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 the public funds of such depositing unit by making application therefor to its supervising board and may under the provisions of section 57-130, Idaho Code, become the depository of other depositing units within the state.
Provided, that moneys which have been or shall be hereafter derived by irrigation districts organized under and by virtue of the provisions of section 43-118, Idaho Code, from the sale of coupon bonds for the payment of interest on bonds outstanding as provided by chapter 5, title 43, Idaho Code, may be deposited in a depository designated within the state of Idaho as provided by this chapter, or in such other depository within or without the state of Idaho as shall be designated by resolution of the board of directors of the irrigation district, and upon such terms and conditions as shall be agreed upon by the directors of the irrigation district and the purchasers of the outstanding bonds: provided, however, that the funds available as aforesaid shall in no manner be dissipated or used for any purpose other than the payment of interest on outstanding bonds.
History:
[(57-111) 1921, ch. 256, sec. 9, p. 557; am. 1925, ch. 81, sec. 1, p. 115; I.C.A., sec. 55-110; am. 1935, ch. 134, sec. 2, p. 320; am. 1969, ch. 142, sec. 2, p. 448; am. 1986, ch. 74, sec. 5, p. 223.]
Structure Idaho Code
Title 57 - PUBLIC FUNDS IN GENERAL
Chapter 1 - PUBLIC DEPOSITORY LAW
Section 57-102 - SCOPE OF ACT.
Section 57-104 - DEPOSITING UNIT.
Section 57-105 - PUBLIC MONEYS.
Section 57-106 - SUPERVISING BOARD.
Section 57-109 - DEPOSITING UNIT IN TWO OR MORE COUNTIES — DESIGNATION OF AUDITOR.
Section 57-110 - DESIGNATED DEPOSITORY.
Section 57-113 - REPORT ON CAPITAL AND SURPLUS.
Section 57-127 - DEPOSIT OF PUBLIC FUNDS — DUTIES OF TREASURER AND SUPERVISING BOARD.
Section 57-127A - DEPOSIT FOR SAFEKEEPING — RESPONSIBILITY.
Section 57-128 - DESIGNATION OF DEPOSITORY.
Section 57-130 - DEPOSIT IN FINANCIAL INSTITUTIONS OUTSIDE OF DEPOSITING UNIT.
Section 57-131 - DEPOSITS SUBJECT TO PAYMENT ON DEMAND.
Section 57-132 - DEPOSITS BY TAX COLLECTOR AND PUBLIC ADMINISTRATOR.
Section 57-133 - DEMAND DEPOSITS — PAYMENT OF SERVICE CHARGES — INTEREST ON TIME DEPOSITS.
Section 57-133B - UNLAWFUL DISCLOSURE OF INFORMATION RELATING TO DESIGNATED DEPOSITORIES — PENALTY.
Section 57-134 - ACCOUNTING FOR MONEYS DEPOSITED.
Section 57-135 - TREASURER’S MONTHLY REPORT.
Section 57-137 - RESPONSIBILITY FOR LOSS THROUGH INSOLVENCY OF BANK.
Section 57-138 - LIABILITY OF COUNTY AUDITOR UNDER PUBLIC DEPOSITORY LAW.
Section 57-139 - OFFENSES BY TREASURER — PENALTY.
Section 57-140 - NEGLECT OF TREASURER — PENALTY.
Section 57-141 - BRIBERY OF TREASURER A FELONY — PENALTY.
Section 57-142 - EXPENSES — AUDIT AND PAYMENT.
Section 57-143 - INSPECTION OF TREASURER’S OFFICE.