S704 - COVID-19 Recovery Act. (SL 2020-3)

Overview: Section 4.28 of S.L. 2020-3 permits the Secretary of the Local Government Commission to set the amount of money local governments keep on hand that require daily deposit during a declared emergency. This section authorizes the Secretary to allow less than daily but no fewer than weekly deposits provided the money is maintained in a secure location.

This section became effective May 4, 2020.