67-1304. CUSTODIANS OF FEDERALLY INSURED DEPOSITS. Whenever the time deposits made by the state treasurer with financial institutions may be insured in whole or in part by the federal deposit insurance corporation, the federal savings and loan insurance corporation, or other federal program, and the amount of insurance available may be affected by the appointment of multiple custodians, the state treasurer shall appoint multiple custodians in such a manner as to maximize the amount of insurance provided.
History:
[67-1304, added 1985, ch. 170, sec. 1, p. 449.]
Structure Idaho Code
Title 67 - STATE GOVERNMENT AND STATE AFFAIRS
Chapter 13 - CUSTODIAN FOR MONEY AND SECURITIES HELD BY STATE
Section 67-1301 - STATE TREASURER APPOINTED AS CUSTODIAN.
Section 67-1302 - DELIVERY OF MONEY AND SECURITIES TO STATE TREASURER — RECEIPTS.
Section 67-1303 - DUTIES OF STATE TREASURER CONNECTED WITH CUSTODY.