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H.B. 242 Enrolled
LONG TITLE
General Description:
This bill modifies statutes governing the deposit of state monies.
Highlighted Provisions:
This bill:
. requires that state monies be deposited daily, if practicable, but no later than once
every three banking days;
. authorizes an agency to obtain a variance from that requirement from the state
treasurer; and
. makes technical corrections.
Monies Appropriated in this Bill:
None
Other Special Clauses:
None
Utah Code Sections Affected:
AMENDS:
51-4-1, as last amended by Chapter 27, Laws of Utah 1974
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 51-4-1 is amended to read:
51-4-1. Deposits by state officers, boards, commissions, institutions, departments,
divisions, agencies, and similar instrumentalities.
[
(1) As used in this section, "agency" means each officer, board, commission, institution,
department, division, agency, and other similar instrumentality of the state of Utah.
(2) Unless an agency receives a written variance from the state treasurer, each agency
shall deposit daily, if practicable, but no later than once every three banking days, all collections of
state money and other public funds [
(a) the state treasurer [
(b) a qualified depository for the credit of the state [
(3) The state treasurer may [
policies governing the reporting and remitting to him of these funds.
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