2012 Revised Code of Washington
Title 43 - STATE GOVERNMENT — EXECUTIVE
43.86A Surplus funds -- Investment program.
43.86A.010 Finding -- Objectives.
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.
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