57-133. DEMAND DEPOSITS — PAYMENT OF SERVICE CHARGES — INTEREST ON TIME DEPOSITS. A public depository may pay interest to the depositing unit upon demand deposits, deposit accounts upon which negotiable orders of withdrawal may be written, and similar transaction deposit accounts made with it by such depositing unit as allowed by state or federal law.
The supervising boards of all depositing units are authorized in their discretion and from time to time to adopt, amend, and/or repeal rules and regulations not inconsistent with other provisions of this act providing for the payment by such depositing unit to its designated depository or depositories of reasonable charges for their services rendered in acting as such depositories. The rate of such charges and the terms and conditions thereof shall be fixed by such supervising boards in such rules and regulations, and shall be uniformly applicable to all designated depositories for such depositing unit under like circumstances and conditions. Such charges shall be allowed and paid from the funds of such depositing unit available for the payment of its general expenses as other claims against said funds are allowed and paid.
Every public depository shall pay interest upon time deposits made by the public depositing unit at rates not less than those paid to investors for deposits of the same amount and under like circumstances and conditions; provided, however, that such time deposits shall bear interest at a rate not in excess of the maximum rate permitted by any applicable governmental regulation.
History:
[(57-133) 1921, ch. 256, sec. 29, p. 557; am. 1925, ch. 45, sec. 13, p. 63; I.C.A., sec. 55-132; am. 1933, ch. 90, sec. 3, p. 142; am. 1937, ch. 98, sec. 1, p. 142; am. 1969, ch. 142, sec. 8, p. 488; am. 1970, ch. 142, sec. 2, p. 423; am. 1971, ch. 134, sec. 1, p. 518; am. 1973, ch. 273, sec. 2, p. 571; am. 1974, ch. 149, sec. 1, p. 1367; am. 1981, ch. 2, sec. 2, p. 4; am. 1981, ch. 146, sec. 1, p. 251; am. 1983, ch. 38, sec. 7, p. 92.]
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.