(a) Is approved by the State Treasurer;
(b) Enters into a pledge agreement; and
(c) Except as provided in subsection (3) of this section, certifies in writing to the State Treasurer that it will furnish the reports required under ORS 714.075 to the Director of the Department of Consumer and Business Services.
(2) The State Treasurer may adopt rules setting forth additional requirements the State Treasurer determines must be met for a depository to be approved as a custodian under this section.
(3) A Federal Home Loan Bank may serve as a custodian without meeting the requirements of subsection (1)(c) this section. [2019 c.587 §8]
Structure 2021 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 295 - Depositories of Public Funds and Securities
Section 295.001 - Definitions for ORS 295.001 to 295.108.
Section 295.002 - Deposit of public funds; exceptions; limitation on personal liability.
Section 295.004 - Conditions for deposit of funds in excess of specified amounts.
Section 295.006 - Public official filings with State Treasurer; rules.
Section 295.007 - Conditions for acting as custodian; rules.
Section 295.008 - Qualified depositories.
Section 295.013 - Custodian’s receipt; duties of custodian; rules.
Section 295.015 - Maintenance of securities by qualified depository.
Section 295.031 - Notice to public officials regarding adequacy of collateral.
Section 295.034 - Withdrawal of inadequately collateralized funds.
Section 295.037 - Distribution of collateral after loss in qualified depository.
Section 295.038 - Assessment against collateral of qualified depositories.
Section 295.039 - State Treasurer acceptance of moneys for purposes of administering ORS 295.038.
Section 295.046 - Limitation on acceptance of public funds from single public official; exceptions.
Section 295.048 - Limitations on aggregate uninsured public funds deposits; notice; exceptions.
Section 295.071 - Investigation by regulatory bodies other than State Treasurer.
Section 295.081 - Time deposits.
Section 295.091 - Geographic preference in selecting depositories; apportioning funds; interest.
Section 295.098 - Public body agreements with third parties; alternative methods.
Section 295.101 - Public funds not subject to ORS 295.001 to 295.108.
Section 295.103 - Certain moneys related to motor carriers not public funds.
Section 295.108 - State Treasurer rules; form of report.
Section 295.205 - Accounts in financial institutions outside Oregon; conditions; rules.