9-4-108. Crediting of investment returns.
(a) Earnings on state funds invested by the state treasurer shall be credited to accounts or funds as provided by law and as follows:
(i) Interest, dividends and rents earned shall be credited not later than at the end of the second month following each fiscal quarter;
(ii) Subject to paragraph (iii) of this subsection, other realized earnings shall be credited as soon as practicable after the end of the fiscal year but no later than ninety (90) days after the end of the fiscal year in which the earnings were realized;
(iii) Any debit against the account or fund which exists as a result of realized investment losses from a prior years' investments of the fund or account shall be paid before distributions under paragraph (ii) of this subsection;
(iv) Subject to the requirements of paragraph (iii) of this subsection, the state treasurer may credit any earnings at such earlier times than provided in this section and in such amounts as may be advantageous for the state's investment program and cash management.
(b) Any provision of law which specifies the crediting or distribution of a state fund investment earnings to a specific fund or account at a time different than the provisions of this section shall control over this section.