The State Treasurer is authorized to assist local governments in investing funds that are temporarily in excess of operating needs by:

1. (1) Explaining investment opportunities to such local governments through publication and other appropriate means;
2. (2) Acquainting such local governments with the State's practice and experience in investing short-term funds; and
3. (3) Providing technical assistance in investment of idle funds to local governments that request such assistance.

HISTORY: 1962 Code SECTION 1-69; 1967 (55) 625.