12-286

12-286. Investment of deposits;
definition

A. The clerk of the superior court may invest monies received in trust in interest
bearing savings accounts or certificates of deposit in banks or savings and loan
associations doing business in this state whose accounts are insured by the federal
deposit insurance corporation or the federal savings and loan insurance
corporation. Deposits in excess of the insured amount shall be secured by the depository
as prescribed in section 35-323.

B. Interest earned on investments made pursuant to this section shall be deposited
in the county general fund.

C. The clerk of the superior court shall establish an accounting system for all
monies received in trust which are invested in interest bearing savings accounts or
certificates of deposits pursuant to this section.

D. If the county has established a county attorney victim compensation fund
pursuant to section 11-538, on the fifteenth day of each month the clerk of the superior
court shall transmit seventy-five per cent of the interest earned on restitution monies
that are received in trust as prescribed by subsection F, paragraph 4 of this section and
that accumulated in the previous month and seventy-five per cent of the interest earned
on juvenile restitution monies that are received in trust as prescribed by subsection F,
paragraph 5 of this section and that accumulated in the previous month to the county
treasurer for deposit in the county attorney victim compensation fund.

E. If the county has established a clerk of the superior court victim location fund
pursuant to section 12-287, on the fifteenth day of each month the clerk of the superior
court shall transmit twenty-five per cent of the interest earned on restitution monies
that are received in trust as prescribed by subsection F, paragraph 4 of this section and
that accumulated in the previous month and twenty-five per cent of the interest earned on
juvenile restitution monies that are received in trust as prescribed by subsection F,
paragraph 5 of this section and that accumulated in the previous month to the county
treasurer for deposit in the clerk of the superior court victim location fund.

F. In this section, "monies received in trust" means monies received in a fiduciary
capacity by the clerk including all of the following:

1. Civil trust monies.

2. Dissolution sale of proceeds monies.

3. Probate and guardianship trust monies.

4. Criminal bonds and restitution.

5. Juvenile restitution.

6. Habeas corpus trust monies.

7. Mental incompetent trust monies.

8. Adoption trust monies.

9. Condemnation bonds.

10. Support monies.