§3108.  Deposit of public funds by state

A.  The treasurer may deposit public funds with a financial institution designated as a banking district depository.

B.  Subject to an agreement between the treasurer and the banking district depository, public funds deposited in the banking district depository may earn a fixed interest rate that is at or below the financial institution's posted two year certificate of deposit rate.

Acts 2007, No. 255, §1.