Del. Code tit. 9 § 4122

Current through 2024 Legislative Session Act Chapter 531

Section 4122 - [See Note] Investment powers

The county government by its Levy Court may authorize and order the investment of idle funds kept as surplus by the Receiver of Taxes not reasonably required to be maintained on a demand basis in such manner as recommended by the County Comptroller. Investment of county funds shall be in accordance with general state law and the ordinances of the county government governing such investments. All interest or investments and moneys so earned from these idle or surplus funds shall accrue only to the benefit of the County of Kent.

9 Del. C. § 4122

62 Del. Laws, c. 152, §1.;

This section is set out twice. See also Del. C. §4122, as amended by Laws 2015, ch. 209,s 3, eff. when this amendment becomes effective.