§ 12301 State Federal Funds Custody

• •The State Treasurer is the official who holds state money from federal sources.
• •He must ensure the money is properly protected and accounted for.
• •This applies to any funds the state receives from the U.S. government or its agencies.

When the state receives a federal grant for road repairs, the Treasurer takes custody of that grant money and ensures it is properly stored and used.

The law says the Treasurer must receive the funds and keep them safe, so the state can spend the grant as intended without losing or misusing the money.