§ 1573 Trust Fund Deposit Requirements
This law says that any money or securities that the commissioner approves must be sent to the state treasurer, who will keep it safe and only use it for the people who are supposed to benefit from it.
A retirement fund receives $1 million that belongs to retirees. The commissioner signs off on the money, and the fund sends it to the state treasurer.
The treasurer writes down that the money was received, holds it safely, and later makes sure it goes to the retirees, because the law says the state must protect and return the money to the right people.
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§ 1573 Trust Fund Deposit Requirements
Last verified: January 11, 2026