Rule 129:1-1-10 | Office of treasurer of Vietnam conflict compensation fund and Vietnam conflict compensation bond retirement fund.
The treasurer of state of the State of Ohio shall be the treasurer and custodian of the Vietnam Conflict Compensation Fund and of the Vietnam Conflict Compensation Bond Retirement Fund. Said funds shall be subject to audit by the auditor of state at such times as he deems necessary and proper to do so. Such treasurer shall make disbursements from said funds upon checks authorized by The Commissioners of the Sinking Fund in accordance with the provisions of Rule 129:1-1-11.
The treasurer of state shall invest such portion of the monies in the funds herein mentioned, which are determined to be not needed for immediate use and all interest earned by each portion of any such fund so invested by such treasurer shall be collected by said treasurer and placed to the credit of the fund to which each such respective portion invested belongs.
The treasurer of state shall deposit monies of the Vietnam Conflict Compensation Fund or the Vietnam Conflict Compensation Bond Retirement Fund in the same manner and subject to the same provisions as provided by law for deposit of other state funds by such treasurer.
The treasurer of state shall also be the custodian of any bonds or other securities in which money in the funds herein mentioned may be invested. All bonds or other securities so purchased shall be placed in possession of such treasurer forthwith, or in safekeeping with any bank or trust company legally authorized to do business in Ohio. It shall be such treasurer's duty also to collect the principal thereof and the interest thereon as the same becomes due and payable and place the same when so collected to the credit of the respective fund to which such bonds or other securities belong.
The treasurer of state shall also serve as paying agent as to both interest and principal and as registration agent for all Vietnam Conflict Compensation Bonds issued by The Commissioners of the Sinking Fund. All bonds so issued and sold by The Commissioners of the Sinking Fund shall be delivered to the purchaser or purchasers thereof by such treasurer who shall receive and receipt for the proceeds of such sale, and such treasurer shall credit the proceeds of any such sale so received by said treasurer to the funds herein mentioned as required by Section 2j, Article VIII of the Constitution of Ohio.
Supplemental Information
Amplifies: –
Five Year Review Date: