6-10-30. Interest rates set by state board of finance.
61 words·~1 min read·
/nm/chapter-6-public-finances/article-10-public-money/6-10-30·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The state board of finance at any time, but at least once each fiscal year, shall fix the rate of interest to be paid upon all time deposits of public money made by all public officials authorized to make deposits of public money.
History: 1953 Comp., § 11-2-27, enacted by Laws 1975, ch. 304, § 1; 2001, ch. 55, § 1.