Washington State

Office of the Attorney General

Attorney General

Bob Ferguson

Translate
  1. Home
  2. AG Opinions
  3. Opinions by Topic
  4. AGO OPINION TOPIC: LIABILITY OF COUNTY COMMISSIONERS IN THE EVENT OF LOSS OF GOVERNMENT BONDS

AGO OPINION TOPIC: LIABILITY OF COUNTY COMMISSIONERS IN THE EVENT OF LOSS OF GOVERNMENT BONDS

Printer-friendly version
AGO 1956 NO. 193 > Jan 30 1956
RIGHT OF COUNTY TO INVEST 'INACTIVE AND EXCESS' FUNDS IN U.S. -- LIABILITY OF COUNTY COMMISSIONERS IN THE EVENT OF LOSS OF GOVERNMENT BONDS

1. Counties may invest "inactive and excess funds in U. S. Government bonds. 2. County Commissioners, county finance committees, and county treasurers are not personally liable in the event of loss through investment of inactive and excess funds in U. S. Government bonds if they have followed procedure set forth in RCW 36.33.180.

Read More...