Oklahoma Administrative Code
Title 735 - State Treasurer
Chapter 10 - Security for Public Deposits
Section 735:10-1-5 - Pledge or provision of collateral required to receive State funds on deposit
Current through Vol. 41, No. 13, March 15, 2024
Financial institutions accepting State funds on deposit must transfer collateral securities to a safekeeping bank and/or provide collateral instruments to OST prior to receiving said funds. Financial institutions retain a right to substitute and withdraw collateral securities, and collateral instruments if:
(1) the transaction would not reduce the total collateral pledged and provided below the required amounts as established in 735:10-1-3;
(2) the transaction is otherwise in compliance with these rules and regulations; and
(3) if the transaction is approved by the State Treasurer.
Added at 13 Ok Reg 1583, eff 4-2-96 (emergency); Added at 13 Ok Reg 3341, eff 7-25-96; Amended at 15 Ok Reg 2479, eff 4-29-98 (emergency); Amended at 15 Ok Reg 2865, eff 6-25-98