Delaware § 2705 Custody and investment of state funds

Delaware Statutes

§ 2705 — Custody and investment of state funds

Delaware·Title 29·Part State Offices Created by Constitution·Ch. 27 STATE TREASURER

(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.

Delaware § 2705 (Custody and investment of state funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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