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§ 16007.1.8. Quarterly Statement of Depository to Agent of Depository.

2 CA ADC § 16007.1.8Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 2. Administration
Division 4.5. Local Agency Deposit Security
Chapter 2. Administrator of Local Agency Security
Subchapter 7. Security Pools (REN)
Article 1. General Provisions
2 CCR § 16007.1.8
§ 16007.1.8. Quarterly Statement of Depository to Agent of Depository.
Currentness
(a)(1) Whenever the Administrator calls for a called report of local agency deposits and securities, a depository which maintains a security pool (REN) with an agent of depository shall deliver to such agent of depository a statement containing the following information as of the time specified by the Administrator for information in such called report:
(A) Identification of the security pool.
(B) Description of each security in the security pool.
(C) Statement that each security in the security pool constitutes an eligible security (REN).
(2) The statement called for in Paragraph (1) of this Subdivision (a) shall be executed on behalf of the depository by two or more duly authorized officers of the depository, and each of such officers shall endorse upon or attach to a statement verification that he statement is t and correct.
(b) No agent of depository which holds a security pool (REN) shall make with respect to such security pool the verification called for in Section 16005.4.3 of this Chapter or the certification called for in Section 16005.4.4 of this Chapter unless it first receives from the depository the statement called for in Subdivision (a) of this Section and a duly authorized officer of such agent of depository endorses upon or attaches to such statement a certification that he has read the statement, that he has accepted the statement in good faith, and that to the best of his knowledge and belief all the information contained in the statement is true and correct.

Credits

Note: Authority cited: Section 53661, Government Code. Reference: Section 53661, Government Code.
History
1. Repealer of subsections (a)(1)(D)-(F) and amendment of subsection (a)(2) and Note filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).
This database is current through 5/31/24 Register 2024, No. 22.
Cal. Admin. Code tit. 2, § 16007.1.8, 2 CA ADC § 16007.1.8
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