Or. Admin. Code § 410-141-5130 - ASSET VALUATION AND PERMITTED INVESTMENTS: Investments; Certain Obligations, Property, Loans and Other Specified Items
Funds of a CCO may be invested in the following:
(1) Obligations secured by a mortgage or deed
of trust payment of which is guaranteed by a policy of mortgage
insurance.
(2) Obligations issued,
assumed or guaranteed by the International Bank for Reconstruction and
Development.
(3) Bank and bankers'
acceptances and other bills of exchange of the kind and nature made eligible by
law for purchase in the open market by federal reserve banks.
(4) Deposits, certificates of deposits,
accounts or savings or certificate shares or accounts of or in banks, trust
companies, savings and loan associations or building and loan associations
insured with the Federal Deposit Insurance Corporation or qualified to do
business under the laws of this state.
(5) Obligations issued by trustees or
receivers of a corporation created or existing under the laws of a sovereign
which, or the assets of which, are being administered under the direction of a
court having jurisdiction if the obligation is adequately secured as to
principal and interest.
(6)
Transportation equipment used wholly or in part within a sovereign, or
adequately secured trust certificates of participation or similar obligations
or contracts evidencing an interest in such transportation equipment, where the
investor is entitled to receive a determined or determinable portion of rental,
purchase or other obligatory payments for use or purchase of the
equipment.
(7) Purchase contracts
or lease-purchase agreements executed under the Federal Public Buildings
Purchase Contract Act of 1954, or the Post Office Department Property Act of
1954.
(8) Stock of the Federal Home
Loan Bank to the extent of the minimum required by the Federal Home Loan Bank
Act. A CCO acquiring such stock may exercise all rights and powers given to
members under such Act, including but not by way of limitation the right to
obtain advances or borrow money from such bank and to pledge collateral as
security therefor.
(9) Obligations
issued, assumed or guaranteed by the Inter-American Development Bank.
(10) Obligations issued, assumed or
guaranteed by the Asian Development Bank.
(11) Obligations issued, assumed or
guaranteed by the African Development Bank.
Notes
Statutory/Other Authority: ORS 413.042, 414.572, 414.591 & 414.605
Statutes/Other Implemented: ORS 414.570-414.686 & 415.001-415.430
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