Florida Statute 136.4 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XI
COUNTY ORGANIZATION AND INTERGOVERNMENTAL RELATIONS

Chapter 136
COUNTY DEPOSITORIES

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F.S. 136.04

136.04 Depositories to keep demand and time deposits separate; how interest on deposits credited.—Each bank acting as a depository shall keep all daily balance accounts which are subject to immediate checking, in an account or accounts separate from all savings or time deposit accounts. Funds in a saving or time deposit account shall not be subject to check without being transferred to the checking account by order of the board or officer having control of the same. Each board or officer at all times may transfer money from one of the classes or types of accounts to another. Interest shall be paid by depositories receiving savings or time deposit accounts at such rate or rates as may be agreed upon with respect to such savings or time deposit accounts by the depository and the board or officer having control of such account. All interest earned on any of such deposits shall be credited to the account and fund on which it was earned, and all interest shall be computed and credited quarterly.

History.—s. 5, ch. 6932, 1915; RGS 1562; s. 2, ch. 8527, 1921; CGL 2407; s. 3, ch. 59-23; s. 6, ch. 81-285.

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Amendments to 136.04

Annotations, Discussions, Cases:

Cases Citing Statute 136.04

Total Results: 2

Ago

Florida Attorney General Reports | Filed: Jan 25, 1979 | Docket: 3256177

Published

Ch. 136, F. S., the County Depository Law. Section 136.04 requires banks which serve as county depositories

Money v. State ex rel. Florida First National Bank at Port St. Joe

206 So. 2d 436, 1968 Fla. App. LEXIS 6063

District Court of Appeal of Florida | Filed: Jan 30, 1968 | Docket: 64503839

Published

or their pro rata share of the deposits * * Section 136.04 provides: “Interest shall be paid by banks