Surplus funds held as demand deposits to be limited.

After March 19, 1973, the state treasurer shall limit surplus funds held as demand deposits to an amount necessary for current operating expenses including direct warrant redemption payments, investments and revenue collection. The state treasurer may hold such additional funds as demand deposits as he or she deems necessary to insure efficient treasury management.[ 2009 c 549 s 5164; 1973 c 123 s 2.]