The State Treasurer's Office has accounting responsibility for the Condemnation Deposits Fund. Court-ordered deposits in eminent domain proceedings are accounted for in this fund. The fund is invested as part of the Surplus Money Investment Fund (SMIF) within the Pooled Money Investment Account (PMIA), under the oversight of the Pooled Money Investment Board. Money is transferred to the Condemnation Deposits Fund as a deposit in condemnation proceedings for acquisition of real property. The State Treasurer pays the amount deposited as ordered by court order or decree.