11-65-606. Lake authority chief financial officer is a public treasurer -- Certain lake authority funds are public funds.
(1) The lake authority's chief financial officer:
(a) is a public treasurer, as defined in Section 51-7-3; and
(b) shall invest the lake authority funds specified in Subsection (2) as provided in that subsection.
(2) Notwithstanding Subsection 63E-2-110(2)(a), appropriations that the lake authority receives from the state:
(a) are public funds; and
(b) shall be invested as provided in Title 51, Chapter 7, State Money Management Act.