer in order to insure a maximum return while they are on deposit in public depositaries. The objectives of this procedure are to minimize noninterest earning demand deposits and provide fair compensation to financial institutions for services rendered to the state through the investment of state funds in time deposits.
[1983 c 66 § 20; 1973 c 123 § 1.]
Notes:
Severability -- 1983 c 66: See note following RCW 39.58.010.
Sections: 43.86A.010 43.86A.020 43.86A.030 43.86A.040 43.86A.050 43.86A.060 43.86A.070 43.86A.080 Next
Last modified: April 7, 2009