§ 10-1-102. CASH MANAGEMENT AND INVESTMENTS - IN GENERAL.

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(a)

Disposition of county money. In accordance with state law, the Director of Budget and Finance or the Director's designee shall promptly deposit all county moneys, including unexpended and surplus moneys, in any account that the Director or the Director's designee designates.

(b)

Authority to invest, redeem, sell, exchange, and reinvest. In accordance with state law, the Director or the Director's designee may invest, redeem, sell, exchange, and reinvest all unexpended and surplus moneys in any fund, investment, or account that the Director or the Director's designee designates.

(c)

Liabilities remain. The Director and sureties are not relieved of their liability when the Director's designee authorizes a withdrawal, redemption or payment under this section.

(1988 Code, § 15-4) (Bill No. 87, 1990, §§ 2, 3, 8-13-1990; Bill No. 49-96, § 7, 7-1-1996; Bill No. 83-00, § 2, 7-1-2004)

                    
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