2005 Idaho Code - 57-131 — DEPOSITS SUBJECT TO PAYMENT ON DEMAND

                                  TITLE  57
                           PUBLIC FUNDS IN GENERAL
                                  CHAPTER 1
                            PUBLIC DEPOSITORY LAW
    57-131.  DEPOSITS SUBJECT TO PAYMENT ON DEMAND. All deposits in public
depositories shall be demand deposits or deposits in accounts upon which
negotiable orders of withdrawal may be written, or in similar transaction
deposit accounts except for deposits of surplus or idle funds which the said
depositing units are authorized to make under section 57-127, Idaho Code, with
the approval of their respective supervising boards. The term "surplus or idle
funds" shall mean the excess of available moneys in the public treasury,
including the reasonably anticipated revenues, over and above the reasonably
anticipated expenditures chargeable to those moneys, taking into account the
dates at which such revenues and expenditures may be expected to occur, the
charges of expenses to revenues being done in such a manner as to produce the
maximum amount of excess. This definition shall not apply to idle funds in the
state treasury, which funds shall be as defined in section 67-1210, Idaho
Code.