§ 9-4-812 — Withdrawals of state funds; liability of treasurer for money or bond loss

The state treasurer or his authorized deputy may withdraw any
and all funds deposited for the purpose of paying the
appropriations and obligations of the state as lawfully required
or whenever he deems it advisable or to the interests of the
state to do so except funds deposited as time deposit, open
account shall require notice in advance of withdrawal as
specified in W.S. 9-4-809. The state treasurer and his sureties
are responsible for the faithful performance of the duties of
the treasurer under the law, and for a proper accounting and
turning over to his successor of all monies paid to the
treasurer as such but he shall not be held personally liable for
any monies that may be lost by reason of the failure or
insolvency of any bank or credit union selected as a state
depository nor for the deficiency or loss upon any surety bond
or securities deposited by any bank or credit union, if the
surety bond or securities were placed according to law, unless
the loss could have been avoided by the exercise of reasonable
care and diligence on the part of the treasurer or his deputy,
in which case the treasurer is liable to the state for the loss.