reglab/housing_qa huggingface dataset:
MT Code § 7-6-208 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 2. Deposit and Investment of Public Money|7-6-208. Substitution of deposit security

  7-6-208. Substitution of deposit security. (1) Any bank, building and loan association, savings and loan association, or credit union pledging securities as provided in 7-6-207, at any time it deems advisable or desirable, may substitute like securities for all or any part of the securities pledged. The collateral so substituted shall be approved by the governing body of the county, city, or town at its next official meeting.   (2) Such securities so substituted shall at the time of substitution be at least equal in principal amount to the securities for which substitution is made. In the event that the securities so substituted are held in trust, the trustee shall, on the same day the substitution is made, forward a receipt by registered or certified mail to the county, city, or town and to the depository bank, building and loan association, savings and loan association, or credit union. The receipt shall specifically describe and identify both the securities so substituted and those released and returned to the depository bank, building and loan association, savings and loan association, or credit union.   History: En. Sec. 4367, Pol. C. 1895; amd. Sec. 1, Ch. 5, L. 1903; amd. Sec. 3003, Rev. C. 1907; amd. Sec. 1, Ch. 88, L. 1913; re-en. Sec. 4767, R.C.M. 1921; Cal. Pol. C. Sec. 4161; amd. Sec. 1, Ch. 89, L. 1923; amd. Sec. 1, Ch. 137, L. 1925; amd. Sec. 1, Ch. 134, L. 1927; amd. Sec. 1, Ch. 49, L. 1929; amd. Sec. 1, Ch. 23, Ex. L. 1933; re-en. Sec. 4767, R.C.M. 1935; amd. Sec. 1, Ch. 50, L. 1957; amd. Sec. 1, Ch. 66, L. 1961; amd. Sec. 1, Ch. 40, L. 1963; amd. Sec. 1, Ch. 32, L. 1965; amd. Sec. 1, Ch. 258, L. 1969; amd. Sec. 1, Ch. 499, L. 1973; amd. Sec. 1, Ch. 43, L. 1974; amd. Sec. 106, Ch. 348, L. 1974; amd. Sec. 1, Ch. 160, L. 1975; amd. Sec. 28, Ch. 213, L. 1975; amd. Sec. 2, Ch. 304; L. 1975; amd. Sec. 1, Ch. 539, L. 1975; R.C.M. 1947, 16-2618(7); amd. Sec. 4, Ch. 421, L. 1985.
MT Code § 7-6-209 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 2. Deposit and Investment of Public Money|7-6-209. Repealed

  7-6-209. Repealed. Sec. 2, Ch. 217, L. 1983.   History: En. Sec. 1, Ch. 44, L. 1931; re-en. Sec. 4767.3, R.C.M. 1935; amd. Sec. 70, Ch. 348, L. 1974; amd. Sec. 29, Ch. 213, L. 1975; R.C.M. 1947, 16-2621; amd. Sec. 7, Ch. 274, L. 1981.
MT Code § 7-6-210 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 2. Deposit and Investment of Public Money|7-6-210. Repealed

  7-6-210. Repealed. Sec. 13, Ch. 179, L. 1995.   History: En. Sec. 4367, Pol. C. 1895; amd. Sec. 1, Ch. 5, L. 1903; amd. Sec. 3003, Rev. C. 1907; amd. Sec. 1, Ch. 88, L. 1913; re-en. Sec. 4767, R.C.M. 1921; Cal. Pol. C. Sec. 4161; amd. Sec. 1, Ch. 89, L. 1923; amd. Sec. 1, Ch. 137, L. 1925; amd. Sec. 1, Ch. 134, L. 1927; amd. Sec. 1, Ch. 49, L. 1929; amd. Sec. 1, Ch. 23, Ex. L. 1933; re-en. Sec. 4767, R.C.M. 1935; amd. Sec. 1, Ch. 50, L. 1957; amd. Sec. 1, Ch. 66, L. 1961; amd. Sec. 1, Ch. 40, L. 1963; amd. Sec. 1, Ch. 32, L. 1965; amd. Sec. 1, Ch. 258, L. 1969; amd. Sec. 1, Ch. 499, L. 1973; amd. Sec. 1, Ch. 43, L. 1974; amd. Sec. 106, Ch. 348, L. 1974; amd. Sec. 1, Ch. 160, L. 1975; amd. Sec. 28, Ch. 213, L. 1975; amd. Sec. 2, Ch. 304; L. 1975; amd. Sec. 1, Ch. 539, L. 1975; R.C.M. 1947, 16-2618(part); amd. Sec. 7, Ch. 274, L. 1981; amd. Sec. 1, Ch. 287, L. 1983.
MT Code § 7-6-211 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 2. Deposit and Investment of Public Money|7-6-211. Report by financial institution

