| The Treasurer of State may deposit the money, including |
trust funds of the State, in any of the national bank or in |
any banking institutions or institution, trust companies or |
company, state or federal savings and loan associations |
association or mutual savings banks bank organized under the |
laws of this State or in any national bank or banks or state |
or federal savings and loan associations located in the State, |
| having a location in the State except as provided in chapter |
| 161. Before making a deposit, the Treasurer of State must |
| consider the rating of the banking institution, trust company, |
| state or federal savings and loan association or mutual |
| savings bank on its most recent assessment conducted pursuant |
| to the federal Community Reinvestment Act, 12 United States |
| Code, Section 2901. When there is excess money in the State |
| Treasury that is not needed to meet current obligations, the |
| Treasurer of State may invest, with the concurrence of the |
| State Controller or the Commissioner of Administrative and |
| Financial Services and with the consent of the Governor, those |
| amounts in bonds, notes, certificates of indebtedness or other |
| obligations of the United States and its agencies and |
instrumentalities that mature not more than 24 36 months from |
| the date of investment or in repurchase agreements secured by |
| obligations of the United States and its agencies and |
instrumentalities that mature within the succeeding 24 36 |
| months, prime commercial paper, tax-exempt obligations and |
| corporate bonds rated "AAA" that mature not more than 36 |
| months from the date of investment, banker's acceptances or |
| shares of an investment company registered under the federal |
| Investment |