2005 Idaho Code - 67-2741 — EXCESS DEPOSITS

                                  TITLE  67
                      STATE GOVERNMENT AND STATE AFFAIRS
                                  CHAPTER 27
                            DEPARTMENT OF FINANCE
    67-2741.  EXCESS DEPOSITS. Where the amount to be deposited exceeds the
amount which all state depositories in the state are willing to accept on the
terms specified in this chapter, the state treasurer may, with the consent of
the investment board, deposit the excess in any one (1) or more banks or trust
companies in the state designated by the director of the department of
finance, or if there be no bank or trust company in the state satisfactory to
the investment board which is willing to accept such excess on the terms and
conditions specified by the board, then in a bank or banks designated by said
board outside the state, having a paidup capital and unimpaired surplus of not
less than $5,000,000, located in a reserve city, as designated by the United
States comptroller of the currency, subject to such regulations, upon such
conditions and with such security as the board may fix and determine, and
except as in this section otherwise provided and in the special cases for
which express statutory provision is made otherwise, the state treasurer shall
not deposit the funds of the state in his custody in banks or trust companies
located outside the state of Idaho.