Ohio Admin. Code 113-7-05 - Treasurer of state's assessment rate
(A)
The treasurer of
state may require an eligible credit union that holds public deposits under
section 135.61 of the Revised Code to
pay interest at a rate not lower than the product of the interest rate set in
the deposit agreement multiplied by the sum of one plus the treasurer of
state's assessment rate.
(B)
The treasurer of state's assessment rate shall be less
than or equal to three per cent.
Replaces: 113-7-06
Notes
Promulgated Under: 119.03
Statutory Authority: 135.61
Rule Amplifies: 135.61, 135.62, 135.622, 135.70, 135.702
Prior Effective Dates: 11/05/2019, 11/07/2021
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