Delaware Code Title 29 Sec. 2705 – Custody and investment of state funds
(a) The State Treasurer shall have custody of money belonging to the State, including, but not limited to, money in the School Fund. All money belonging to the State, except money deposited in any pension fund of the State, and received by the State Treasurer, shall be invested daily.
Terms Used In Delaware Code Title 29 Sec. 2705
- State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302
(b) Money belonging to the State shall continue to be invested until required by the State Treasurer to make disbursements authorized by law.
Code 1852, § ?511; 14 Del. Laws, c. 377, § ?1; Code 1915, § ?458; Code 1935, § ?401; 29 Del. C. 1953, § ?2706; 51 Del. Laws, c. 112; 57 Del. Laws, c. 741, § ?34B; 59 Del. Laws, c. 378, § ?1; 60 Del. Laws, c. 375, § ?1; 61 Del. Laws, c. 539, § ?2; 63 Del. Laws, c. 142, § ?1;