  7-6-211. Report by financial institution. Any bank, building and loan association, savings and loan association, or credit union receiving such deposits shall, through its president and cashier or secretary, make a statement of account quarter-annually, under oath, showing:   (1) all such money that has been deposited with such bank, building and loan association, savings and loan association, or credit union during the quarter;   (2) the amount of daily balance in dollars;   (3) the amount of interest credited or paid therefor by such bank, building and loan association, savings and loan association, or credit union; and   (4) that neither such bank, building and loan association, savings and loan association, or credit union nor any officer thereof nor any person for it has paid or given any consideration or emolument whatsoever to the treasurer or town clerk or to any other person, other than the interest provided for herein, for or on account of the making of such deposits with any such bank, building and loan association, savings and loan association, or credit union.   History: En. Sec. 4367, Pol. C. 1895; amd. Sec. 1, Ch. 5, L. 1903; amd. Sec. 3003, Rev. C. 1907; amd. Sec. 1, Ch. 88, L. 1913; re-en. Sec. 4767, R.C.M. 1921; Cal. Pol. C. Sec. 4161; amd. Sec. 1, Ch. 89, L. 1923; amd. Sec. 1, Ch. 137, L. 1925; amd. Sec. 1, Ch. 134, L. 1927; amd. Sec. 1, Ch. 49, L. 1929; amd. Sec. 1, Ch. 23, Ex. L. 1933; re-en. Sec. 4767, R.C.M. 1935; amd. Sec. 1, Ch. 50, L. 1957; amd. Sec. 1, Ch. 66, L. 1961; amd. Sec. 1, Ch. 40, L. 1963; amd. Sec. 1, Ch. 32, L. 1965; amd. Sec. 1, Ch. 258, L. 1969; amd. Sec. 1, Ch. 499, L. 1973; amd. Sec. 1, Ch. 43, L. 1974; amd. Sec. 106, Ch. 348, L. 1974; amd. Sec. 1, Ch. 160, L. 1975; amd. Sec. 28, Ch. 213, L. 1975; amd. Sec. 2, Ch. 304; L. 1975; amd. Sec. 1, Ch. 539, L. 1975; R.C.M. 1947, 16-2618(part); amd. Sec. 5, Ch. 421, L. 1985.
MT Code § 7-6-212 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 2. Deposit and Investment of Public Money|7-6-212. Limitation on liability of treasurer or town clerk

  7-6-212. Limitation on liability of treasurer or town clerk. When money has been deposited in accordance with the provisions of this part, the treasurer or town clerk is not liable for loss on account of any deposit that may occur through damage by the elements or for any other cause or reason occasioned through means other than the treasurer's or clerk's own neglect, fraud, or dishonorable conduct.   History: En. Sec. 4367, Pol. C. 1895; amd. Sec. 1, Ch. 5, L. 1903; amd. Sec. 3003, Rev. C. 1907; amd. Sec. 1, Ch. 88, L. 1913; re-en. Sec. 4767, R.C.M. 1921; Cal. Pol. C. Sec. 4161; amd. Sec. 1, Ch. 89, L. 1923; amd. Sec. 1, Ch. 137, L. 1925; amd. Sec. 1, Ch. 134, L. 1927; amd. Sec. 1, Ch. 49, L. 1929; amd. Sec. 1, Ch. 23, Ex. L. 1933; re-en. Sec. 4767, R.C.M. 1935; amd. Sec. 1, Ch. 50, L. 1957; amd. Sec. 1, Ch. 66, L. 1961; amd. Sec. 1, Ch. 40, L. 1963; amd. Sec. 1, Ch. 32, L. 1965; amd. Sec. 1, Ch. 258, L. 1969; amd. Sec. 1, Ch. 499, L. 1973; amd. Sec. 1, Ch. 43, L. 1974; amd. Sec. 106, Ch. 348, L. 1974; amd. Sec. 1, Ch. 160, L. 1975; amd. Sec. 28, Ch. 213, L. 1975; amd. Sec. 2, Ch. 304; L. 1975; amd. Sec. 1, Ch. 539, L. 1975; R.C.M. 1947, 16-2618(part); amd. Sec. 473, Ch. 61, L. 2007.
MT Code § 7-6-213 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 2. Deposit and Investment of Public Money|7-6-213. Repurchase agreements -- bidding

