Judges: JOHN ASHCROFT
Filed Date: 5/7/1981
Status: Precedential
Modified Date: 7/5/2016
Dear Mr. Antonio:
This letter is in response to your question asking to what fund the interest earned on the county special road and bridge fund should be credited.
You point out that subsection 2 of §
The interest upon each fund shall be computed upon the daily balances with the depositary, and shall be payable to the county treasurer monthly, who shall place the interest on the school funds to the credit of those funds respectively, the interest on all county hospital funds and hospital district funds to the credit of those funds, the interest on county health center funds to the credit of those funds and the interest on all other funds to the credit of the county general fund.
Section
You have a copy of our Opinion No. 171, 1980, in which we concluded that interest earned by a county on money which the county receives from the County Aid Road Trust Fund should be credited to the county road and bridge fund and not to the county general revenue fund. We believe that the reasoning of this opinion is applicable to the question you now ask and therefore we conclude that interest earned on the county special road and bridge fund should be credited to the special road and bridge fund and not to the county general fund.
Very truly yours,
JOHN ASHCROFT Attorney General