Washington · statute · Wash. Rev. Code ch. 43.85 · 6 active provisions
The state treasurer may deposit with any qualified public depositary which has fully complied with all requirements of law and the regulations of the public deposit protection commission any state moneys in his or her hands or under his or her official control and any sum so on deposit shall be deemed to be in the stat…
It is the purpose of RCW 43.85.190 through 43.85.230 to authorize the state treasurer to make investment deposits of state moneys or funds in his or her custody in qualified public depositaries at a rate of interest permitted by any applicable statute or regulation.
All moneys or funds belonging to or in the custody of the state under the control of the state treasurer shall be considered as state moneys or funds.
The state treasurer may deposit state moneys or funds at interest in any qualified public depositary upon a demand or time account basis.
If state depositaries are member banks of the federal reserve system, or are banks the deposits of which, within certain limits, are insured by the federal deposit insurance corporation and, as such, are prohibited by a statute of the United States or by a lawful regulation of the federal reserve system or of the feder…
The state treasurer may deposit moneys not required to meet current demands upon a term deposit basis not to exceed five years at such interest rates and upon such conditions as to withdrawals of such moneys as may be agreed upon between the state treasurer and any qualified public depositary.