Utah Admin. Code R628-11-7 - Collateralization of Excess Uninsured Public Funds
Current through Bulletin No. 2021-18, September 15, 2021
Pursuant to Section
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Pursuant to Section 51-7-18.1(5), the Money Management Council may require a qualified depository to pledge collateral security for deposits of uninsured public funds which exceed the uninsured public funds allotment established by this rule. Any pledging of collateral security required by the Money Management Council shall be in accordance with the provisions of the Money Management Act and the rules of the Money Management Council.