2005 Idaho Code - 57-127A — DEPOSIT FOR SAFEKEEPING -- RESPONSIBILITY

                                  TITLE  57
                           PUBLIC FUNDS IN GENERAL
                                  CHAPTER 1
                            PUBLIC DEPOSITORY LAW
    57-127A.  DEPOSIT FOR SAFEKEEPING -- RESPONSIBILITY. The treasurer may
deposit for safekeeping with a designated depository or a federal reserve bank
any bonds, notes, bills, debentures, obligations, or certificates of
indebtedness in which the moneys of the taxing unit or its agencies are
invested pursuant to law; provided the treasurer shall take from the
designated depository a receipt for the securities deposited. A treasurer may
accept securities in authorized book entry form. The treasurer shall not be
responsible for securities so deposited until they are withdrawn by the
treasurer from the designated depository, except insofar as a violation by the
treasurer of the prudent man investment rule contributes to any loss.