  7-6-213. Repurchase agreements -- bidding. (1) After qualifying as provided in subsection (5), a financial institution may contract with a local governing body to establish one or more repurchase agreements, including daily repurchase agreements.   (2) A repurchase agreement is a contract that specifies the minimum and maximum of public money that the local governing body will invest under the contract in securities that the financial institution will sell to the local governing body and that the financial institution will repurchase on mutually agreeable terms.   (3) A repurchase agreement is not a demand account.   (4) The local governing body may maintain in the same financial institution contracting for the repurchase agreement a demand account into which each business day shall be deposited a sum equal to the day's disbursements, and that deposit will be the proceeds of the redemption by the financial institution of securities previously purchased by the local governing body under the provisions of the repurchase agreement, so that the balance of the demand account at the close of each day's business will be zero.   (5) The local governing body shall call for bids as provided in 7-6-206 to contract for a repurchase agreement from all financial institutions chartered to do business in the state of Montana which are authorized to accept demand deposits and to buy and sell securities. The call for bids shall specify the minimum acceptable rate of interest, effective date of the repurchase agreement and the period of duration and range of funds to be invested.   History: En. Sec. 1, Ch. 329, L. 1981; amd. Sec. 3, Ch. 620, L. 1985.
MT Code § 7-6-301 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 3. Local Government Block Grant Program (Repealed)|7-6-301. Repealed

  7-6-301. Repealed. Sec. 38, Ch. 611, L. 1987.   History: En. Sec. 1, Ch. 708, L. 1983.
MT Code § 7-6-302 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 3. Local Government Block Grant Program (Repealed)|7-6-302. Repealed

  7-6-302. Repealed. Sec. 38, Ch. 611, L. 1987.   History: En. Sec. 2, Ch. 708, L. 1983; amd. Sec. 48, Ch. 281, L. 1983; amd. Sec. 1, Ch. 30, Sp. L. June 1986.
MT Code § 7-6-303 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 3. Local Government Block Grant Program (Repealed)|7-6-303. Repealed

  7-6-303. Repealed. Sec. 38, Ch. 611, L. 1987.   History: En. Sec. 3, Ch. 708, L. 1983; amd. Sec. 2, Ch. 30, Sp. L. June 1986.
MT Code § 7-6-304 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 3. Local Government Block Grant Program (Repealed)|7-6-304. Repealed

  7-6-304. Repealed. Sec. 38, Ch. 611, L. 1987.   History: En. Sec. 4, Ch. 708, L. 1983; amd. Sec. 3, Ch. 30, Sp. L. June 1986.
MT Code § 7-6-305 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 3. Local Government Block Grant Program (Repealed)|7-6-305. Repealed

  7-6-305. Repealed. Sec. 38, Ch. 611, L. 1987.   History: En. Sec. 5, Ch. 708, L. 1983; amd. Sec. 4, Ch. 30, Sp. L. June 1986.
MT Code § 7-6-306 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 3. Local Government Block Grant Program (Repealed)|7-6-306. Repealed

  7-6-306. Repealed. Sec. 38, Ch. 611, L. 1987.   History: En. Sec. 6, Ch. 708, L. 1983; amd. Sec. 5, Ch. 30, Sp. L. June 1986.
MT Code § 7-6-307 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 3. Local Government Block Grant Program (Repealed)|7-6-307. Repealed

  7-6-307. Repealed. Sec. 38, Ch. 611, L. 1987.   History: En. Sec. 7, Ch. 708, L. 1983.
MT Code § 7-6-308 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 3. Local Government Block Grant Program (Repealed)|7-6-308. Repealed

  7-6-308. Repealed. Sec. 38, Ch. 611, L. 1987.   History: En. Sec. 8, Ch. 708, L. 1983.
MT Code § 7-6-309 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 3. Local Government Block Grant Program (Repealed)|7-6-309. Repealed

  7-6-309. Repealed. Sec. 38, Ch. 611, L. 1987.   History: En. Sec. 9, Ch. 708, L. 1983; amd. Sec. 6, Ch. 30, Sp. L. June 1986.
MT Code § 7-6-401 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 4. Counties and Municipalities Interest on Overdue Accounts|7-6-401. Definitions relating to interest assessment

  7-6-401. Definitions relating to interest assessment. As used in 7-6-402 and 7-6-403, the following definitions apply:   (1) "Services" means the furnishing of labor, time, or effort, including construction services, purchased or contracted for by a county or a municipality.   (2) "Supplies" means all personal property purchased, leased, or contracted for by a county or municipality, including leases of equipment. The term also includes leases of buildings or other real property by a county or municipality.   History: En. Sec. 1, Ch. 413, L. 1985.
MT Code § 7-6-402 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 4. Counties and Municipalities Interest on Overdue Accounts|7-6-402. Interest assessed on amounts due

