New Hampshire § 6:7 Bank Deposits

New Hampshire Statutes

§ 6:7 — Bank Deposits

New Hampshire § 6:7

Title ITHE STATE AND ITS GOVERNMENT

Ch. 6STATE TREASURER AND STATE ACCOUNTS

SubdivisionState Treasurer

This text of New Hampshire § 6:7 (Bank Deposits) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 6:7 (2026).

Text

The treasurer may deposit any portion of public moneys, in the treasurer's possession, in federally insured banks authorized to accept deposits under RSA 6:8, I and I-a. At the discretion of the treasurer, balances may be collateralized if those balances are deemed to be significant in relation to the equity position of the federally insured bank. Other conditions being equal, those federally insured banks shall receive preference which allow interest on balances. As used in this section the term "public moneys" shall include the general funds of the state and any funds of which the state treasurer acts as custodian or agent.

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The treasurer may deposit any portion of public moneys, in the treasurer's possession, in federally insured banks authorized to accept deposits under RSA 6:8, I and I-a. At the discretion of the treasurer, balances may be collateralized if those balances are deemed to be significant in relation to the equity position of the federally insured bank. Other conditions being equal, those federally insured banks shall receive preference which allow interest on balances. As used in this section the term "public moneys" shall include the general funds of the state and any funds of which the state treasurer acts as custodian or agent.

Legislative History

1903, 125:1. 1905, 68:1. PL 15:6. 1927, 3:1. 1937, 104:1. RL 22:6. RSA 6:7. 1955, 248:1. 1977, 90:1. 1986, 204:3. 1987, 49:1. 1997, 208:2. 2008, 120:2, eff. Aug. 2, 2008. 2021, 65:1, eff. Aug. 3, 2021.