67-2743 INTEREST ON TIME DEPOSITS.

TITLE 67

STATE GOVERNMENT AND STATE AFFAIRS

CHAPTER 27

DEPARTMENT OF FINANCE

67-2743. Interest on time deposits. Every state depository shall pay interest upon time deposits made by the state treasurer at rates not less than those paid to investors for a deposit of the same amount and under like circumstances and conditions; provided, however, that such time deposits shall bear interest at a rate not in excess of the maximum rate permitted by any applicable government regulation.