South Dakota Administrative Rules
Title 6 - State Treasurer
Article 6:02 - Public deposit protection commission
Chapter 6:02:02 - Collateral segregation
Section 6:02:02:02 - Contents of liability report

Universal Citation: SD Admin Rules 6:02:02:02
Current through Register Vol. 50, page 114, March 25, 2024

All qualified public depositories in the state must return to the commission a standard public depository liability report which includes the following information: name of depository; call date; date submitted; amount and number of public demand and time deposits over the amount of deposit insurance as of the current reporting date; the total amount of public funds deposited by the state, a political subdivision, or any tribal government defined in SDCL 4-6A-1(6) which are currently federally insured; and the maximum liability of the depository. Public depositories in which public funds are deposited under SDCL chapter 4-6 A include any state bank, national bank, savings and loan association, or credit union located within this state.

General Authority: SDCL 4-6A-20.

Law Implemented: SDCL 4-6A-6, 4-6A-7.

Definition of maximum liability, SDCL 4-6A-1(5).

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