Subject to the limitations of Article 4.5 (commencing with Section 16480) of Chapter 3, the Treasurer shall determine what amounts of money shall be deposited:
(a) As time deposits, and the rates of interest to be received.
(b) As demand deposits, and the rates of interest to be received, if any.
(Amended by Stats. 1983, Ch. 142, Sec. 48.)
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