63B-11-404 - General provisions -- Funds and accounts.
63B-11-404. General provisions -- Funds and accounts.
(1) (a) Sections 63B-11-305, 63B-11-306, 63B-11-313, 63B-11-314, 63B-11-315, and63B-11-316 apply to any notes or renewals of notes issued under this part.
(b) (i) For purposes of this part, any action that those sections require or permit thecommission to take shall be considered sufficient if taken by the state treasurer.
(ii) The treasurer may take action by issuing a written order, or in some other manner thathe finds necessary or convenient, to accomplish the purposes of this part.
(2) The treasurer may:
(a) in a written order, establish whatever funds and accounts are necessary or desirable tocarry out the purposes of this part; and
(b) until the monies are needed for the purpose for which the fund or account wascreated, invest the monies held in those funds and accounts by following the procedures andrequirements of Title 51, Chapter 7, State Money Management Act.
Enacted by Chapter 278, 2002 General Session