  7-6-402. Interest assessed on amounts due. (1) Except as provided in 7-6-403, a county or municipality shall pay simple interest at the rate of 0.05% each day on amounts due for supplies and services received if the county or municipality fails to make timely payment.   (2) For purposes of this section, payment is timely if a warrant is mailed or is otherwise made available to the payee when due and for the amount specified in the applicable contract or agreement. If no date is specified in the applicable contract or agreement, payment is timely if paid within 35 days after receipt of a properly completed invoice, addressed to the payer county or municipality, or receipt of the supplies or services by the county or municipality, whichever is later.   History: En. Sec. 2, Ch. 413, L. 1985.
MT Code § 7-6-403 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 4. Counties and Municipalities Interest on Overdue Accounts|7-6-403. Exemptions

  7-6-403. Exemptions. Section 7-6-402 does not apply to the following:   (1) interagency or intergovernmental transactions;   (2) claims subject to a good faith dispute;   (3) delinquencies due to natural disasters, disruptions in postal or delivery service, work stoppage due to labor disputes, power failures, or any other cause resulting from circumstances clearly beyond the control of the county or municipality;   (4) contracts entered into before October 1, 1985; or   (5) wages due and payable to county or municipal employees or payments from any retirement system created pursuant to Title 19.   History: En. Sec. 3, Ch. 413, L. 1985.
MT Code § 7-6-501 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 5. Local Government Levy for Juvenile Detention Programs|7-6-501. Definitions

  7-6-501. Definitions. As used in 7-6-502 and this section, unless the context requires otherwise, the following definitions apply:   (1) "Detention" means the holding or temporary placement of a youth in a facility other than the youth's own home for the purpose of ensuring the continued custody of the youth at any time after the youth is taken into custody and before final disposition of the youth's case.   (2) "Juvenile detention program" means services to provide for the lawful detention or shelter care of youth. The term includes:   (a) youth evaluations ordered by the court under 41-5-1503, 41-5-1512, or 41-5-1513;   (b) programs for the transportation of youth to appropriate detention facilities or shelter care facilities; and   (c) an educational program for youth in need of that service.   (3) "Local government" has the same meaning as provided in 7-12-1103.   (4) "Shelter care" has the same meaning as provided in 41-5-103.   (5) "Youth" means an individual who is less than 18 years of age who is alleged to be a delinquent youth or youth in need of intervention as those terms are defined in 41-5-103.   History: En. Sec. 1, Ch. 745, L. 1991; amd. Sec. 1, Ch. 286, L. 1997; amd. Sec. 1, Ch. 550, L. 1997; amd. Sec. 2, Ch. 536, L. 1999.
MT Code § 7-6-502 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 5. Local Government Levy for Juvenile Detention Programs|7-6-502. Levy for juvenile detention programs

  7-6-502. Levy for juvenile detention programs. (1) Subject to 15-10-420, a local government may impose a levy on the taxable value of all property within its jurisdiction in an amount determined by the governing body for the purpose of financing the establishment and operation of juvenile detention programs.   (2) Local governments may use the funds derived from a levy authorized in subsection (1) to contract with other units of local government to purchase services from available juvenile detention programs consistent with the purposes of the levy as stated in subsection (1).   History: En. Sec. 2, Ch. 745, L. 1991; amd. Sec. 16, Ch. 574, L. 2001.
MT Code § 7-6-601 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 6. Local Government Accounting|7-6-601. Repealed

  7-6-601. Repealed. Sec. 61, Ch. 278, L. 2001.   History: En. Sec. 1, Ch. 430, L. 1995.
MT Code § 7-6-602 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 6. Local Government Accounting|7-6-602. Definition

  7-6-602. Definition. For the purposes of this part, "local government entity" means a consolidated city-county or a county or an incorporated city or town.   History: En. Sec. 2, Ch. 430, L. 1995.
MT Code § 7-6-603 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 6. Local Government Accounting|7-6-603. Repealed

  7-6-603. Repealed. Sec. 61, Ch. 278, L. 2001.   History: En. Sec. 3, Ch. 430, L. 1995.
MT Code § 7-6-604 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 6. Local Government Accounting|7-6-604. Repealed

