Delaware § 2705 Custody and investment of state funds

Delaware Statutes

§ 2705 — Custody and investment of state funds

Delaware § 2705

Title29

PartState Offices Created by Constitution

Ch. 27STATE TREASURER

This text of Delaware § 2705 (Custody and investment of state funds) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 29, § 2705 (2026).

Text

(a)The State Treasurer shall have custody of money belonging to the State, including, but not limited to, money in the School Fund. All money belonging to the State, except money deposited in any pension fund of the State, and received by the State Treasurer, shall be invested daily.

(b)Money belonging to the State shall continue to be invested until required by the State Treasurer to make disbursements authorized by law.

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(a) The State Treasurer shall have custody of money belonging to the State, including, but not limited to, money in the School Fund. All money belonging to the State, except money deposited in any pension fund of the State, and received by the State Treasurer, shall be invested daily.

(b) Money belonging to the State shall continue to be invested until required by the State Treasurer to make disbursements authorized by law.

Legislative History

Code 1852, § 511; 14 Del. Laws, c. 377, § 1 ; Code 1915, § 458; Code 1935, § 401; 29 Del. C. 1953, § 2706; 51 Del. Laws, c. 112 ; 57 Del. Laws, c. 741, § 34B ; 59 Del. Laws, c. 378, § 1 ; 60 Del. Laws, c. 375, § 1 ; 61 Del. Laws, c. 539, § 2 ; 63 Del. Laws, c. 142, § 1