Printable Format75-4210a. Interest credited to general fund; exceptions. Interest earned on state moneys shall be credited to the state general fund, unless required by law, contract or bequest to be credited to a fund other than the state general fund. When interest earnings are required by law, contract or bequest to be credited to a fund other than the state general fund, such earnings shall be based on the average daily balance in the fund for each month and the net earnings rate of the pooled money investment portfolio for such month unless such law, contract or bequest provides a different method of computing interest earnings.
History: L. 1975, ch. 453, § 6; L. 1996, ch. 254, § 19; May 23.
Attorney General's Opinions:
Investment of state custodial account containing surplus reserves. 81-195.
State moneys; forestry, fish and game commission fee fund. 81-201.
NDSL fund; interest credited to special fund. 83-34.
Management and expenditure through trust fund for gifts and bequests to state board of education. 83-58.
Interest credited to general fund; exceptions. 85-128.