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§ 4122 — Delaware Law | CourtGPT
  1. Home/
  2. Laws/
  3. Delaware/
  4. Title 9 - Counties/
  5. Chapter 41 - Government of Kent Countysub/
  6. Subchapter II - Powers and Duties§ 4110. General Powers; County Government Procedures; Ordinances/
  7. § 4122
Delaware Legal Code

§ 4122

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The county government by its Levy Court may authorize and order the investment of idle funds kept as surplus and not reasonably required to be maintained on a demand basis in such manner as recommended by the Director of Finance. 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.62 Del. Laws, c. 152, § 1; 80 Del. Laws, c. 209, § 3;