25.19 Treasurer; bond; deposit of securities; cash management.
(1) The state treasurer shall be the treasurer of the board and shall give an additional bond in the amount and with the corporate sureties required and approved by the board, the cost of which shall be borne by the board.
(1m) Any of the securities purchased by the board for any of the funds whose investment is under the control of the board may be deposited by the board in vaults or other safe depositories either in or outside of this state.
(3) The secretary of administration or his or her designee shall allocate bank service costs to the funds incurring those costs.
(4) The secretary of administration shall provide advice to state agencies concerning efficient cash management practices.
History: 1979 c. 110; 1989 a. 31; 1993 a. 16; 1995 a. 27; 1999 a. 83; 2003 a. 33, 320; 2017 a. 59.
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