  7-6-604. Repealed. Sec. 61, Ch. 278, L. 2001.   History: En. Sec. 4, Ch. 430, L. 1995; amd. Sec. 1, Ch. 176, L. 1997.
MT Code § 7-6-605 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 6. Local Government Accounting|7-6-605. through 7-6-608 reserved

  7-6-605 through 7-6-608 reserved.
MT Code § 7-6-609 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 6. Local Government Accounting|7-6-609. Declaration of policy

  7-6-609. Declaration of policy. (1) It is the policy of the state of Montana that all governmental accounting systems be established and maintained in accordance with:   (a) generally accepted accounting principles that are nationally recognized as set forth by the governmental accounting standards board or its generally recognized successor; or   (b) a small government financial reporting framework that is defined by the department and derived from the generally accepted accounting principles referenced in subsection (1)(a).   (2) The codifications, pronouncements, and interpretations of the governmental accounting standards board or its generally recognized successor must be recognized as the primary authoritative reference for governmental accounting.   History: En. Sec. 1, Ch. 278, L. 2001; amd. Sec. 2, Ch. 73, L. 2019.
MT Code § 7-6-610 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 6. Local Government Accounting|7-6-610. Fiscal year for local governments

  7-6-610. Fiscal year for local governments. The fiscal year of local governments commences on July 1 of each calendar year and ends on June 30 of the following calendar year.   History: En. Sec. 2, Ch. 278, L. 2001.
MT Code § 7-6-611 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 6. Local Government Accounting|7-6-611. Role of department of administration

  7-6-611. Role of department of administration. (1) The department of administration shall prescribe for all local governments:   (a) general methods and details of accounting as provided in 2-7-504;   (b) uniform internal and interim reporting systems as part of the uniform reporting systems provided for in 2-7-503;   (c) the form of the annual financial report as provided in 2-7-503; and   (d) general methods and details of accounting for the annual financial report as provided in 2-7-513.   (2) Local governments shall file with the department of administration:   (a) an annual financial report within 6 months of the fiscal yearend; and   (b) an audit report within 12 months of the end of the audited period.   (3) The governing body of each county or municipality shall notify the department of administration in writing, on a form prescribed by the department of administration, of the creation, dissolution, combination, or other legal alteration of any special purpose district within the county or municipality.   (4) Each special purpose district shall obtain a permanent mailing address and notify the department of administration of the address and of any subsequent changes of the district's address.   (5) The department shall accept and review claims made pursuant to 2-7-524 and 7-6-4038.   History: En. Sec. 3, Ch. 278, L. 2001; amd. Sec. 221(1), Ch. 483, L. 2001; amd. Sec. 12, Ch. 114, L. 2003; amd. Sec. 3, Ch. 73, L. 2019; amd. Sec. 2, Ch. 268, L. 2019.
MT Code § 7-6-612 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 6. Financial Administration and Taxation|Part 6. Local Government Accounting|7-6-612. Additional records and reports

  7-6-612. Additional records and reports. (1) The chief executive or governing body of a county or municipality may require any elected or appointed local government official or employee to:   (a) maintain new or additional financial records;   (b) perform new or additional financial reconciliations; and   (c) submit new or additional financial reports.   (2) This part does not provide for the consolidation or reassignment, but does not prohibit delegation by mutual agreement, of any duties of elected county officials. Continuing county duties include but are not limited to the following:   (a) The county treasurer shall make a detailed monthly report to the governing body of the county of all receipts, disbursements, debt, and other proceedings of the treasurer's office.   (b) The county clerk shall compile and present to the governing body of the county the annual financial report provided for in 7-6-611(2)(a).   (3) The designated county or municipal treasurer shall:   (a) receive, disburse, and serve as the custodian of all public money;   (b) provide for accountability of all local government cash receipts and for deposits and investments of all departments, offices, and boards;   (c) pay out, in the order registered, all warrants presented for payment when there are funds in the treasury to pay the warrants; and   (d) require periodic departmental reports of money receipts and their disposition on forms that the designated county or municipal treasurer prescribes.   (4) All local governments:   (a) shall deposit all public money with the county or municipal treasurer within a month of receipt unless otherwise specifically authorized by law;   (b) may not maintain separate bank accounts unless specifically authorized by the county or municipal governing body;   (c) may not maintain separate investments.   (5) The governing body of a county or municipality shall direct the county or municipal treasurer to open separate accounts for the receipt of money for the governing body. Only the county or municipal treasurer may open an account for the receipt of local government money.   History: En. Sec. 4, Ch. 278, L. 2001; amd. Sec. 13, Ch. 114, L. 2003.