2005 Idaho Code - 67-2726 — BANKS TO WHICH OFFICIALS SECRETLY INDEBTED INELIGIBLE

                                  TITLE  67
                      STATE GOVERNMENT AND STATE AFFAIRS
                                  CHAPTER 27
                            DEPARTMENT OF FINANCE
    67-2726.  BANKS TO WHICH OFFICIALS SECRETLY INDEBTED INELIGIBLE. No bank
is eligible to become or remain a state depository, to which the state
treasurer, state controller, or the chief deputy of either of them is directly
indebted, unless the fact of such indebtedness is made known to the department
of finance, but the amount and character of such indebtedness shall be subject
to disclosure according to chapter 3, title 9, Idaho Code, and said department
of finance shall treat such information in strict confidence. Any member of
the department violating this provision shall be guilty of a misdemeanor, and
punished therefor as provided by law.
    In case of a violation by a state depository of this provision, the
department of finance shall immediately cause all funds therein to be
withdrawn and such bank shall be ineligible again to become a state depository
during the incumbency of the official so indebted to said bank.