WILLIAM DONALD SCHAEFER, Governor Ch. 492

C. THE TREASURER SHALL DEVOTE FULL TIME TO THE DUTIES OF
THE OFFICE.

136-8. PREMIUM PAYMENTS.

THE COUNTY COMMISSIONERS SHALL LEVY IN THEIR ANNUAL LEVY
MADE EACH YEAR SUCH A SUM AS WILL PAY THE PREMIUMS ON ALL
BONDS REQUIRED OF THE TREASURER OR DEPUTY TREASURER UNDER
THE PROVISIONS OF THIS CHAPTER.

136-9. ACCOUNTS, REPORTS AND INVESTMENTS.

A. COLLECTION AND PAYMENT OF STATE AND COUNTY TAXES;
ACCOUNTABILITY FOR RECEIPTS AND DISBURSEMENTS; QUARTERLY
REPORTS. SAID TREASURER SHALL KEEP AND PAY OVER, ACCORDING
TO LAW OR UPON THE ORDER OF THE COUNTY COMMISSIONERS, THE
PROCEEDS OF ALL COUNTY TAXES LEVIED IN SAID COUNTY COLLECTED
BY HIM AND SHALL ALSO KEEP AND PAY OVER TO THE TREASURER OF
THE STATE, ACCORDING TO LAW, ALL STATE TAXES IN SAID COUNTY
COLLECTED BY HIM, AND HE SHALL KEEP A FULL, PARTICULAR AND
CORRECT ACCOUNT OF ALL MONEYS RECEIVED BY HIM AND PAID OUT
BY HIM AND OF ALL MATTERS RELATING TO THE DUTIES OF HIS OFFICE,
TOGETHER WITH ALL VOUCHERS RELATING THERETO, AND HE SHALL
PRESENT, QUARTERLY, TO THE COUNTY COMMISSIONERS A TRUE AND
FAITHFUL ACCOUNT OF ALL MONEYS RECEIVED AND DISBURSED BY
HIM AND ALL CASH ON HAND DURING THE PRECEDING QUARTER, SAID
REPORTS TO BEGIN NOT LATER THAN THE EXPIRATION OF THE FIRST
QUARTER AFTER THE TERM OF OFFICE OF SAID TREASURER SHALL
BEGIN.

B. SHORT-TERM INVESTMENTS AND OTHER INCOME-PRODUCING
DEPOSITS; DISBURSEMENTS; COUNTY AUTHORITY. THE TREASURER
SHALL INVEST IN SHORT-TERM UNITED STATES GOVERNMENT
SECURITIES OR DEPOSIT IN INCOME-PRODUCING BANK ACCOUNTS OR A
BUILDING ASSOCIATION DEPOSIT SUCH COUNTY FUNDS AS ARE NOT
REQUIRED TO BE USED WITHIN FIFTEEN (15) DAYS FOR DISBURSEMENT
OR EXPENDITURES FOR COUNTY PURPOSES, SUBJECT TO THE APPROVAL
OF THE COUNTY COMMISSIONERS AS TO THE AMOUNT SO AVAILABLE
FOR SUCH INVESTMENT OR DEPOSIT AND THE ACCEPTABLE SECURITIES
OR DEPOSITORIES, WITHOUT RELIEVING THE TREASURER OF LIABILITY
FOR THE SECURITY OF SUCH INVESTMENT OR DEPOSIT ACCORDING TO
LAW. SUCH DEPOSITS SHALL ONLY BE MADE WHEN THE BANK OR
BUILDING ASSOCIATION HAS SET ASIDE A LIKE AMOUNT OF BONDS IN
ESCROW, AS PRESCRIBED BY LAW, COVERING BANK DEPOSITS OR
BUILDING ASSOCIATION DEPOSITS, AS SUCH DEPOSIT IS SECURED BY
GOVERNMENT INSURANCE. INTEREST EARNED ON INVESTMENT IN ANY
ONE FISCAL YEAR MUST BE USED THE FOLLOWING FISCAL YEAR FOR
GENERAL COUNTY EXPENSES. THE TREASURER SHALL PAY OUT ALL
MONEYS ONLY UPON ORDERS FROM THE COUNTY COMMISSIONERS OR

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