Where are all funds received by the board deposited?

The funds received by the board are deposited into the state treasury because this is the designated repository for state funds, ensuring that all financial transactions are handled with transparency and accountability. The state treasury manages the finances of the state government, which includes collecting fees, fines, and other revenues generated by various departments, including the board. This centralized financial management helps maintain oversight and supports the proper allocation of funds for public services and programs.

In contrast, other options such as a local bank, federal reserve, or private accounts do not align with the governmental structure and protocols surrounding state finances, which emphasize maintaining funds within the government system to uphold accountability and regulatory compliance.