(A) Whenever there are moneys in the village treasury which will not be required to be used for a period of six months or more, such moneys may, in lieu of being deposited in a bank, be invested in accordance with the provisions of R.C. §§ 731.56 through 731.59.
(B) Except as otherwise provided, net interest on treasury investments shall be distributed to the General Fund of the village, except that the net interest on treasury investments of the Fire Equipment Reserve Fund shall be distributed to such Fund, and the net interest on federal general revenue sharing funds shall be distributed to the Federal General Revenue Sharing Fund.
(Prior Code, § 234.02) (Ord. 391, passed 11-4-1974)