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 this law, in designated depositories, all public moneys coming into his hands, and it is hereby made the duty of said supervising board not less than once every six (6) months to certify to the treasurer the capital and surplus or reserves and unallocated or undivided earnings, as applicable, of each public depository, a copy of which certificate shall immediately be served on the treasurer by the supervising board or its clerk; provided, that with the approval of the supervising board of the depositing unit, the treasurer is authorized and empowered to invest surplus or idle funds of the depositing unit in investments permitted by section 67-1210, Idaho Code, and interest received on all such investments, unless otherwise required by law, shall be paid into the general fund of the depositing unit: and provided further, that as to all public moneys in the custody of the treasurer of a depositing unit for which there is no legal depository available under this chapter, it shall be the duty of the supervising board of the depositing unit to designate and place for the safekeeping of such public moneys, and until such designation it shall be the duty of the treasurer to deposit such excess sums on special deposit in any public depository, and the expense of such service shall be borne by the depositing unit.
History:
[(57-127) 1921, ch. 256, sec. 24, p. 557; am. 1925, ch. 45, sec. 10, p. 63; am. 1927, ch. 154, sec. 10, p. 154; I.C.A., sec. 55-126; am. 1935, ch. 134, sec. 4, p. 320; am. 1961, ch. 148, sec. 1, p. 213; am. 1969, ch. 142, sec. 3, p. 448; am. 1981, ch. 15, sec. 1, p. 26; am. 1986, ch. 74, sec. 9, p. 225.]
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.