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Prosecutor's opinion: county treasurer handling interest on inactive funds according to law, commissioners told
Summary
County staff reported an attorney opinion and an attorney general opinion saying interest on inactive county funds must be handled according to statute, with most interest flowing to the general fund unless statute or grant terms specify otherwise.
County staff updated commissioners March 27, 2025, on the handling of interest earned on inactive county funds after soliciting a legal opinion from the prosecutor’s office and referencing an attorney general opinion.
A staff member told the board the prosecutor reviewed the county’s practice and concluded the treasurer is administering interest according to law. The staff member said an attorney general…
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