§ 16564 Treasurer Bank Deposit Receipts

• •When the state puts money in a bank, the Treasurer must get a receipt or proof of the deposit.
• •The receipt must show how much money was deposited.
• •The receipt must also mention the agreement between the bank and the Treasurer.

The state puts $1,000,000 in a bank for safekeeping.

The Treasurer must get a receipt from the bank that shows $1,000,000 was deposited and that refers to the agreement between the bank and the Treasurer.