§ 41-14-5 — State or County Officers May Deposit State Funds in Depositaries; Maximum Amount of State Funds Which Depositaries May Receive, Etc

Alabama § 41-14-5

• Jurisdiction: Alabama
• Title 41: State Government
• Ch. 14: State Funds Generally
• Art. 1: State Depositaries

Text

Any state or county officer in this state having in his or her possession or under his or her control funds or moneys belonging to the state may place the same in a state depositary to the credit of the State Treasurer and subject to the check or order of the Treasurer. No state depositary shall receive or have at any time an amount of paid money or funds in excess of the face value of bonds and other securities deposited or for which receipts have been deposited by it with the Treasurer.

Legislative History

(Code 1907, §644; Code 1923, §894; Code 1940, T. 55, §382; Acts 1943, No. 14, p. 17; Acts 1947, No. 411, p. 301, §3; Acts 1949, No. 223, p. 332.)