N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1645-1.1

Current through Register Vol. 46, No. 45, November 2, 2024

Section 1645-1.1 - Investment of excess funds

The division will require local agencies to invest, promptly, all excess funds in their custody. Excess funds, as a general rule, mean cash in checking accounts not required for disbursement within a period of one or, at most, two months.

N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1645-1.1