RCW 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.
Structure Revised Code of Washington
Title 43 - State Government—Executive
Chapter 43.86A - Surplus Funds—Investment Program.
43.86A.010 - Finding—Objectives.
43.86A.020 - Surplus funds held as demand deposits to be limited.
43.86A.030 - Surplus funds investment program—Available funds—Allocation.
43.86A.040 - Other investment powers of state treasurer not limited.
43.86A.050 - Implementation of chapter by state treasurer.
43.86A.060 - Linked deposit program—Eligible entities—Interest rates—Rule-making authority.