Other LanguagesWhere a school district or other municipal corporation issues and sells refunding bonds pursuant to chapter 138, Laws of 1965, Ex. Sess., and places the proceeds in the custody of its county treasurer for investment pending ultimate application to the purpose for which the bonds have been issued, the investment service fee provided by RCW 28.58.440 or RCW 39.29.020 is to be charged.
1. The general bond of the State Treasurer to the State of Washington in the amount of $250,000 covers all the various state funds and trust funds of which he is custodian, with the exception of those which require an additional bond in the act setting up such fund. 2. Fidelity bonds furnished by employees of the State Treasurer likewise cover these various and sundry funds.
The "unbudgeted cash balance" which counties under RCW 36.40.090 are authorized to retain in their current expense funds must at all times remain in the form of cash or that which is redeemable in cash upon demand as a matter of fixed right.