The board may by resolution designate a bank as depositary of any or all of its funds. No question of interest shall affect such appointment. If the depositary is not designated for all of its funds, it shall designate what funds are to be deposited with the depositary. The county treasurer shall be the depositary for all funds not so designated.
Cal. Pub. Res. Code § 13191
Alternative Depositary of District Money
Known as the Resort Improvement District Law
The act spans §§ 13000 to 13233 (105 sections).
Added by Stats. 1961, Ch. 2069.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.